How to Focus on Financial Stress & Mental Health

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It’s hard to find time to pursue big goals like improving your health or taking better control of your finances. What many people don’t realize, though, is that these two objectives can work together. Instead of putting off or choosing between these goals, you can make smart choices that improve both your physical and financial health.

Read on to learn how bettering your finances will benefit your health and how choosing less expensive options can help you eat better and get more exercise.

Reduce Financial Stress

Stress can be terrible for your health and, for many people, finances are a huge source of stress. Whether it’s an old debt that’s gone into collections, saving for the future, or just managing your monthly bills, financial worries are extremely common. Unfortunately, stress has been linked to heart disease, obesity, headaches, depression, fatigue, and other issues. That’s why reducing your financial stress could have a positive effect on your overall health.

The first step to reducing your financial health is deciding what your goals are and coming up with some concrete steps to reach them. To get started, check out these articles in our help center: How to Set Financial Goals You’ll Actually Achieve and 3 Easy Steps to Create a Budget. Use these tips to take control of your finances and cut down on stress that could be affecting your health.

If your goal is to pay off a past-due debt, consider setting up automatic monthly payments. This means no more worrying about forgetting to make payments!

Good for Your Finances, Good for Your Health

Stress isn’t the only way your financial decisions can affect your physical health. Many small decisions we make every day are tied to both our financial and physical health. The good news is that the more affordable choice is often the healthier choice too.

Just think of transportation. Many people drive almost everywhere they go and it doesn’t always save them time or trouble. Try to walk or bike to work, school, or the store. Along with saving on gas, you’ll get some exercise.

Food and drink is another area where being thrifty can be good for your health. Instead of spending money on fast food, bring a homemade healthy lunch to work or school. And when you do go out, drinking water instead of soda or other sweetened beverages will save you both some empty calories and a few dollars. These changes are small, but their impact adds up over time.

Smart choices like these can help you build a better future. Now is the time to prioritize your health, both physical and financial—and you don’t have to turn your life upside-down to do it.

Midland Credit Management empowers consumers with education and flexible payment options. Log in to your account to get started.

*Although we hope these tips are helpful to you, Midland Credit Management does not offer financial advice. If you have questions or concerns about your personal finances, please speak to a financial advisor.

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Effective as of February 7, 2023

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