When dealing with large debts, it is likely that you will experience an associated stress and anxiety.  Fortunately, it is possible to deal with debts without anxiety – all you need to do is use our top tips as coping mechanisms.  Financial worries or struggling with debt can often result in stress, tension in the home, arguments between you and your loved ones, and feelings of depression.  In this article, we will discuss debt-related stress and how to manage all the mental and emotional issues associated with being in debt.


Tip #1.  Accepting That Debt Is A Problem


Before you can tackle the issue of debt and its associated stress, you need to accept that your debt is a problem.  For the majority of people, debt is an issue that builds up over time developing from something that was small and manageable into a problem that appears to be completely out for your control.  When debt reaches this level, you must accept it as a problem to be dealt with.


Tip #2.  Talk About The Debt


When you have accepted that your debt is a problem, it is crucial that you speak to someone regarding your concerns.  By speaking about the challenge, you will share the burden of worry and help reduce any feelings of anxiety.  Being open with your partner regarding debt can be beneficial as debt affects all people in a relationship, both financially and emotionally.


Tip #3.  Take Action And Start Dealing With The Debt


The sooner you begin dealing with debt, the sooner the issue will be resolved.  Your first step should be to contact a debt organization, such as the Citizen’s Advice Bureau or StepChange, for free and impartial advice.  You should also stop ignoring the growing bills and begin talking to creditors. Consolidating your loans can help too, it’s something a lot of people do. If you want to know does loan consolidation work, read on.


Tip #4.  Restoring Your Confidence


By taking action and dealing with debt, you will feel a strong sense of achievement and discover that debt is a problem that can be overcome regardless of its overwhelming nature.  If you feel as though debt is a large problem or something you cannot manage, remember that taking smaller steps can help restore confidence and deal with the financial issue.


Tip #5.  Gaining Assistance To Cope With Debt


There are various different routes to resolve debt issues, and certain charities can help you determine which options are best for your needs.  We recommend that you contact the following organizations or search through debt directories for more sources of help:



Tip #6.  Addressing The Stress Caused By Debt


If you have been struggling with growing debt, you may have experienced a certain degree of stress and anxiety, potentially depression.  The concerns associated with being in debt are very common and occur among most people.  There are simple steps one can take to increase feelings of relaxation.  It is also essential that you remember the debt is a problem you can overcome, and if you take action now your debt will seem to be a distant memory in a few years’ time.  So, while you are dealing with financial debt, remember to do the following:


  • Eat a good, healthy, and balanced diet to ensure positive physical and mental functioning
  • Exercise by running around the park or hopping on a bicycle; you don’t need to pay lots of money to remain active
  • Regular exercise with a good diet will help you maintain a good sleeping pattern
  • Keep all issues in perspective and understand that debt is a problem you can manage


Tip #7.  Tackle The Psychological Aspects Of Debt


Debt can be associated with psychological or emotional needs, and for many people spending money is a method to boost one’s mood or reward themselves making up for disappointments.  For other individuals, debt and depression can be easily connected where debt fuels depression which, in turn, fuels the desire to spend money.  For example, shopping can be addictive and as difficult to deal with as alcohol or drug addiction.


If you know how your spending habits are affecting your psychological state, you may want to seek counselling.  To find a counsellor, try speaking to your GP and they can refer you to a trained counsellor.


Tip #8.  Finding A Path Away From Financial Debt


Debt is a difficulty that many people can resolve.  By taking steps to tackle debt, you will reduce feelings of stress and feel in control of the situation.  As the debt becomes manageable, it is important that you continue to care for yourself by exercising regularly and eating a good diet.  It is also recommended that you address the emotional scars of debt by accessing mental health services.  Help is available from various resources including referrals from your GP or using mental health charities.