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Life is full of many stressful things. Perhaps two concerns at the top of the list are the need for financial stability and struggle with personal wellness. It may or may not come as a shock to you, but financial security and mental health can be closely linked.
Individuals who feel their money is out of control can easily slip into depression and anxiety. Likewise, people who struggle with mental health problems can have serious issues managing their funds due to their disorder and subsequent related behaviors.
As hard as the cycle can be to break, there are ways to regain control of both areas of your life. Finding financial security can give you peace of mind and make you feel safe so you can work to keep your mental health as great as it can be. The first step is realizing how everything is connected. Let’s explore just a few ways your financial stability can lead to improved mental health and peace of mind.
Having stability allows you to seek help.
When you have extra money or comprehensive insurance for your health, you have the ability to seek help for your mental health problems. Whether you’re dealing with substance abuse, racial trauma, bipolar disorder, or an anxiety disorder, a psychologist can help you recover. WithTherapy allows you to form close relationships with your therapists who will provide effective treatment to help you deal with mental health challenges. Unfortunately not every insurance provider takes mental health care as seriously as physical health. Having the financial means to seek treatment can make all the difference in improving your personal wellness.
You can afford to plan for emergencies.
When you’re living paycheck to paycheck, unexpected accidents or costs can crush you. You can spiral and completely panic about how you will pay for a hospital visit, property damage, or a car accident. Having money allows you to have a safety net as well as afford comprehensive insurance that will include collision coverage and medical expenses. Even if you’re involved in a car accident where you hit a new vehicle full of injured young drivers, your compulsory third-party insurance from a trusted car insurance company will help cover costs. After all, that’s what auto insurers are for. With CTP insurance and other insurance coverage you can afford, you don’t have to stress or worry when you’re on a public road with other uninsured drivers. You’ve got yourself covered.
Shame or confusion can accompany financial hardship.
Not feeling stable financially can cause a lot of confusion and even shame. Your life may feel out of control like you’re constantly trying to catch up. If you can end that cycle of emotional abuse toward yourself, you can retake that control and stop living with this blanket of stress and shame around you. Financial stability allows you to take back the reins on your own life.
It’s hard to focus on the decisions you need to make.
On the flip side, if you’re constantly struggling with trauma or anxiety, you’re going to have a difficult time focusing on responsible financial decisions. Someone suffering from depression or bipolar disorder may have a hard time even getting out of bed in the morning. If that is the case, how can you be expected to make smart decisions about money or plan for your future?
Financial security allows you to invest in fun.
Having money isn’t just about being able to afford treatment, insurance, and other basic needs. When you‘re financially secure, you can afford to splurge every once in a while. You can invest in fun again. You can afford to treat yourself to a day out or a fancy dinner. Whatever your personal preferences are, you can spend your extra funds on things that make you breathe a bit easier. These little things can greatly improve your mental health and make you feel more fulfilled overall.
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This content is brought to you by Sonia Iqbal
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