Can debt affect your mental wellbeing?
Recently, there have been media stories about people struggling with debt and money problems, and the actions they resorted to, out of desperation. Making ends meet puts incredible pressure on people and the Debtfix Crew knows how rough the last couple of years have been with pandemics and price hikes.
No matter what, money problems should not become health problems, but we know they do. If you are being swallowed up by uncertainty, stress and sickness – get help, now.
The Debtfix Crew are devastated when they hear people are suffering with problem debt, whether it affects their physical and mental wellbeing, or even leads to criminal activity. There is always a solution and Debtfix will find it for you.
The anguish caused by debt is clearly identified in the annual Debtfix wellbeing survey. In the 2021 survey, 53 per cent respondents reported they were not happy with their mental health when they first contacted Debtfix. Only 24 per cent of respondents were happy with their mental health.
In comparison to 2020, respondents weren’t quite as unhappy, with 43 per cent of respondents reported not being happy with their mental health.
The good news is that once people were working with Debtfix to address debt, they reported they were happier with their mental health.
In both years, there was a shift resulting in 57 per cent of respondents reporting they were happy with their mental health after we threw them a life ring. That’s a great turnaround for everyone and evidence Debtfix does make a difference.
There’s a saying by businessman, Warren Buffett: “Only when the tide goes out do you discover who's been swimming naked.” He means, we never know who is financially stable until times get tough, as they are now in our Covid economy.
Here’s the heart-breaking words of Nienke Podmore about her high-achieving daughter, cyclist Olivia Podmore, talking on RNZ.
“She was lucky enough to be boarding with someone and paid board at a lesser rate, but she was certainly running out of money all the time and the pressure of not having money was constantly there. Yeah – having to work part-time as well as being a fulltime athlete and having to perform was certainly a lot of pressure they don’t kind of need.”
Money can get on top of all of us at times. If you feel like you are drowning in debt then contact the Crew at Debtfix.
Here are some useful links that you may find beneficial:
Need to talk? Free call or text 1737 any time for support from a trained counsellor
Lifeline – 0800 543 354 (0800 LIFELINE) or free text 4357 (HELP)
Suicide Crisis Helpline – 0508 828 865 (0508 TAUTOKO)
Healthline – 0800 611 116
Samaritans – 0800 726 666
SPARX Online activities designed to help young people cope with negative thoughts or feelings.