Facing Financial Problems

Posted by Paul Anderson Riley in Dealing with Debt on 12 January 2017 - Paul is a Credit Analyst at checkmyfile

No one should feel like money problems are unique to themselves, we all have to think about money at some point. Financial problems, job security, debt and redundancy are all issues that realistically should be considered. How we react to these factors can impact our lives and our wellbeing, but luckily there are many different facilities that aim to help those trying to cope with money worries.

Even when in control of money, we can sometimes feel unfamiliar emotions that cause us to doubt our financial standing. It is important to think about why we are feeling this way and not cause more worry by trying to ignore it. Professor David Richard of the University of Exeter says we can help to combat these fears using his top tips, "Be more active, face your fears, and don't drink too much alcohol."

Being active includes socialising and exercising, which can help to improve your mood if you’re feeling low. The NHS provides a webpage ‘Get fit for Free’ which helps those looking to exercise without spending. Keeping to a routine and staying active can help us to stay healthy physically and mentally. The NHS also provide guidance on how to keep a healthy diet on a low budget at the website.

Facing your fears means that you are not ignoring bills and are considering confronting debt problems. For specific help relating to confronting debt problems, you can contact the Citizens Advice Bureau or use other organisations like Money Advice Service, National Debtline and StepChange Debt Charity. If the emotional worry persists you should consider seeing your local GP or the Samaritans charity. Both are well equipped for non-judgmental and confidential guidance and support.

If you just want to keep an eye on your finances to help avoid future worries and don’t currently have debt trouble you can use services like checkmyfile.com to keep an eye on your credit report and see how you are currently represented by your credit history. Keeping a close eye on bank accounts and financial agreements can also help you to monitor fraud. All in all, it is important to acknowledge that you can access a number of different services that can help you to approach different financial situations.

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