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Financial stress can take a physical toll

Stress is a normal part of most people's daily lives. However, chronic stress can become a serious problem when it results from financial difficulties. Like people throughout most of the country, many residents of Washington, D.C., are dealing with unemployment, debt and other financial setbacks. Ongoing stress stemming from money problems can cause further financial difficulties and even physical problems.

In fact, states Web MD, severe stress can result in such health issues as chronic pain, anxiety, depression, ulcers and even cardiovascular problems. Medical professionals caution people to try to manage their stress or risk such life-threatening emergencies as strokes or heart attacks. If someone suffers from a stress-related illness or other medical incident, it can add to their financial problems in the form of medical bills and time lost from work.

Unfortunately, the leading cause of stress for people in the U.S. today is money problems. The key to reducing the chance of stress-related medical issues is to address the cause of the problem. According to Everyday Health, it is essential to take back control of one’s financial problems. Even a small improvement can have positive results in not only one’s credit rating, but overall stress as well. The following are some of the most effective ways to start improving a difficult financial situation:

  • Determine what is causing the monetary issue, such as a job loss, divorce or overspending.
  • Make a commitment to reduce unnecessary spending and to start an emergency savings fund, if possible.
  • Set up a budget and stick with it.
  • If needed, talk to a financial planner about debt counseling.

Taking the steps to fix financial problems can go a long way toward reducing stress and staying healthy. Other options, such as personal bankruptcy, exist for people who need debt relief.

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