The reality of Depression in debt strikes again!
Today we had the privilege of helping a lovely lady, who was recently widowed and facing ‘depression in debt’ alone.
For those of you who know me, you will know that when it comes to the older generation I am rather emotionally charged and feel the need to go above and beyond. This lovely lady was no different.
You see, this lady did not know where to turn especially after not getting the support needed from a charitable organisation that will not be named.
What was heart breaking about this lady’s journey was that she didn’t see the point in continuing and used the phrase “I considered ending it all”, the reality of Depression in debt strikes again!
Depression in debt strikes again!
The reality is, is that people throughout will have this flickering thought due to feeling like there is no where to turn; there is no help and they are alone.
I am writing this to let you know that you are not alone and that there is help and support out there.
Talking is good – whether you talk to a colleague, a friend, a family member, a neighbour; a problem shared is a problem halved as they say. You never know, they might just have the answer or a positive direction to point you in.
If you can see a change in someone’s behavior I urge you to ask Hey Are You OK? And in turn, I urge you to ask yourself the same question.
If we can recognise at an early stage that help is needed, whether that’s emotional help, debt advice or any other kind of support; I believe with the incredible organisations out there together we can find a solution before ‘it all becomes too much’.
It is a known fact that debt levels are rising, stress to pay the simple house hold bills are rising, anxieties are rising and so those who can help also need to rise.
Myself and my team hear every day, the devastating effects that debt is having on lives all over the country. As people open up to us and share their journey, we are able to put together a journey of ‘indebtedness’. Albeit this journey may not be the same for everyone, I think most can relate to it.
Ask for help
The question I present to you is, at what stage of the journey should you ask for help?
• A change in circumstance occurs (cost of living rises, loss of job, income reduction, maternity etc.)
• Stress to pay the bills rises
• Credit is used to keep a float and maintain household bills
• In some cases, people result to gambling to find a way to meet their bills
• Outgoings increase to service the new-found credit
• Credit becomes heavily relied on as the cost of living increases
• ‘Robing Peter to pay Paul’ kicks in
• We start to make late payments, resulting in minimum payments increasing, and the journey continues until the chain is broken.
Understandably stresses arise as soon as a worry to pay the bills occurs and from experience, this is when anxieties are realised.
By the time people are speaking to the likes of us, Consumer Money Worries stress levels have hit their all time high and a feeling of desperation is ever more apparent.
If you are reading this, I urge you to keep an eye on those close to you, recognise when there is a change in behavior and simply ask Hey Are You OK?
And if either yourself or another person needs a listening ear and some guidance with Money Worries, get in touch. You’re not alone!
Author: Natasha Parrott
I am aware we will not be able to save everyone BUT if we can at least save 1 family, if those parents teach their children and so on for generations to come; we have achieved our mission.