Take control of your financial health
- Life Health Solutions
Tips to manage debt and financial anxiety. According to the National Credit Regulator, 40.5% of credit active individuals have an impaired credit record.
This means that, potentially, four out of every 10 employees are three months or more in arrears with debt repayments.
Taking control of your debt can feel like an uphill battle, leaving you feeling overwhelmed and stressed. The following articles from Life Health Solutions provide practical strategies and expert advice to improve your financial wellbeing and fostering a healthier relationship with money. Read more on how to manage debt.
How to identify financial anxiety
Financial anxiety is a common issue that affects many individuals, often taking a toll on mental well-being.
Financial stress manifests through various behavioural and emotional signs. According to Xolani Manzini, tele-clinician at Life Health Solutions, common indicators include:
- Disagreements with close ones about finances
- Headaches and physical ailments
- Irritability and mood swings
- Insomnia and sleep difficulties
- Withdrawal from social interactions, especially with those perceived as financially better off
- Guilt when spending money
- Delaying necessary healthcare due to costs
These symptoms often become overlooked as individuals focus intensely on their financial troubles, says Manzini. He adds: “The intrapersonal conflicts that arise can make individuals feel like their happiness is directly tied to their financial situation.”
Read more about the impact of financial anxiety and how to healthy habits can save you money.
Consult a professional
No matter where you are on your journey, it’s vital to seek the help of financial professionals. Whether that’s a financial coach or a qualified financial planner, it’s important to check in to ensure you are guided and motivated along the way.
For confidential advice and support on various wellness matters, call Life Health Solutions, the staff wellness partner on the following:
Tel: 0800 004 770
SMS 31581 and a Life Health consultant will call you back
Email: ewp@lifehealthcare.co.za