It’s been well documented that achieving ideal health and wellness requires a balance between the many facets of our lives. For example, if you ignore your financial health, there’s a good chance that your personal life in its entirety will also suffer. Behind most of this thinking is common sense.
However, when examining the relationship between their personal lives and their physical health, people seem more inclined to focus on the former impacting the latter. Right on cue, a new study has been released reminding us of the interdependence between healthy bodies and, in this case, healthy bank accounts.
The study shows that cancer patients and recovering cancer patients are more likely to file for bankruptcy–up to four times more likely within five years of diagnosis. This shouldn’t be surprising, but it offers us an important reminder. For starters, it reminds us that causation between our health and, in this case, our finances works both ways. This is nothing new, but again, it helps to put things in perspective.
It’s so easy to get caught up in a vicious cycle when we fail to maintain balance in our lives. Physical sickness can cause financial stress, which can lead to stresses in our relationships, which can lead to, well, more physical sickness. The cycle continues and is not easily broken.
Nobody wants to go through this, and yet many of us continue to neglect areas of our lives that could potentially put us out of balance. As with most things, prevention is the best treatment. Take a moment to ask yourself how you can better balance what’s important in your life. Use common sense to create the balance that is within your reach. You’ll be a happier and healthier person for it.