How to deal with financial distress?
1. Track expenses and create a realistic budget to get your finances in order. Seek debt counselling if needed.
2. Reduce unnecessary costs, but don’t compromise on essentials such as medical care. Seek assistance programs.
3. Find additional income sources and resources through collaborations, investments and freelancing.
4. Communicate with creditors directly to discuss payment plans and options. Avoid ignoring the issues.
5. Practise self-care through healthy habits and support systems to manage stress levels. Don’t isolate yourself.
6. Get professional help from a therapist if financial strain leads to depression or suicidal thoughts. Your life has value.
