Therapy When You Have No Money Life can be tough, and we all face challenges that can leave us feeling overwhelmed, anxious, or even depressed. In an ideal world, we'd have the means to seek professional therapy to help us navigate these rough waters.  However, when finances are tight, and the prospect of affording therapy seems like a distant dream, what can you do?  This the though reality of an increasing amount of individuals, especially with the worsened financial climate. This InvestorsPsychology attempts to provide some alternatives for therapy on a budget. Photo by Towfiqu barbhuiya at Pexels.com Seeking Support on a Tight Budget One of the most important steps in bolstering and protecting your mental health is making sure to talk to someone about your problems.  Speaking to others not only eases the emotional burden of your struggles, but also forces you to reflect and gain valuable perspective, which is a vital component in recovery from poor mental health. Below are so

Photo by Monstera at Pexels.com Fear of Credit Cards Credit cards are financial tools that allow individuals to make purchases on credit and they are issued either by banks or financial institutions. Credit cards come with a pre-approved credit limit, which amount can vary greatly. When you're buying on credit , you essentially borrow money from the card issuer, with the obligation to repay the borrowed amount at a later date. Credit cards offer several benefits, which is why they are important in today's financial landscape. With that said, they are reasons to be wary of using credit too freely, however sometimes the amount of fear of credit cards someone has is unproportionate to the risk of using them.  If this sounds familiar, then you should probably keep reading. Article Key Points Credit cards are important financial tools that offer convenience and perks. Fear of debt accumulation, overspending, hidden fees, and fraud are common reasons people are scared to use credit

  Psychiatrist vs psychologist: A simplified infographic by Investors Psychology Psychiatrist vs Psychologist: Education, Work, Salary and More In this article you'll gain valuable insights into the distinctions between a psychiatrist vs psychologist as we delve into their education, work tasks, work hours, and salary considerations. Whether you're exploring mental health professions or seeking assistance, understanding the differences is essential, as many often get confused what the differences is between psychiatrists and psychologists.  Article Key Points Psychiatrists are medical doctors (M.D.) who complete around 11-13 years of education, including a bachelor's degree, medical school, and a psychiatry residency program. Clinical psychologists pursue doctoral degrees in psychology, requiring 8-12 years of study. Psychiatrists diagnose, treat, and manage mental illnesses, prescribing medications, providing psychotherapy, collaborating with professionals, and conducting

Reducing Stress from Debt Dealing with debt can be a stressful and overwhelming experience. Many individuals find themselves facing financial burdens that can cause anxiety, sleepless nights, and a constant sense of worry. This is nothing new to us at Investors Psychology . However, it's important to remember that you are not alone in this situation, and there are practical steps you can take to reduce stress and regain control over your financial well-being.  In this article, we will explore the 8 most effective strategies and practical tips on how to handle stress from debt - empowering you to navigate your financial challenges with resilience and confidence. Recommended Read: How To Stop Thinking About Money 1. Face the Reality This shouldn't come as a shock, but it needs to be said - the first step in reducing stress from debt is to confront the reality of your financial situation. Avoiding or denying the problem will only exacerbate your stress levels.  Take a deep breath,

Photo by Andrea Piacquadio How To Get Over Lost Money Plenty of us have been in a position, where all of a sudden we lost of larger sum of money due to an unforeseen event or because of a de mistake. It can be a result of a poor investment, something valuable breaking or being stolen, or simply  losing your wallet with money inside of it. It can sometimes be very rough dealing with financial loss. The immediate gut-wrenching feeling of panic, guilt and sadness. You may even experience physical symptoms, such as stomach pain and nausea. It's far from great. So how do you get over lost money? We'll share our advice at Investors Psychology below. Dealing With Financial Loss There are different aspects of how you can get over lost money. There's the emotional side to dealing with financial loss, its usually the most difficult, but there's also the practical part of it.  Having the tools for coping with both aspects is essential to move forward, as the practical aspect

Buying on Credit: Consider This First You might be looking to buy a new laptop or a costly accessory that you always wished. The shop have offered you to buy on credit, which makes you tempted to follow through with their proposition. However, before you're do that you should probably know what buying on credit means, as well as the drawbacks and potential advantages of it. Only then can you make an informed decision on the matter, which will benefit you the most in the long run. Image by Steve Buissinne from Pixabay What Does Buying On Credit Mean?  The expression 'buying on credit' means that you're purchasing something through financing, i.e. through a loan or using a credit card (which is where the expression originates from). By financing a purchase, the person 'buying on credit' is obliged to pay for the product or service over a set period of time, usually with an added fee or percentage of interest. This is just convoluted way of saying that it's a l

Why Money Can't Buy Happiness For many people life is rough and presents itself with a plethora everyday challenges. For some, many of those challenges could be overcome just with a little bit of extra money. It could help you fix the broken down car, it could let you quit that job you hate, or maybe make you afford the one gift your child so deeply wished for. Then why do we say that money can't buy happiness? Surely you'd be happier if you just had an extra $1000 a month!  For some it this probably holds true. It'd be ridiculous to think that there isn't anyone who would benefit from money in terms of happiness. Fact is, that those with the most strained budgets usually sees the highest improvement in well-being just from a small increase in income. Hence, just a couple hundred dollars a month can make a significant difference in some cases e.g. for the single mother raising her 4 kids and working shifts at two different jobs, just to scrape by.  The famous psych