Wednesday, 23 August 2023 14:36

What are financial diseases: the 3 most common and how to prevent them?

Written by Evelyn Alas

There are many factors in life that directly affect people's physical and mental health. Doing or not doing certain actions can help you stay healthy or get sick. One of those primary factors, although not the only one, is the state of your finances.

1. Financial stress: Defined as a condition caused by events that create anxiety and worry, it is often accompanied by a physical response. We feel anguish and pressure in the face of an unstable financial situation and this causes insomnia, changes in behavior, insecurity and even serious illness.

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Although the most affected are those people who are predisposed to suffer from this type of disorders, it is very likely that people who do not have this tendency will develop a significant stress condition due to the worry of not having clear prospects that give signs of relief.

2. Spending addiction: Among its symptomatology is irrationality when it comes to consumption, which turns them into compulsive buyers.

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Many times it is unavoidable, as in health issues, but they usually overspend in a hurry.

Buying expensive products when it is not really necessary or taking an expensive trip just to visit a specific place are two examples of this type of spending out of anxiety and not out of necessity.

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3. Money allergy: These are people who generate very little money or even none at all, and when they receive it, they tend to "lose" it. This is because their unconscious perceives money as dangerous, due to past experiences in which money resulted in separations, death.

 

Translated by: A.M