Financial stress is making us mentally and physically ill. Here’s how to cope

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Mental Health News

Angela Fontes,Financial Health Network,Health

The latest research on the connection between money and the mind finds our finances even take a toll on our physical health. It’s a vicious cycle.

Years ago, I received a surprise in the mail: a $500 bill for a recent X-ray. I was earning an entry-level media salary at the time , and the shock of having to figure out how to cover an unexpected expense sent my pulse racing with anxiety and my head pounding with stress.since the American Psychological Association began running its annual Stress in America Survey in 2007; it contributed to what the” risk in 2020. At the time, Americans were grappling with the coronavirus recession.

She says seeing a financial therapist to discuss things like money beliefs and spending patterns can help you navigate your emotions so they don’t take a toll on your mental and physical health. “People can change their thoughts, feelings, and behaviors with money, putting them on the path to a better financial situation,” she says.

That might look like sitting down and reviewing your money once a week or examining your savings and investment accounts to see if you can tuck away another $10 a month, Fontes says. Experts explain what types of stools aren't normal and how to tell if something unusual could be a sign of a more serious problem.

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