Monday, January 30, 2023
dhgate
HomeFinanceConsequences of Bad Credit: Creating a Financial Self-Care Routine

Consequences of Bad Credit: Creating a Financial Self-Care Routine

We all know how important self-care is. Taking care of our physical and mental health, making sure we have a balance of time alone and time with friends, all the things that are most important to us. But what about finances? 

The Weight of Financial Stress

There are no good consequences to bad credit. We all know that. But did you know just how far the consequences go when it comes to financial stress? 

Marriage Struggles

Studies show that finances are one of the main sources of argument and tension in a relationship. A study by the National Library of Medicine showed long-term mental and physical health issues for both parties of the relationship when financial stress was allowed to linger. 

Physical Illness

Stress is well-known to cause things like migraines, high blood pressure, heart disease, stomach issues like ulcers and weight fluctuations. 

Mental Health Struggles

Financial stress can quickly create a cycle that leads to poor mental health, depression and anxiety, which can in turn lead to even less ability to take care of finances. 

To see a list of the top 10 consequences of bad credit and the best ways to tackle them with simple, easy to implement actions, check out this guide by CreditNinja.

Breaking the Bad Credit Cycle

Implementing a 30 minute self-care routine each week where you focus on taking care of your finances will empower you to take back control of your money and your life. 

Take some time to ask yourself a few questions. What kind of limiting beliefs might you have about money? How did my parents handle and talk about finances when you were young? How do you talk to yourself about money? 

These answers will give you insight into why you might do the things you do and give you keys to how you can move forward and change things for the better. 

Take a look at the infographic below for 12 great tips on how to implement your own financial self-care routine!

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments