Its no surprise that debt can have a major impact on your mental health. Your balance, the accumulating interest, making monthly payments and even the circumstances that put you in debt in the first place can all take a toll on how you feel about your finances.
According to a survey by Bankrate, 52 percent of Americans surveyed say money has a negative impact on their mental health.
While its clear that finances have an impact on mental health, the opposite is also true. Your mental health can impact your finances, for better or for worse which is why its crucial to manage your debt and your mental wellness and understand the role each has to play in your life.
How debt impacts your mental health
Debt can have an impact on every aspect…
Read the full article at: https://www.bankrate.com/personal-finance/debt/mental-toll-debt/