One’s mental and physical health should go hand-in-hand in determining whether or not a person’s life is being managed properly. Even more so, the two strongly impact how healthy you are financially. This is true because as teens and adults go through their daily lives, there will continuously be stressors that arise and they need to learn how to properly manage said stressors. If said stressors are not managed properly, the mental and physical health aspects will most likely spiral out of control due to the lack of management.
As discussed in the 3 Vicious Cycles article that we explored in class, Brett Wysel brings up multiple points that contribute to financial stress the most. One of his overarching points specified how deadly the scarcity of management is and how this can contribute to multiple sections of your life. He mentioned these points as “Stress Spirals” which suggest the damaging effects of stress on each person separately and how these “spirals” can cause someone to continue to struggle while more major stressors are frequently becoming present.The author also effectively defines what it means to be “Financially Stressed” as well as how to prevent this as much as possible. As an example from the first Stress Spiral, the author points out the actual impact of chronic stress on our daily lives and where it can put some people in the workforce. “Chronic stress is linked to physical health issues. High stress causes a fight-or-flight reaction, releasing adrenaline and cortisol. These hormones can suppress immune, digestive, sleep and reproductive systems, which, if sustained, may cause them to stop working normally...Employees with high financial stress are twice as likely to report poor health overall and are more than four times as likely to complain of headaches, depression, or other ailments.”
That being said, while you are in the beginning of your financial journey, you should be prepared to organize everything as much and as thoroughly as possible to prevent such dastardly and dangerous effects such as those that were previously mentioned.
Works Cited
Whysel, Brett. “3 Vicious Cycles: Links Among Financial, Physical, and Mental Health.” Forbes.com, 27 June 2018, www.forbes.com/sites/brettwhysel/2018/06/27/3-vicious-cycles/#6f5b1b65540d.“Financial Stress and Your Health.” Financial Stress and Your Health | Cambridge Cambridge, www.cambridge-credit.org/financial-stress-and-your-health.html.
Bethune, Sophie. “Money Stress Weighs on American's Health.” Monitor on Psychology, American Psychological Association, Apr. 2015, www.apa.org/monitor/2015/04/money-stress.
I totally agree, for many of us we are starting to get jobs and trying to become more financially independent from our parents as we approach college. With these stresses of our life, it is important that we making rational decisions with our finances, as when you are stressed, you can make impulse decisions, rather than thinking through what is best for you. The vicious cycle continues and gets harsher and harsher as you go through these financial stresses. The only way to stop these is by making sure that you not only are financially well-off, but that both your mental and physical health are well-off as well.
ReplyDeleteI totally agree that keeping a balanced lifestyle between all the stress factors is extremely important to be healthy.
ReplyDeleteEveryones physical, mental, and financial health are all extremely important, and there are times where we take health for granted and might in some instances put someone close to us or even our own health on the back-burner due to having too much work and stress to deal with. I would argue that mental health is more important than being physically healthy, but the two play a key role in your day to day life. Having stress in your life can deteriorate your mental health, and can leave you feeling broken, tired, and unmotivated. That’s why it is so important to ask for help either from a parent/guardian, friends, or even a doctor if it starts affecting your life drastically. Physically, we should throughout our lives continue to improve ourselves, finding new, fun, and efficient ways to stay healthy and fit, so that it also helps our mind from becoming mush and only thinking when at our jobs. By supporting your physical and mental health, you are also helping yourself in the long run, by coming out on top and raising your financial health. You will be motivated, be creative, and think positively when looking at your financial situation, allowing you to find new ways to improve and grow yourself financially.
ReplyDeleteI agree with what you said I think lot of poor financial management is due to bad mental heath.
ReplyDeleteI agree with this because these topics are a very bad spot to be caught in between. The Finical stress will lead to you making bad decisions to make more money. This will then lead you to be have very bad health. For example your working non stop and you cant sleep, etc. Your correct on how it is bad to have yourself in one of these so that why you should try your best to avoid it by preparing before. Overall you did a very good job Madison.
ReplyDeleteI agree with what you're main ideas were I liked how you incorporated mental health into it because a lot of people forget about self care . Which is a huge part in life as 2020 comes along January was tough already and a lot of people are feeling down and what will that lead to bad is going to lead to bad.
ReplyDeleteI agree that as each of us begin our financial journey that being organized is a key factor. If we are organized things will go more smoothly, and we will be able to see where things need improvements and adjustments in order to eliminate as much financial stress as possible. With what you stated within your article that reducing financial stress, it will reduce stress in other factors in our lives.
ReplyDeleteI a hundred percent agree that in cases having poor financial management can be caused by bad mental as well as physical health. As we know a healthy mind can get a lot accomplished. you pointed out all the key factors that a lot of us don't think are important, like mental health. Overall this blog post was very organized and you hit all the points you needed to, to relay your message successfully.
