Being in money troubles can cause or exacerbate existing mental health issues, including anxiety, PTSD, and depression. Finding yourself constantly under stress, worrying about keeping a roof overhead, food on the table, paying off student loans, or even just making minimum payments on credit card debt wears you out when it goes on month after month, year after year, with no real end in sight.
First, let’s look at the symptoms of these disorders:
First of all, if you are experiencing any of these issues, you need to seek mental health treatment immediately. It’s not a matter of “pulling yourself up by your bootstraps” or toughing it out – it’s a matter of getting the treatment and therapy you need to get a grip on your finances and future. See links below for mental health resources in Broward and Palm Beach counties.
There are no magic wands to make this go away, and you can’t rely on winning the Powerball. However you arrived in this confluent crisis of mental health and finances, you’re going to need professional help for both to get through them. The first thing you need is to organize your paperwork that documents your financial woes.
You’re going to need the following:
This list looks overwhelming, so just break it down line by line. Once you’re organized, you can start your climb out of debt by reaching out to a bankruptcy attorney.
Seeing a bankruptcy attorney is not the same thing as declaring bankruptcy, in fact seeing an attorney about your debt can give a clearer picture of how to proceed toward getting free of the debt that is keeping you in a cycle of depression and debt. Depression and money worries are a pairing that can feed off one another. Getting out of the debt can have a significant effect on reducing feelings of depression.
You may not even need to file for bankruptcy. A bankruptcy attorney can guide you into debt reorganization, or a legitimate consolidation loan, or into financial counseling that will help you get a grip on your spending while helping you to pay down debts. Bankruptcy – because of limitations on filing – is always a last resort and should only be considered when all other approaches have failed.
Well, there are two approaches to take the first one is taking care of yourself and your mental and physical health. The second is – if you have the extra cash – working on getting into better financial shape.
Get started on your road home – free of depression, anxiety, and the debt. We’ll give you the best advice we can offer in a free consultation. We’re open seven days a week in West Palm Beach and Fort Lauderdale, and – again – your first consultation is FREE.
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