Many people tend to focus on their physical health, neglecting their financial health in the process. However, studies have shown that poor financial health can have a significant impact on personal health, both mentally and physically. Where do you fall? Is your financial health a priority for you?
Financial stress is a leading cause of anxiety and depression. When you struggle to make ends meet or worry about debt, you will experience increased levels of stress and anxiety. This, in turn, can lead to physical symptoms such as headaches, insomnia and fatigue. Chronic stress can also increase the risk of heart disease, high blood pressure and other health problems.
In addition to the mental and physical toll of financial stress, poor financial health can also lead to unhealthy coping mechanisms. For example, someone who struggles with debt may turn to unhealthy behaviors like smoking, drinking or overeating to cope with their stress. These behaviors can eventually lead to a host of health problems.
Can poor financial health limit access to healthcare, healthy food options, and other resources that promote good health? Yes. If you struggle to make ends meet, the likelihood of delaying seeking medical attention or skipping necessary medications due to financial constraints increases. This can result in untreated health conditions and increased health risks.
By taking steps to reduce debt, create a budget and consistently save money, you can reduce your stress levels and improve your mental and physical health. Seeking financial counseling or education can also be helpful in developing healthy financial habits. Check out our tips on smart money planning.
Prioritize your financial health and take steps to improve it, if you haven’t done so yet. You’ll notice the impact on your stress level and improvement in your mental and physical health, all of which lead to a happier, healthier life.