When you’re in debt, it’s easy to feel overwhelmed and down. If this is the case for you, it’s really important to find support from those who you feel comfortable in reaching out to. Here are a few suggestions;
Family and friends
Dealing with debt isn’t a problem you have to face alone. People are often left feeling embarrassed and ashamed of their financial situation. Ignoring the problem and distancing yourself from family and friends will only worsen the situation. Money can be a sensitive and private topic for most people, but hiding your financial troubles from a spouse or close family member can lead to further problems. The chances are, the people close to you will be supportive in helping you get out of debt.
If you don’t feel comfortable about opening up to a family member you can contact a financial consultant. They will keep all of your financial details confidential and can contact your creditors on your behalf. They will also provide you with the possible solutions to rectify your current financial situation.
If you have found yourself in unmanageable debt, it can have a negative impact on your mental health. This situation can be extremely stressful and can take time to get yourself back on track. If you’re experiencing any kind of physical or mental abuse because of your financial situation, call the Lifeline 24-hour service 131 114.
Unemployment can exacerbate your financial situation and cause you further stress. An informational booklet is available from Beyond Blue: Taking care of yourself after losing your job. Alternatively you can call their support network on 1300 224 636. If you’re experiencing any kind of physical or mental abuse because of your financial situation, call the Lifeline 24-hour service 131 114.