Written by: Nick Bregozzo
Debt affects all aspects of our life that impacts the mental and physical well-being of individuals.

Debt stress can cause serious medical conditions, including high blood pressure, weight gain, migraines, anxiety and depression. When people are stressed, they often deal with their stress in unproductive ways.

Debtors may try to escape their problems through alcohol, drugs or gambling and other destructive behaviours. Stress can also cause debtors to lose interest in or motivation to maintain positive behaviours, such as spending time with friends, exercising, getting enough sleep and eating right.

Destructive behaviours like these can also damage interpersonal relationships. Money problems a can also affect a person's ability to perform at work. Financially distressed workers may often take time to speak with co-workers about dealing with financial problems, field phone calls from creditors, pay bills, or speak to a lender about a new loan on company time.

Because of the physical stress associated with debt, financially strained employees often take more sick days than their co-workers, further exacerbating workplace productivity problems. Financially distressed workers reflect a number of negative job productivity factors including:
1.… …  … increased consumption of alcohol;
2.… …  … difficulty concentrating on the job;
3.… …  … continual feelings of fatigue;
4.… …  … increased sense of irritability;
5.… …  … negative views of peers, clients or the organization;
6.… …  … loss of confidence in personal abilities;
7.… …  … feelings of hopelessness; and
8.… …  … general feelings of apathy toward work that was once considered challenging and exciting.

7 Steps to deal with debt problems
1.… …  … So what’s the best way to deal with Debt Stress? My advice is to face it head on and don’t disregard the situation and hope it goes away. In my experience, problems tend to escalate if left unattended and when it comes to debt problems, this is most certainly the case.

2.… …  … Debt problems won’t fix themselves and often professional advice is needed to bring clarity and perspective to the issue. Much like a doctor would diagnose a complaint and suggest treatment for the symptoms, so too can a debt management specialist examine your situation and suggest corrective action. Like medicine, corrective action may taste unpleasant but is necessary.

3.… …  … In such circumstances, one should do away with pride and accept assistance before it’s too late.

4.… …  … The number one cause of relationship breakdown in financial woes. Couples should devise a way where they can openly communicate matters of household finance. In this way, one doesn’t carry the burden of responsibility all themselves and the other doesn’t harbor feelings of resentment for having been left in the dark.

5.… …  … The household budget should be analysed and discussed on a regular basis. Financial needs need to be placed before financial wants and priorities and boundaries need to be set. A savings fund should be established, and a contingency fund should also be set up so the family becomes less reliant on credit.

6.… …  … If couples approach the financial needs of the household together as a team with a common goal, the problem all of a sudden becomes manageable.

7.… …  … If you recognize that the stress of the situation has led you to develop destructive behaviors you need to seek professional counseling from a registered organization.

Credit cards are convenient and handy and have worked themselves into society’s fabric. Like anything though, the key to being in control is moderation and living by the old saying that cash is king.