ReplyDeleteI think that choosing to write about this topic a little bit more than what we covered in class is beneficial, as this topic really is important. The link between financial stress and resulting physical consequences is quite clear that I feel many people do not acknowledge. As a young individual with not much financial or physical stress, I am going to use this information more to help prepare myself before I run into these things in life. In sort of a backwards version, by maintaining my personal health this will lead to less financial stress in the long run. I would have also loved to hear more on the preparation you mentioned at the end, going into more detail about options available to help you prepare.
ReplyDeleteI agree with your statements that all three parts are connected and can all lead to your life spiraling out of control like you said. When a lot of teens think of not having money in the future, we don't think that it will cause for the amount of stress we realize. If that then eventually does happen we won't be able to manage our stress and then we will fall into the demographic that you are talking about.
ReplyDeleteI agree that one's mental health is more important and needs to be taken care of before making any major financial decisions. When a person doesn't have a clear head and is under a lot of stress, they are not equipped to to be able to handle anything important. I also feel that many people don't recognize mental health and stress right away, which eventually could cause financial issues.
ReplyDeleteThis was an interesting read, in part because I'm in AP Econ so I had minimal background information on this subject. You raise some good points. Financial stress negatively effects people and their decision-making, which circles back to more financial stress as they make poor choices with their money. In today's society we're all so much more stressed than we ought to be, likely in part because of how much emphasis we place on the economy and our own checkbooks in determining how we're doing in life. Always a good reminder, especially for seniors who are about to gain greater control of their lives and financial choices in the near future. Thanks for sharing.
ReplyDeleteThe idea of financial health and how it is connected to mental and physical health is quite interesting. I definitely see how this idea applies in real life. For example, when one is worried about making enough to pay the bills or support their family, it can get very stressful. And even in my life when I don’t have to pay bills yet, I still get stressed thinking about how I will pay for college or how much debt I will be in after. Thus, it is a very important argument you make that we should be conscious of our mental health in relation to financial health as we prepare for our future.
ReplyDeleteI really enjoyed reading this I thought that it should be something that more people read when it comes to their mental health and them being financially stable or not. It was really nice to read about how much your mental health really does effect your financial status.
ReplyDeleteAfter being a bit more educated on the human health in general, it is quite logical that mental health and physical health goes hand in hand. In the artical that you wrote, I was captivated on how financial health had an impact on either of the humans' health. It makes perfect sense as the spiral had an effect and making it seem like a never ending domino effect. However, financial and physical health are inevitable because we all have our down sides. And that financial emergencies may come out of left field and catch us off guard-- same with with our physical well being. So therefore, I argue that we should prepare our self more in terms of mental health. As it is one of the three things in the spiral that I believe to be most important. You said that how our physical health is affected, but it is after the chemical reactions which falls under our mental health. Thus, if an individual can understand how to cope with stress and their feelings and finding techniques and strategies for these events that occur in their life, the individual will be more prepared. Shortening the spirals life cycle.
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I agree that being physically and mentally healthy can help with finances considering if you’re in a healthy mental state you’ll make better decisions when purchasing things. Even though I do agree with this, I also disagree with this claim. When in a good mental and physical state you can also be financially struggling, speaking from personal experience it doesn’t always have to do with how well you are. It also depends a lot on your job, on your life situation, how many things you need to pay for. If you’re not getting enough money from your job and need to pay for food, a house, clothes, and all the necessities, it will be difficult to be financially stable. Now one might argue that all that would cause you to be stressed and not in a good mental state, and although that can be true, you still can be mentally and physically healthy when not in a good financial state. Although I wish the key to being financially stable was being mentally and physically healthy, unfortunately, it’s not. It’s all about your circumstances and being educated on the topic.
ReplyDeleteLooking at financial, mental, and physical stress, I never realized how much these were connected. In your post, you talk about how if the stress types are not properly managed, they will spiral out of control. You then proceed to talk about the article, “3 Vicious Cycles” and how each stress spiral represents the damaging effects that stress could have on people. Next In your line, “Employees with high financial stress are twice as likely to report poor health overall and are more than four times as likely to complain of headaches, depression, or other ailments,” financial stress can have multiple effects that relate to physical and mental stress depending on the financial situation. At the end of your post, you talk about how people must be organized in order to prepare for these stresses. Although I agree that this can be one method, there are other methods to cope with these. Every situation is different and has various solutions. For some, organizing to prepare may help while for others it won’t. Every person that deals with these stresses needs to find a preparation method that works best for them. Overall, although I agree with your statement, I do think that it is possible to be mentally and physically healthy without being in a good financial place. It all depends on each person's situation.
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