Financial Loss Depression/ Losing Income
Do you feel depressed because of losing a large amount of money? Losing income can be challenging for many people, causing significant financial loss depression. Losing money can affect the mental health of people, affecting their relationships and their families. You might be wondering how does money affect depression?
If you are worried about money, you are not alone. Many of us are having to deal with financial loss depression. We will see how money affects depression.
Feeling down by money worries can affect we will see how money affects depression.
How Does Money Affect Depression?
- redundancy or retrenchment
- loss of a job
- large investment losses
- loss of retirement income
Feelings Associated With Financial Loss Depression
InsomniaWhen you have financial problems, you might be having difficulty in getting a good night’s sleep.
Weight Gain or LossWhen you have financial problems, this might cause you to put on extra weight or reduce weight. Stress can interfere with your appetite. It could cause, causing you to anxiously overeat or forego skip meals to save the limited amount of money that you have.
DepressionWhen you have financial difficulties, you might be this might cause you to put on extra weight or reduce weight.
AnxietyWhen you have financial problems, you may feel vulnerable and anxious. You might be worrying about unpaid bills or loss of income which can trigger anxiety symptoms such as a rapidly pounding heartbeat, sweating, shaking, and even causing panic attacks.
Relationship DifficultiesMoney is one of the issues that couples usually argue about. Financial stress can make you angry and irritable, cause a loss of interest in sex, and wear away at the foundations of even the strongest relationships.
Withdraw From SocietyFinancial worries cause you to withdraw from friends, reduce your social life, and retreat into shell, which will only worsen your stress leve.
Ways to Cope With Financial Loss Depression
Do Not Take Any Impulsive ActionsOne of the ways to cope with financial loss depression is not to take any impulsive actions. When we are faced with problems, it is natural to want to take less thought out, impulsive actions to sort these issues out as soon as possible. It is only human to sometimes give in to your feelings and emotions and resort to impulsive actions. , be it to run through all your savings, withdraw all possible investments or mortgage remaining assets.
It is best to know Know that it is not a good idea to take impulsive actions. action in the heat of the moment. Just taking the time to cool and gather your thoughts horses, letting the things and swirling emotions such as anger, despair and unhappiness settle in your head will help you make better, well-thought-out long-term decisions.
After Once you have found a way to manage cope with your emotions, take time to assess take stock of the situation with a clear in a and rational mind manner. Take time to Assess gauge the extent magnitude of the loss, clearly understand what needs to be done it