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☆ Dreading your student loan payments? 5 tips to reduce money-related stress, from a behavioral wealth specialist
  + stars: | 2023-10-10 | by ( Renée Onque | ) www.cnbc.com   time to read: +1 min
Student loan payments have resumed for the first time since 2020, and many borrowers are dreading the effect it will have on their finances. That stress could also negatively affect their mental health. Consider that just last year 54% of student loan borrowers said their mental health issues like depression and anxiety were directly related to their debt, according to a poll conducted by online education program, ELVTR. In honor of World Mental Health Day on Oct. 10, CNBC Make It talked to a financial expert with a background in psychology about how one can maintain positive mental health even with student loan debt. DON'T MISS: 54% of student loan borrowers say their mental health issues like anxiety and depression are directly related to their debt"We can't just walk away from our student loans, but what we can do is minimize the amount of stress that we expose ourselves to," says Wendell Clarke, a behavioral wealth specialist at Wealth Enhancement Group.
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☆ Stressed about money? The No. 1 way to worry less, from behavioral wealth specialists
  + stars: | 2023-05-16 | by ( Renée Onque | ) www.cnbc.com   time to read: +1 min
While it appears inflation is slowing down in the U.S., prices for many items and services remain high. "Things are getting more expensive, and people usually have a sense of anxiety or fear surrounding inflation," says Wendell Clarke, a behavioral wealth specialist at Wealth Enhancement Group. "This can also affect things like job security, and your money's not going as far as it used to go before." Clarke adds that these conditions tend to create "higher stress levels in people," which can show up as anxiety and depression. If that's you, here's what Clarke and fellow behavioral wealth specialist Cohen Taylor recommend for mitigating the stress of inflation.
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