3 Ways Financial Problems Take a Toll on Your Health

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Finance affects many aspects of your life, one of which is health. If you have limited income and mounting debts, it will soon adversely affect you physically and mentally. Based on the findings of an Associated Press- AOL Health poll, individuals plagued with multiple debts are prone to suffer from health issues than those without any financial problems. Poor income is related to bad health conditions, loans, and higher stress levels. Period!

The study found that 27 percent of people drowned in debt were plagued with digestive tract issues and ulcers. Again, eight percent of people had debt-related stress, and another 47 percent of the people plagued with migraines and headaches.

There are numerous researches to prove that people with poor finance develop certain kinds of ailments, like Type 2 diabetes and cardiovascular ailments. Households with low income have problems related to hypertension, obesity, and high blood pressure. To cut a long story short, money and financial affluence keep you healthy.

According to an article published on https://www.huffingtonpost.ca, Canadians have much consumer debt, as for each $100 disposable earning, households in the country have $168 in consumer debt, based on the findings of Statistics Canada data 2016. The major driver of stress in the country is poor finance and 42 percent of the people in Canada consider money as the primary cause of their stress level. Read on to learn about the four ways financial problems affect your overall health.

  1. Battling sleeplessness

Sleeplessness and insomnia are related to financial stress, especially if you have hefty dues to pay off to your creditors. The lack of sound sleep throughout the night leads to mood swings, irritation, and short-term loss of memory, slow reflexes, and poor movement abilities. Based on a 2005 finding, it was discovered that adults deprived of less than seven hours of sleep were more obese than people who slept well. Based on the findings of Harvard’s Nurses’ Health Study, irregular sleep is related to the possibilities of colon cancer, cardiovascular disease, diabetes, and breast cancer. People with financial woes have multiple health concerns, and sleeplessness can aggravate such problems further over time.

When you sleep tight for eight hours daily at night, your body heals itself. The lack of sleep will lead to flu, cold, and other ailments. No matter whether you are well or sick, your immune system needs some rest. Even if you think that you are fine with less sleep, it affects your health over the years. There is no doubt about the same.

  1. Enhanced stress

When it comes to stress, most of it is negative. Money problems lead to stress, causing other related ones like troubled relationships, divorce, and unemployment due to poor performance. Based on some researches, more than 50 percent of Americans have financial woes. Be it your retirement, repaying loans and credit card bills, or earning the money to make both ends meet, your health takes a back seat due to poor finances and debt. Therefore, if you want to take a loan from a finance agency, first check its debt settlement ratings and then apply. When you take out money for your family, apply for a loan from a credible lender with positive customer reviews so that you can get the best repayment terms and interest rates.

Debt-related stress lead to a myriad of health issues, primarily depression, anxiety, anger, hair loss, obsessive-compulsive disorder, and hyperthyroidism. According to the AP-AOL poll, people in debt were seven times more susceptible to anxiety and five times more prone to depression.

Stress creates an unhealthy cycle of depression and anxiety. The problem aggravates, if not addressed, and damaging emotions take a turn for the worse. When you are in extreme stress, your financial problems and debts seem worse than ever. It makes it difficult for you to manage your daily life.

Therefore, you must take the right steps to alleviate stress to improve your lifestyle and stay happy. Those who manage to pay off debts have fewer tummy problems, fatigue, and headaches.

  1. Alcohol addiction due to financial stress

If you have mounting debts to repay and limited income, a bottle of alcohol is not the solution to your problem. You think that a glass of whiskey will help you unwind and forget your financial worries. Then, is it so? On the contrary, too much alcohol consumption would make you disillusioned and make you complain about everything around you.

People who stop drinking after two pegs drink for a good reason. Then, if you take excessive wine or alcohol, it will result in more problems than ever. Drinking too much will affect your liver and kidney. Moreover, a bottle of whiskey or vodka every day will cost you heavily over the years.

If this is the way to deal with financial problems, then you are wrong. Drinking is a risky process and can affect your finances adversely. Even if you have some savings, you will blow that money to buy bottles of alcoholic beverages.

Even if you are a heavy drinker, you can stop and quit boozing if you want from all your heart. Alcohol makes your metabolic processes slow and arouses appetite, leading to obesity.

  1. Eating too much due to financial depression

It is okay to grab a sandwich and ice cream after a hectic day at work. Indulging in such foods is fine once or twice. Then, if you take to a bag of chips more often than not, you are depressed due to financial woes.

People with financial woes often overeat and pave their way for stress. When you eat too much, your blood sugar will shoot up. It will make stressful situations, worse than ever. Poor eating habits or eating like a glutton are caused due to financial woes. Too much of eating at restaurants will blow your money and worsen your financial problems down the line.

Conclusion

Now that you know how financial problems affect your health, it is high time to take some preventive measures. If you are in debt, start repaying your creditors and change your lifestyle for a while.