Financial stress can have a significant impact on mental well-being. Worrying about money can lead to increased feelings of anxiety, fear, and uncertainty. It can also cause feelings of shame, guilt, and inadequacy, especially if an individual is struggling to meet their financial obligations. Chronic financial stress can lead to more serious mental health issues such as depression and anxiety disorders. It can also affect one's self-esteem and overall sense of well-being. Additionally, financial stress can strain relationships with others, as it may lead to arguments and conflicts about money. It is important for individuals experiencing financial stress to seek support and help, whether that be through talking to a therapist, financial counselor, or trusted loved one. Taking steps to manage and reduce financial stress can have a positive impact on mental well-being.
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Content from the October website related to the Finance & Money hub.