What is the debt and its problem

People in debt are also often stressed: they are more likely to be worried, distracted, often upset, and have difficulty concentrating for longer.

People in debt tend to restrict their social life and isolate themselves from others. Stress has such a devastating impact on relationships with friends, colleagues and family. This is hardly surprising: if you have financial problems, you avoid activities with friends because you don't have the money for movie tickets or a cup of coffee in the café. Many are also ashamed of their helplessness.

Debt Stress: The Most Common Responses

A common way for indebted people to avoid the stress of debt is to avoid the topic altogether. They ignore any information about their debts and in many cases have no idea how much it really is. They don't want to see the problem, so also avoid talking about it - not even with people who are close to them. The household budget is becoming a sensitive issue, even a taboo. Some also avoid opening mail from their creditors - that is, from banks and other financial institutions such as receivables managers. You don't answer the phone trying to convince yourself that the problem isn't there. However, this behavior is very myopic. The long-term consequences are obvious: The mountain of debt continues to grow (through interest, service fees, enforcement proceedings) and the person concerned misses the chance to solve the problem amicably, for example through a repayment agreement that allows the sum to be divided into several installments.

Another type of reaction is concentrating on emotions: evoking an apocalyptic mood or the exact opposite - unrealistic wishful thinking - often intensifies the stress even more and can keep it at a very high level in the long term. Self-pity or fear of the future are particularly dangerous. Often these feelings cause negative thoughts, which feel like overwhelming facts for the person concerned, although they are incomprehensible to others. For example, those who suffer from their debt problems may think “Nobody can help me!” Or “I can never do that!”. Such thoughts are called "automatic thoughts". They make negative moods worse and can cause persistent anxiety and deep depression. It is therefore an important first step to become aware of your harmful thought patterns.

Check How You Think About Your Problems:

1. Are my thoughts based on indisputable facts? How do others perceive my situation?

2. Is the way I think that is best for my health and life?

3. Does my mindset help me achieve my short and long term goals?

4. Does it provide good protection against unnecessary conflicts?

5. Does my mindset make me feel better?


How can you help yourself quickly?

You have only limited influence over facts and the situation that is bothering you. However, it looks very different when it comes to how you think about it. Work on your thoughts because they have a huge impact on how you feel.

If you feel like life is trying to bring you to your knees, do some physical activity or do something that you enjoy. This creates a great outlet for your stress and makes negative thinking easier to overcome. In difficult situations (not just financially) you shouldn't indulge in sinister problem thinking. You mustn't let thoughts like that rule your life. Nature has given us many ways to deal with our emotions, for example through crying, screaming or even physical activity. The latter is certainly the best method. But it is not easy to convince people who are constantly brooding over their situation that they should bring themselves to do it: Not everyone who feels stressed feels like going for a walk, getting on a bike or just doing it to clean up. But all of these activities can help stop your thoughts from constantly revolving around your problems. Those affected would be able to forget their worries for a moment and concentrate on pleasant things.

Engaging in activities that you enjoy also stimulates your body to produce endorphins - hormones that act like natural pain relievers and help you relax. Even if we are in trouble (or maybe just then), we should make sure that we create feelings of happiness or even small everyday joys, and not give in to the urge to deny ourselves these and thus additionally punish.

Avoid "Abbreviations"

A bad reaction to stress is to find “shortcuts”. That is, instead of addressing the cause, just tackling the symptoms, for example by taking chemical substances to make yourself feel better. Some people also tend to take various medications and supplements that are touted as cures for symptoms of stress. An even worse solution is to try to improve your frame of mind with alcohol or drugs.

Concentrate on finding solutions!

Make sure you focus on finding solutions to your problem, not the problem itself. Try to put a little bit of distance into your situation. Also, try to assess the extent of your problem, what you can do about it, and where to go to seek help and support. Of course, this requires finding the courage to fight against your inner resistance, fear, and shame. But at the same time, it helps you focus your attention and energy on taking action. For example, a sober consideration of the situation is a good basis for drawing up an action plan. Even if the debt will stay with you for a long time, it is much healthier to take action and look for solutions. So do what you can to bring the situation and your life back under your control.