The Emotional Cost Of Debt: Insights From 4 Pillars In Victoria

by | Dec 21, 2021 | Financial Services

There are so many facets of struggling with debt that can impact your life. At 4 Pillars in Victoria, we often work with clients who are overwhelmed with debt. While there is always the monetary issue associated with debt, there are also many emotional costs of constantly worrying about what might happen when bills cannot be paid and mortgages and loan payments are missed.

To help our clients, the debt consultants at 4 Pillars in Victoria offer a personalized, non-judgmental approach to providing insights and education about debt management. As consultants, we provide the information and make recommendations for the possible solutions, but it is always the decision of the client which option is best for their needs.

Feelings of Uncertainty and Anxiety

Most people become anxious when they know they are in debt. They often try to hide their financial challenges from family and friends, which can actually increase the feelings of anxiety around going out, socializing with others, or even in planning holidays or special events.

Relationship Challenges

Spouses and partners that are not may not have agreed with the financial strategies and management in place in the relationship can begin to resent each other when financial difficulties occur. This resentment can become more significant if the debt is a direct result of financial mismanagement or overspending by one spouse or partner.

Stress

It is very common for our clients at 4 Pillars in Victoria to come into our office reporting feelings of stress over the future. Once we develop a plan and our clients understand their options, this level of stress begins to decrease as they see a clear path forward to eliminating their debt issues.

For help with personalized debt management solutions, call us at 866-690-3328.

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