As one of the top sources of stress in Australia, Financial stress is unfortunately all too common, and it affects different people in different ways. Financial stress can affect your relationship, mental health and even your physical health! Therefore, when you’re dealing with the burden of unmanageable debt, it’s important to “nip it in the bud” before it spirals out of control.

o   Some of the key signs and symptoms of financial stress include:

- Missing repayments, late or overdue bills, maxing out your credit card or overspending your limits and not being able to get on top of the debt.

- Arguing about money with your family or lashing out/losing it over little unrelated things, or the opposite – hiding the truth of your current financial situation from them.

- Intense and/or persistent negative emotions, such as feeling on edge, angry, anxious, fearful, moody, depressed, sad, having generally low energy and/or panic attacks.

- Physical symptoms such as nausea and digestive problems, muscular tension or muscle twitching, physical aches and pains, chest pain or a racing heart, high blood pressure, headaches, dizziness, shaking, and trouble falling or staying asleep.

o   Fortunately for those living in Australia, even if you are so “in over your head in debt” that it feels like it will take you the rest of your life to pay it off – the good news is that there are legal options that can take the stress out of being in debt! Did you know that Australian Bankruptcy law was designed to protect those who are facing insolvency? Of course, going through personal insolvency is not without consequences, but it can definitely reduce the burden of stress you experience s a result of being in debt. Want more information about debt solutions that can reduce the amount of debt you are liable for? Contact us on 1300 781 850.

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