Health and money: 3 areas of your life that are affected by bad credit — Hometown Station | KHTS FM 98.1 & AM 1220 — Santa Clarita Radio
What’s the old adage? Money cannot buy happiness. It may be, but a lack of money, especially excessive debt and bad credit, can certainly aggravate or even cause many health problems.
Your credit score, and especially bad credit, can affect your mental health, physical health, and state of mind. For example, a study by the George Washington University School of Business and the Global Financial Literacy Excellence Center found that 65% of women surveyed felt anxious about their personal finances and debts. Another Duke University study found that low credit ratings could be used to predict the potential risk of cardiovascular disease.
Why is financial health important
Maintaining financial health is important for several reasons. Bad credit can make it difficult to get loans or get good interest rates. Some consequences of bad credit include higher monthly payments and more financial stress.
Also, bad credit can make it difficult to rent an apartment or get a job. Landlords and employers often check credit scores as part of the application process, and a low score can be a red flag.
Finally, financial problems can put a strain on your personal relationships and your health. Money problems are one of the main causes of arguments and divorces.
Below are three major areas of your life that are affected by bad credit.
Weight: eating under stress can lead to obesity
When people worry about money, they often turn to food for comfort – eat stressed! This can lead to weight gain and obesity. A major problem is that people often use their credit card to buy unhealthy foods when they feel stressed or anxious.
Recommendation: It’s important to make healthy food choices, even when you feel overwhelmed or stressed. Eating healthy foods like fruits, vegetables, lean proteins, and whole grains will help keep your body healthy and strong.
Mental Health: The Link Between Bad Credit and Depression
Money is often seen as a safety net. People with bad credit can feel stressed, anxious and depressed about their situation. It can further lead to problems in relationships, at work, and with overall quality of life.
Recommendation: It is important to take time for yourself relax and de-stress, and find ways to cope with the stress of bad credit. Eating healthy foods like salmon, berries, dark chocolate, and leafy greens is great for boosting your mood.
Physical health: bad credit can increase blood pressure
When we are stressed, our blood pressure tends to increase. Making healthy food choices can help reduce your risk of high blood pressure.
Recommendation: Including beets, flax seeds, raisins and walnuts in your diet is a good start. Avoiding processed foods and limiting your salt intake are two other great ways to control your blood pressure.
How to Overcome Unhealthy Money Habits
There are several strategies you can follow to boost your mental and physical health:
- Work on improving your credit score. There are a number of steps you can take to improve your credit score, such as paying your bills on time, maintaining a good credit history, and using a credit monitoring service.
- Make sure you have a healthy diet. Eating nutritious foods can help improve your mood and fight depression. Some healthy foods to eat include fruits, vegetables, whole grains, lean proteins, and healthy fats.
- Get enough exercise. Exercise is not only good for your physical health, but also for your mental health. Exercise releases endorphins, which can improve your mood and help fight depression.
- Practice meditation. There is a lot of benefits of meditation, including stress reduction and improved mental clarity. And you’ll likely notice an improvement in your mental health and overall well-being, too.
If you’re struggling with bad credit and its side effects on your mental health, don’t hesitate to seek help from a professional therapist or counselor. But remember that there are steps you can take to boost your own mental and physical health, such as exercising, eating healthy, and meditating. It is also important to take time for yourself to relax and de-stress. Remember, you can’t pour from an empty cup.
Are you feel the weight of financial stress? A few small changes as shown in the infographic can make all the difference.