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Debt does not just have an adverse impact on our finances, it has an adverse impact on our health and wellbeing, too. Yes, debt can and does impact much more than just our wallets and purses, it impacts our emotional state.


But, there are ways to cope with the emotional effects of debt, and there are ways to then beat them once and for all once they have been coped with and dealt with. To see just how this can be done, make sure to read on.




As is the case with any sort of trauma in life, the first emotional effect that debt will hit an individual with is denial. Whether it be denial that the debt situation is not as bad sit seems, or not as bad it can be and is therefore okay. Whether it be denial on an individual’s part that they would never allow themselves to be in debt, despite their unpaid bills, so they think that they can’t possibly be in debt. Or whether it be denial in regards to thinking that the consistent use of credit cards is a healthy thing to do, despite the trouble they have already caused. Whatever the denial be, and whatever excuses might be made in regards it, this denial is born of the debt itself. And only once you realise that that is the case and then accept it to be the case can you then begin coping with the debt.


To do this, first of all you would have to pinpoint the actions that you believe are a demonstration of the denial on your part; this denial will typicalyl come in the form of the leaving of bills unopened, not taking how much money you owe seriously and adopting a definitively ‘YOLO’ type of attitude. And then, once pinpointed and once these remonstrations on your behalf are made real, you will be well on your way to beating your infliction because, in order to cope with any sort of denial, it first needs to be made real.


And then, once coped with in this sense, you can begin fighting your denial. This could mean simply opening your debt letters up, or taking your owed amount of money seriously, or deciding that your financial future is just as important as your present and therefore your ‘YOLO’ attitude needs banishing. Or this could mean actually confronting your debt and actively beginning to pay it or off, or getting to the bottom of what it is that makes you spend so much.


Whatever you do, just admit that you are in denial, make the denial and the problem real, and give yourself the best possible chance of beating your debt situation going forward.


Anxiety and stress


The stage after denial is anxiety and stress, and even though this is not a nice stage to confront, it is still a stage that you must seek to cope with and ultimately beat. Yes, once you stop denying the debt that you are in and begin realising the magnitude of the situation, anxiety in regards to how much you actually owe will set in and then stress that you actually owe it will come piling on top. And, the best way to deal with this anxiety and stress is to make active movements in regards to dragging yourself out of the debt altogether and to get help dealing with the stress of debt. Only by doing these things will you give yourself the positive reinforcement needed to give you the importance to beat the anxiety and stress induced by your debt.


In regards to this, the first thing that you should be doing is making sure you are paying off more than your minimum repayments each month — you need to be doing this because this will keep your creditors and your lenders happy, and when they’re happy they won’t be adding to your anxiety by bugging you via letters, calls and emails in regards to your debt. The second thing that you should be doing is drawing yourself up a budget in order to pinpoint if you are spending money in the wrong places and where you are spending this money — by doing this you will not feel as stressed when you draw closer to your debt repayment dates.


Debt is real, and the pressure of looking after your family’s financial future is real, too. But, you can beat the denial, anxiety and stress caused by these financial plights by simply owning up to them, embracing them, making them real, seeking help in regards to them and then doing all you can to pull yourself out of the debt that you plunged yourself into.