Dealing with Depression over Money Worries
We all know the phrase that money doesn’t grow on trees, and as you become an adult with more responsibilities, don’t we feel the weight of that statement?
In American Psychological Association's podcast, Speaking of Psychology: the Stress of Money with Linda Gallo, they discuss this topic in more depth. Linda Gallo, PhD, discusses the stress and some depressive symptoms that others experience when it comes to money concerns such as headaches, difficulty sleeping or concentrating and more. A survey in 2014 stated that about 72% of Americans reported feeling stressed about money at least some of the time in the past month.
Depression can be something difficult to wrap your mind around when it comes to something you feel is so important to live and be able to get around as an individual. There are plenty of different backgrounds and other socioeconomic factors that need to be considered, however I want to just bring to light some recommendations to help alleviate your mindset towards this.
Tips on Money Worries:
Take Inventory - Grab a notebook and dive into your accounts to see what you need to pay for bills, what you currently receive in salary and what items can be exed out currently to help improve your situation
Budget with a plan - Utilize your inventory of bills and review where you can set up automatic payments out of your checking account and where you can save more pennies in certain areas.
Talk to someone - Whether it is a family member, a trusted friend or a financial advisor; find someone you can speak to about your financial needs and gain clarity on what you can do to improve where you are and what goals are attainable.
Self-Care is a must - In order to maintain a healthy lifestyle, it’s encouraged to manage your stress in other ways like moving your body in whatever way you feel is good for you to relieve stress.
So what I want you to take away from this is; allow yourself the time to ground yourself if you are feeling overwhelmed before reviewing your financial inventory. If you feel that you need assistance from someone, there are community or religious organizations that you can reach out to as well to get some necessities such as food, home items, some gift cards to a Walmart or grocery store to buy what you need; choose whatever is most comfortable for you when seeking support. If you are able to get in touch with a therapist who can help you figure out your goals, what you have and what you are looking to accomplish as well, that could be beneficial.
If you want to speak with someone regarding your financial situation or struggles that might impact your personal well-being, our team is ready to help. Whether online therapy, in person at our Arlington, TX base therapy office, or through group therapy, we have options to meet your needs. Connect with a member of our team today.
