credit rating

Mistakes We Make When We’re Stressed


Bills piling up, the inflation rate continues to rise, salary cannot put enough food on the table are some of the reasons why we just want to quit and give up everything. Life is indeed unpredictable and if we don’t know how to react on it properly, we keep doing things that make our lives harder than it is.

When we are stress, we tend to be little less than logical by making rash decisions. Stress forces us to find cathartic solutions to ease our worries. The next time you feel pressure in life and all the responsibilities you have, pay attention not to commit the following mistakes again.

1. Feeling rich
This is the first thing that pops up to our mind when we feel stress, we use the credit card to buy our favorite coffee, a new set of clothes or even treat our best friend to watch movies, these are the results of cathartic solutions we implemented within ourselves when we are stress.

2. Ignoring our responsibilities
When bills at home are piling up, and we know we need to go for a checkup for our health issues, we feel overwhelmed. As a result, we ignore our responsibilities by practicing manana habit, though it may feel good not doing anything at work for the moment, you will suffer later on completing tasks. One responsibility is paying your loans. You must know that the banks and lenders report your payment behavior to the credit bureau. This can greatly affect your future loan applications since your payments will be reflected in your credit rating.

3. Stress Eating
Women are more likely to do stress eating than men because they prefer to turn to alcohol and smoking. Even if you only have enough money for transportation and lunch meal for the day, you will still insist on buying more foods to cope up with stress by using your credit card.

The credit card can be helpful for everyone but, misused and overusing it when you are stress also does not help to lessen those bills piling up at home.