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Spending on credit is fun. Paying it all back is not.

Dealing with demands from credit providers or collections agents can be very stressful. It can very negatively impact on your feelings.

Stress, depression and anxiety are very common when dealing with debt. More than that, these feelings can also cause additional problems for us at work or at home.

Financial Stress Messes Up Other Parts of Your Life

Many people who are struggling to deal with debt report feelings of frustration, low self-esteem and even impaired cognitive functioning.

 Employers often notice that staff members, who have high levels of debt stress, begin to struggle to be as productive at work. Sleepless nights also don’t help.

Those dealing with debt stress are also more likely to snap and be harsh with those around them. This can negatively impact on family life. Debt has often been linked to the end of many relationships.

Research has found that worrying about debt triggers stress. Stress then drives what they call ‘negative behavioural patterns’. These patterns drive some consumers to spend without restraint.

You may have heard of people doing some retail therapy. People often spend to feel powerful and free, even when they can’t really afford to do so.  And unfortunately, this can drive a person into more debt just as fast as a car accident or medical emergency.

Sort Your Debt & Start to Feel Better

Being in debt is stressful but it really doesn’t have to take all the joy out of your life.

There are many ways to deal successfully with debt.

Talk to someone and make a plan to deal with your debt. Make some more changes to help reduce spending and save where you can and try to remain positive by focussing on the good things in your life.

Don’t let debt dominate your entire life. Rather, get it sorted out and you will immediately begin to feel better.