How to Cope When Debt Damages Your Mental Health

So much writing about personal finance focuses on the basics, like sticking to a budget or paying off debt. The emotional toll of money, however, is often missing from the conversation. And yet money and mental health are inextricably linked, a notion that is backed by both common sense and modern psychological science, too. Consider, for example, a recent study published in the Journal of Consumer Research, which looked at how financial well-being affects a person’s overall well-being. In general, it found that the worse you feel about your finances, the worse you feel overall.

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