It’s commonly said that health is wealth. Being financially stable can positively impact your health, while financial stress can be detrimental. Debt is a common source of stress that affects millions worldwide and can significantly impact your mental and physical well-being. Whether you’re in debt or are seeing a loved one dealing with these financial issues but aren’t sure how to help, it’s essential to understand the toll it has to mitigate its effects. 

Read on to explore the effects of debt stress, from mental to physical, and some coping strategies. 

Physical impact of debt stress 

Financial stress, like debt, doesn’t just stay in the bank. Debt can significantly impact our well-being. Recent studies have shown that it is more than just a burden—it can cause physical health problems. The American Psychological Association (APA) published a study that found people with debt-related stress experience some of the following health issues: 

High blood pressure 

High blood pressure is one of the most common physical health problems associated with debt. Also known as hypertension, this condition can lead to serious health complications (such as heart disease, stroke, and kidney disease). Often, seeking medical help or adjusting to a healthier lifestyle can help reduce debt-related high blood pressure. 

Body pain 

In general, emotional stress triggers neurological responses that cause muscle tensing, tightening, and clenching. If you’re in debt and suffer from headaches, neck pain, backaches, and TMJ, debt stress is likely the culprit. These physical pains can make daily activities such as work and errands more difficult, increasing stress, which creates a dangerous cycle of anxiety, pain, and more stress. It’s important to break this cycle before it impacts other areas of your life. 

Digestive issues  

Your gut is often referred to as your ‘second brain’ because it relies on the same types of neurons and neurotransmitters found in the central nervous system. This is why, in response to stress, you may experience pain, bloating, or other gastrointestinal discomfort. To prevent stress from affecting your gut, managing your stress levels should be a top priority. Try meditation, breathing exercises, or taking walks in fresh air to help regulate your nervous system. Remember, when you calm your mind, you also calm your body.  

Mental impact of debt stress 

It’s not just physical; debt and mental health are also intertwined. The same APA study found that people who deal with financial issues are more likely to experience mental health issues and significant emotional distress. Here are two of the most prominent issues: 

Depression 

Depression and debt often have a strong correlation. Studies have shown that people in debt are more likely to suffer from depression than those who are not. Those experiencing debt-related depression have little energy or motivation to do anything but think about their debt. They may also experience changes in appetite, sleep patterns, and weight.  If you’re experiencing any of these symptoms, the first and most crucial step is understanding that you aren’t alone. 

Shame 

Carrying debt can result in feelings of shame and embarrassment. This is especially true if you’ve made the right financial moves but still find yourself in crushing debt. 

This shame can manifest in many ways. Most turn to shame and denial about their debt rather than facing their feelings head-on. Unfortunately, this only worsens the situation, as debt-related shame can lead to isolation, alongside aggravating mental health issues such as anxiety, depression, paranoia, and agoraphobia. These side effects, among others, should not be taken lightly. No matter how debt affects your well-being, it’s important to recognize these feelings before they leak into other areas of your life. 

Conflict with loved ones  

Financial stress is often one of the main culprits of tension and arguments in relationships. You may find that disagreements over spending habits, budgeting, and debt with your partner or family member can strain communication and deepen resentment. If you’re experiencing this in your relationships, remember that navigating debt doesn’t have to be isolating. You can work together to ease the stress through open communication, mutual understanding, and shared goals, turning a challenging situation into an opportunity to rebuild trust.  

If you need additional guidance, check out our tips on how to talk about money to navigate these conversations with confidence and reduce financial tension in your relationships. 

How to deal with debt stress  

If you’re struggling with debt, you know far too well how these stressors can affect your life. The good news is that it’s manageable. 

Whether you’re figuring out how to manage any stress you’re dealing with – like credit card debt, mortgages, or student debt and mental health, trying to figure out how to not stress about debt, or anything in between, here are some actionable tips to try: 

• Acknowledge your debt: This is especially true for your mental health. Once you have acknowledged your debt (and its impact on your life), you can begin working through these heavy emotions (like shame) and develop a healthy relationship with money.   

• Ask for help: Seek advice from financial experts or trusted friends and family for support with your debt. Talking about your financial situation with others can provide new perspectives, objective advice, and emotional support, making the journey out of debt more manageable. 

• Create a budget: Understanding your income and expenses can help you manage your finances better. Use budgeting tools or apps to keep track of your spending and saving habits. 

• Prioritize your debts: List your debts and prioritize them based on interest rates or balances. Focus on paying off high-interest debts first to reduce the total interest paid. 

• Build an emergency fund: Even a small emergency fund can prevent you from falling deeper into debt when unexpected expenses arise. Start small and gradually increase your savings. 

• Practice stress-relief techniques: Engage in activities that reduce stress, such as exercise, meditation, or hobbies. Managing stress can improve your mental health and decision-making abilities. 

• Educate yourself on financial management: Increase your financial literacy by reading books, taking online courses, or attending workshops. Gaining knowledge about financial principles can help you make better future financial decisions. 

• Stay positive and patient: Reducing debt is a marathon, not a sprint. Celebrate small wins and keep up the positivity. Patience and persistence are vital to overcoming debt stress. 

Better health and wellness with debt resolution 

Anxiety, depression, body pain, and life-threatening health conditions are all real risks with debt stress as the culprit. Don’t worry, they can be minimized or eliminated with the right help. At Clarity, we understand the overwhelming impact that debt can have on your life and well-being.  

Clarity boasts a team of financial professionals who will develop a plan tailored to your specific needs and circumstances. We will negotiate with your creditors on your behalf to obtain the best possible settlement terms. Additionally, we can help you create a manageable payment plan that aligns with your financial situation. Contact Clarity today to take control of your debt and start living a healthier, happier life. We’re here to help.

–

Disclaimer: The information provided here is for general informational purposes only and does not constitute legal, financial, or tax advice. Laws and regulations vary by state and individual circumstances, so always consult a qualified professional for personalized guidance.