Financial debt is hurting our wallets—how to keep it from affecting our health, too
In a recent survey conducted by Bloomberg and The Los Angeles Times, 56 percent of Americans said that the top issue for this year’s presidential candidates should be the nation’s economy, more so than other issues such as the environment, illegal immigration and terrorist attacks. Given the current state of the U.S. economy—home foreclosures rising 48 percent since last year, unemployment up by 5.5 percent, etc.—it’s no surprise that financial woes are at the top of the list. What’s more, Americans are increasingly beginning to feel the impact a troubled economy has on their health.
A new survey conducted by the Associated Press and AOL Health shows that the stress accompanying financial debt can take a huge toll on our bodies. The AP/AOL survey found that 27 percent of people who reported overwhelming debt have also suffered from ulcers or digestive tract problems. Additionally, 44 percent of those in debt have suffered from migraines, 6 percent reported heart attacks and a staggering 29 percent have experienced severe anxiety.
Fortunately, there are a variety of ways to lessen the stress that comes with financial problems. First, remember that you’re not alone, and there are ways to get yourself out of debt. Check out these Do’s and Don’ts for managing your stress—and your bank account.
Do: Exercise regularly Regular exercise helps to relieve tension in your muscles and improves blood flow to your brain. It can also help you sleep better by reducing the amount of stress on your body. Groups like the American Medical Association have even begun recommending that exercise be prescribed for all patients. Just think of the effect it will have on your waistline as a bonus.
Don’t: Be afraid to say no Often, we face pressure from our friends and family to spend more than we should. Decide on a weekly budget and stick to it. When planning outings with friends, look for free or inexpensive options, such as picnics in the park, or a board game or movie night.
Do: Take up yoga This holistic approach is great for settling the mind, improving your health and relieving stress. Look for discount group classes in your area, or buy a tape and practice in your living room. Yoga can be an inexpensive way to let go of financial stress. Click here to read more about popular yoga myths, yoga types—such as “hatha” (helps you balance positive and negative energies) or “vinyasa” (focuses on internal cleaning)—and how to get started.
Don’t: Overspend on unhealthy habits Expensive habits like smoking and drinking negatively affect your health and make saving hard. Although it may prove difficult, try quitting; and limit your alcohol intake. Use the money you save for more healthy treats. For tips on how to quit smoking, click here.
Do: Treat yourself Financial debt is difficult to overcome, but there’s no better motivation than setting goals and treating yourself once you accomplish them. One great way to save money: try eating dinner at home all week. Then treat yourself to a meal out on the weekend.
