Ever heard of the phrase ‘Prevention Is Better Than The Cure’? It can apply to many things in business issues but none more so than your health. If you have money worries they can negatively affect your health, so you’ll most likely visit your doctor for treatment. Whilst they can prescribe all sorts of pills and potions to treat the symptoms, they can’t take away your financial woes. This is where a financial planner such as andep.com.au comes to the rescue, as they not only ‘cure’ many of your financial woes, they can prevent any further deterioration.
The negative impact on health caused by money worries is well documented. There are several physical, and psychological ailments that worrying about your finances can produce. Here are four of the most common.
Chronic Stress: Stress can be the catalyst to a whole catalogue of illnesses, and in recent years its impact on health has become more and more obvious. Stress can lead to eating disorders, heart conditions, respiratory conditions, upset digestive system and low immunity. Nothing will reduce your stress more than allowing a financial planner to assess your finances and create a sensible workable plan to get everything manageable for you.
Depression: Not being able to see any way out of the financial hole you are in can lead to serious depression. This can be magnified when you have children, for whom you feel unable to provide for properly. At its extreme, depression can bring suicidal thoughts so seeking help is essential. Instead of being depressed about money worries, a financial planner can give you hope that there is a way out the situation you are in.
Fatigue: Trying to cope with money worries can be draining, both physically and mentally. In addition, one of the ways you might have tried to improve matters could have been to take on a second job or work more hours. There is nothing wrong in this as such, but if they mean a significant lack of rest or sleep, added to worrying about money, your health can deteriorate. With the help of a financial planner to look at ways of reducing your outgoings so that the need to work so many hours is removed.
Eating or Digestive Problems: There are many instances of money worries leading to the person worrying having an eating disorder. Gorging on comfort food, or in the worst cases bulimia nervosa can occur. On a lesser scale, you could become prone to bouts of indigestion caused by stress and your blood sugar levels can even be adversely affected.
A financial planner does not have a magic wand, so they will not be able to instantly make all your financial issues disappear. However, they can provide you with much-needed support and reassurance that matters are not a bad as they seem and can be improved with some simple but effective adjustments to your finances. In doing so, the reduction in stress both physically and mentally you experience will certainly prevent many of health issues, that you’d otherwise need a doctor to treat.