Being in debt is incredibly stressful for most people. Debt problems can lead to anxiety, depression, and a range of other problems.

Thankfully, there are many things you can do to cope with being in debt. Here we have detailed some of the ways that you can stay afloat mentally and financially when you are struggling with debt.

Keep a positive mindset

Being in debt can lead to various practical obstacles, such as having to cut back on luxuries or even essentials. Missing out on these things can take an emotional toll, but it is important not to give in to despair and to keep a positive mindset. Remind yourself that this state of affairs is only temporary, and don’t isolate yourself.

Focus on the moment

Getting out of debt is usually a long process. Accepting that it will probably take a while is vital, and in the meantime, you should live in the moment rather than regretting the past or worrying about the future. Practicing mindfulness exercises such as deep breathing can help to keep you grounded and avoid anxiety.

Stay physically and mentally active

Keeping physically and mentally active is a great way of avoiding anxiety and depression, as well as keeping you occupied. Physical activity, especially when combined with a healthy diet, keeps your overall health in check, and keeping mentally occupied on productive projects is vital for your wellbeing.

Don’t use alcohol as a coping mechanism

It can be tempting to have a few drinks to help numb anxiety and forget your troubles but using alcohol (or other substances) to cope with debt anxiety can be extremely counterproductive. Not only will it have a toll on your overall physical and mental health, but drinking can also lower your inhibitions and lead to you making unwise and unnecessary purchases that can get you further in debt!

Come up with a budget and stick to it

Budgeting is essential when you are trying to get out of debt and avoid getting back into debt in the future. Ultimately, you need to make sure that your income is higher than your expenses. This may mean coming up with a detailed audit of all of your finances, from bills to rent to groceries and entertainment. While making cutbacks is never fun, in the long term it can save you a lot of hassle and distress.

Consider a loan

It may seem counterintuitive to borrow more money when you are struggling with paying off debts, but carefully-chosen loans can allow you to invest in money-making solutions if you are smart and do your research. Borrowing small amounts of money and using them to start your own side hustle can help you get back on your feet financially. Loans such as title loans are popular for this — check out this article to rapid cash title loans in Mesa AZ.

Don’t go it alone

There is support available if you are struggling with debt. To cope with the anxiety, check out local mental health services. There are also most likely helplines and services that can advise you on debt-related issues. Even if you just talk to your friends and family about your struggles, it can take a huge weight off your shoulders!