No kids like to see their parents fight whether it’s about money or anything else. However, when kids are repeatedly exposed to hearing their parents argue about money it can cause unnecessary stress and anxiety. It also provides a negative model in regards to how to talk about money
As the amount of debt that you have grows, you can find that your debt permeates every aspect of your life. While some debt, such as a mortgage, business or automobile loan, can show stability and maturity, having more debt than you can pay can affect your health, relationships and your employment.
Debt Can Lead to Stress and Serious Medical Problems
The stress from debt can lead to mild to severe health problems including ulcers, migraines, depression, and even heart attacks. 2 The deeper you get into debt, the more likely it is that you will face health complications
debts that drag down your financial situation are considered bad debt. Examples include debts with high or variable interest rates, especially when used for discretionary expenses or things that lose value