We all know that wanting for money can make us feel pretty bad. When your credit score is negatively impacted, again, that feeling of not being able to dig yourself out of the hole can impact your frame of mind. This is something that needs to be addressed, and while saving money is the ultimate goal, it's not always feasible, and so it can impact your mental health. So for those people who struggle with their mental health, but also struggle financially, are there ways to save money without it having a negative impact on you mentally?
Reduce The Temptations
If you are prone to making impulse buys you can do little things to reduce the temptation. For example, if you shop online, the browsers can remember your card details, making the process far easier. Removing the auto-filled information by clearing your cookies could give you that couple of seconds breathing space to realize you were about to make a very foolish purchase. If you have issues with credit cards, do you want to get rid of them completely? While there are credit restoration resources available, if it's put you into a spiral of spending, it's better to identify and remove the source.
Research Professional Help
We don't bother looking for help a lot of the time because we think it's useless. But there are things out there that are helpful. While you might go to the Citizens Advice Bureau, they can always point you in the right direction even if they can't solve your issues yourself. Even your creditors might be able to give you a solution so you're not paying as much money back every month, which does prolong your payments, but can give you that breathing space right now so you can get into the right mindset.
Budgeting Can Empower You
We can feel helpless when we are so stressed out about money and there's no way out, and this is where it's time to take the law into your own hands. Looking at your lifestyle is the first step to getting together a budget that is workable. The word “budget” sets off alarm bells in so many people, because they think it's going to involve going without the essentials. But by taking a proper look at your finances, and making small, but manageable, sacrifices, this may give you the empowerment you need to get your life back on track. Something as simple as changing your perspective can have a wide-reaching impact. For example, that coffee every morning that purchase en route to work may feel essential, but it'll be much cheaper for you to make one at home and take it in. Because if you add up how much that one coffee amounts to over the course of a year, your jaw will drop!
If you feel your finances negatively impact your mental health, it's not something you should live with, and it's time for you to take the power back. Nobody deserves to live in such a negative frame of mind, but there are ways to save money without you feeling horrible as a result.