Stress is all the world over. Almost 85% of the residents of the UK feel stressed regularly out of which 54% people end up with bad effects on their health. The significant cause of stress is money followed by work and health concerns. While the cost of living is rising, most of the people are relying on unsecured personal loans for making their ends meet.

Accessibility to debts has made life convenient as bad credit history is no longer a problem.  Further, they come with no collateral and no guarantor. Even though you can easily borrow money from direct lenders, you are unlikely to have improved financial situation. Debt causes an additional expense on your pocket. Borrowing money at the time when you are failing to keep the wolf from the door is like asking for trouble. As a result, you end up rolling over your loan or taking out a new loan to pay off the others. This mounts up your stress and causes several health problems.

Stress management is a key to keep your body and mind fit. Only 32% of Britons do exercise to overcome stress. However, financial stress requires more than just an exercise. Before you get to know how you should manage your stress, you should know what kind of hazardous effects you might suffer from stress:

Heart disease

Studies have still not found how stress is linked with higher risk of heart attack. However, researchers have found that as the level of cortisol hormones shoots up, the level of blood pressure and cholesterol goes up. High blood pressure causes strain on the arteries of your heart that may damage the heart muscle resulting cardiac arrest. Cholesterol is responsible for stroke. Stress is associated with high level of this fatty substance. As the level of the cholesterol goes beyond the normal range, it hinders the adequate flow of blood to arteries of your heart that causes stroke.

Stress ulcer

Stress ulcers are sores caused due to rise in the level of stomach acid abnormally. If not treated in time, it may damage the lining of gastrointestinal tract. This is different from peptic ulcer that is worsened by stress. Stress ulcer is normally the result of physiological stress. Your diet and some drugs can exacerbate the situation. The stomach produces acid to break down food into fuel that your body needs for energy. When you are stressed, your stomach starts producing more acid. It starts hitting up causing your esophageal sphincter weak and as a result you fall prey to heartburn.

Insomnia

With rise in financial commitments and stagnant income, most of the people are unable to keep their head above water. 39% of UK residents have admitted that they feel stressed almost every day. Stress impairs your ability to have sound sleep. When you are under stress, you do not stop thinking about monetary problems. Credit card payments, medical bills and debt instalments continue to race into your head. You begin to sleep when brain releases serotonin hormone and this becomes possible when cortisol hormone is at the lowest level.

Lack of sleep has damaging effects on your immune system, mood and memory. In fact, your body will stop repairing muscles. You will begin to feel stiffed and exhausted. More than 50% people who take stress have reported that they feel sluggish in the morning when they get up.

Diabetes

Stress has a direct relation with blood glucose level. When you are under stress, your body needs more energy to battle against it. As the cortisol hormone starts releasing in your blood, your nervous system gets activated and triggers the release of catecholamines in response to acute stress. Your body needs more energy and hence nerve cells start releasing more glucose that continues to linger in blood if you are diabetic. Since it remains in blood, your blood glucose levels rises.

Now that you have come to know how financial stress can affect your health. You should know how you can tackle with this problem:

Identify financial stress triggers

Make a budget, note down all of your monthly expenses and identify where you can cut back on. It is important that you whittle down your expenses if you want to get rid of debt. make a plan how you can meet your financial obligations and try to stick to it. In the beginning, it can be very frustrating, but it will pay you off in the long run.

Talk to your lender

If you feel that you will not be able to repay your debt, talk to your lender immediately and tell about your genuine financial condition so that you can get a new personalised repayment plan. The lender is likely to accept the minimum repayment.

Be wary of impulsive buys

You can get rid of debt only when you have enough money to settle all of them. This becomes possible when you stop making unnecessary expenditure. Temptation is one of the biggest reasons for having money down the drain. Make sure that you buy only what you need.

Track your spending

You should have a clear idea of where your money is going. Use apps and online tools to track your spending. They will also alert you when you are on the verge of overspending.

If you follow aforementioned tips to manage financial stress, not only your finances will get on the track but also you will not fall prey to stress related diseases.