Being in debt can be hugely stressful. Having creditor letters coming in the door and and debt collectors knocking on your door, it is hard to relax.

Debt is usually associated with those on low to medium income. It is important that if you are in this situation that you learn to deal with stress and plan how to manage their debts.

Medical fees, credit card debt, unemployment and mortgage debt are all common causes of debt.

Having been in a stressful situations where solicitors legal documents have been coming through my door as a result of debt, here are some solutions that I would suggest after looking back on what I went through.

I nearly suffered a break down as a result of being in debt, however, if I knew then, what I know now I would have managed it better.

There are solutions to debt including debt consolidation, debt relief solutions and bankruptcy. Solutions are there and its something you need to explore yourself.

Here is my plan to reduce stress while in debt:

Meditate Daily

Meditation can help manage your stress levels better. I used to never meditate but since I started I feel I can better focus my mind and deal with problems.

So much has been written online about meditation and you want to learn more about the methods there lots of resources you can find with a simple Google search.

30 to 40 minutes of your day is all that you need to help you focus. Meditation is also good for the chemicals in your body that control your emotions.

Hang Out With People Close To You

It is important that you stay close to those who are important to you. By talking to your friends or family, it can help you take your mind of your problems and offer assurances that they are behind you despite your problems.

By explaining exactly what is stressing you out can help to let out your stress. Getting your problems off your chest helps you to relieve the stress that has been building during your time of turmoil.

Be careful that you do not have a fight with those near to you. In stressful situations emotions can run high and the wrong things could end up getting said. Apologise if you go out of line and end up offending someone close to you.

Remember that true friends will stick by you in your time of need. In the next part, I am going to talk about setting budgets. This is a big part of part of reducing your stress levels.

Setting Budgets

One of the critical elements of becoming stress free during a time of being in debt is to set actionable goals for your budgets. You should work out your savings goals and payment goals that go towards paying off your debts.

You should review how much you are earning each week in terms of salary or revenue from your business. The next thing is to look at your expenses in terms of utility bills and how much you spend on food.

Once you get an idea of how much you need for food and bills and realise what you have left over, you can then work out savings goals that you can use to pay off your bad debts.

Only set actionable targets that you can actually see yourself achieving. Once you see that you are achieving your goals you fill find that your stress levels will decrease as you are reaching your target.

There is no question that being in debt can be a terrible time for people and their families. By following the tips in this post, you can work towards paying off your debts and prepare for living your life stress free.