Are You Losing Sleep Over Financial Worries?

Are you losing sleep over financial worries? I used to have sleepless night before I was put under a debt management program.

Incessant phone calls from creditors, final reminders from banks, and warning letters from appointed debt collection agencies stressed me out to death until I still lied awake at the wee hours of the morning.

You are not alone. There are many people out there losing their sleep over money worries like you do.

According to a recent survey, nine out of 10 Americans are losing sleep over financial worries.

30% of the respondents worries about the cost of living while 29% stresses over credit card debt.

The rising cost of living and increasing credit card debt are top worries that prevent people from falling asleep.

Making mortgage payments and building retirement accounts are also the factors that keep people awake at night, with 14% and 13% respectively.

6% is about childrens’ school tuition and health care costs.

Only 8% of the respondents has no trouble sleeping.

Perhaps it’s time to cut down on spending, reduce credit card debt, refinance your mortgage or save up more money for children’s school tuition fees and health care costs so that you don’t lose so much sleep over financial worries.

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