May is Better Sleep Month, and we bet that almost anyone could use a few more hours of quality sleep every week. If you are dealing with major debt issues, though, sleep can be allusive. Anxiety about money can keep you up at night, and being tired during the day can lead to making mistakes or poor financial decisions that increase your money-related anxiety.
While it’s tempting to sweep all the problems under the rug, taking action and getting information can actually reduce your anxiety and help you sleep. One of the first steps to better sleep while dealing with debt is to truly understand what you are dealing with. If you aren’t sure quite how much you owe or what is happening with your accounts, you might lay awake at night considering the unknown. You might even be worrying about things that aren’t a concern or aren’t the right concern.
After you have all the information about your debt, consider seeking information about your options. Understanding what your options are reduces anxiety and racing thoughts at night because it helps you have a plan of action. When you know what you have to do, you might worry a bit less about how you are going to handle the situation.
Finally, seek assistance from experienced professionals who can remove some of the burden. A bankruptcy attorney can help you understand your options and can start taking action on your behalf. They can also provide information about what is likely to happen in your case so you can stop lying awake at night pondering worst-case scenarios. If you are in financial duress this month, we hope you’ll consider speaking to someone so you can start getting better sleep.
Source: Forbes, “How To Deal With Financial Stress And Sleep At Night,” accessed April 29, 2016