Saturday, December 29, 2012

Can Sadness and Clinical Depression Affect Your Financial Bottom Line?

A recent study suggests that sadness and/or clinical depression has the potential to negatively impact financial decision-making and overall monetary well-being.

It seems reasonable to expect that sadness could potentially take a toll on our everyday lives. For example, depression is correlated with a lower output/overall productivity (in life and at work), has been shown to affect our general mental state and well-being, and, most importantly, has been proven to negatively impact our relationships with others, including our family, friends, significant others and other loved ones.

But now, a new study has found a correlation suggesting that depression and feelings of sadness may also have the ability to affect your wallet.


We've all heard ourselves (and others) lamenting miserably, saying such things as:

"Ugh, why am I always so poor?!?"

"Well, I would really love to go out with you guys this weekend but I *literally* only have $8 for the next 14 days, so....yeah. I'm out." :(

"Dude! We have no food in this house, let's order something. Are there any, like, $5 delivery pizza deals because all I have is the change I was gonna use to watch my laundry with... But it's all good, the pizza smell sometimes works almost like Febreeze, I swear to God it does!"

And, last but not least, in the immortal words of my father, "I'm so broke, I can't afford to pay attention."

Check out this full article from The Wellness Wire below. Obviously I did not write it, but it sure got me thinking...very interesting subject matter and findings!

Click here for the full article: Can Depression and Overall Sadness Impact Your Finances?

In my next blog post I will share some tips and tricks to help get through the "winter blues." Seasonal Affective Disorder (SAD) is very common, and staying inside alone (even though that is exactly what you feel like doing) is only going to exacerbate your feelings of loneliness, sadness and depression. But, putting yourself out there when you just feel like cuddling up at home alone to ride out the storm is much easier said than done! Next time, I'll share some info from experts on home remedies that can be an add-on to depression meds if you suffer from SAD.