Handling Debt Effectively
Research has shown that over 100,000 people a year who have accumulated debt have tried to kill themselves. One in 14 adults has a debt problem as a result of falling behind on bills, credit agreements or they haven’t paid their gas, water or electric suppliers. Resultantly, these people are three times more likely than the general public to have thought about ending their life. It has taken us too long to bring mental health to the public table for discussion as we have often brushed this topic aside. But, over time, we have become more knowledgeable on the subject, and we understand the way various triggers, behaviours and issues impact our mental health.
Read on to learn more about how debt can make us depressed and suicidal and how we can handle it adequately to avoid long-lasting symptoms.
Talk to a Professional
Before you try and sort out your debt problems by yourself, you need to seek professional help. Doing it solo could lead to more issues if you don’t understand how you can pay your debt off without getting into more. You want to be clean of debt, not finding yourself buried under so much that you feel like there is no way out except suicide.
There are many different professionals out there who you can work with to gain financial advice and support when trying to handle your debt. However, I recommend that you double-check their credentials and seek recommendations off of others before choosing somebody to help you. Unfortunately, there are scammers in every industry, and with money issues already, you need to be extra careful that you are working with the right people.
Accept Help From Others
Often, when we are facing money issues, we don’t want to talk about it with friends and family because we are embarrassed or ashamed. But, for whatever reason, they may know about your troubles and wish to help you. However, when we are facing money problems, we can let our pride get in the way of accepting help from others. Instead, we should step back and assess our situation and realise that we can benefit from letting our family and friends support us.
But, you need to take help from others with a pinch of salt. You don’t want to accept support from a person without knowing the full details. If you don’t have an open and honest conversation with them about any money they are giving or lending you, you could end up in further debt or having relationship issues later on.
Speak to a Counsellor
As mentioned, when we face debt issues, often we also suffer with mental health issues such as depression. This depression can be tough to overcome, especially if your debt is long-lasting; making your depression stay with you, too. Every day you could be facing another symptom of this mental health issue which not only affects your daily life, but it affects your motivation to relinquish yourself from your money problems.
If you don’t try and control your depression, you will start to feel like your debt is the end of it all. Seek help from a counsellor to talk about your feelings and start to gain control over your life again. They can be a great help to you when understanding that the depression doesn’t control you, and often, what you think or feel is a product of the illness and not something you should react to.
Don’t suffer in silence and seek the support you need and deserve from professionals, your family and a therapist today. Check out my website to learn more about my services and how I can help you.