Dealing with Depression During Tough Financial Times

by Amy Keeley
Depression During Tough Financial Times photo

When you can barely or can’t make ends meet, it is only natural to experience stress and depression. We get advice from a psychologist specializing in depression on ways you can cope during tough financial times.

Some people choose frugality and some don’t have a choice. Job loss, divorce, death in the family, medical issues, and more can take a family that had a secure home and future and put them in a state of chaos where they don’t know what’s coming next. This is known as situational poverty.

It’s hard enough to get through situational poverty. But a Gallup Poll said, “Impoverished Americans are more likely than those who are not in poverty to say they have ever been diagnosed with many chronic health problems – with depression being a particularly pronounced issue.”

Those who are going through a crisis, especially one that deals a blow to financial security, need emotional resources to draw on to prevent what’s called situational depression, a disorder caused by trauma or stress rather than chemical imbalance. But what if those resources are low or entirely gone? How do you get them back? And how do you prevent sliding into situational depression in the first place?

I interviewed Deborah Serani, Ph.D., a psychologist specializing in depression and author of several books on depression, about this difficult topic. Here are her responses:

Q: What are popular stores or places that carry stylish and functional accessories at reasonable prices?

Lisa: Here are my top favorites:

RocksBox! This is a relatively new find of mine, but it's great for stylish ladies on a budget. RocksBox provides a genius new subscription program that allows you to borrow three pieces of gorgeous jewelry each month, which you can then exchange at any time for three new pieces of jewelry.

If you'd prefer to purchase items instead of "borrow" them, try Purple Peridot.

Boss Lady Tip: Many of these retailers sell great looking jewelry, but the metals are not waterproof and even the oils in your skin might dull them over time. I find that a light coating of Krylon Crystal Clear Acrylic Coating Spray does wonders for extending the life of your non-precious metal jewelry.


Start living better for less.

Debt Checklist

Subscribe to get money-saving content by email that can help you stretch your dollars further.

Twice each week you'll receive articles and tips that can help you free up and keep more of your hard-earned money, even on the tightest of budgets.

Subscribers receive a free copy of our eBook Little Luxuries: 130 Ways to Live Better for Less.

We respect your privacy. Unsubscribe at any time.

Q: What are popular stores or places that carry stylish and functional accessories at reasonable prices?

Lisa: Here are my top favorites:

RocksBox! This is a relatively new find of mine, but it's great for stylish ladies on a budget. RocksBox provides a genius new subscription program that allows you to borrow three pieces of gorgeous jewelry each month, which you can then exchange at any time for three new pieces of jewelry.

If you'd prefer to purchase items instead of "borrow" them, try Purple Peridot.

Boss Lady Tip: Many of these retailers sell great looking jewelry, but the metals are not waterproof and even the oils in your skin might dull them over time. I find that a light coating of Krylon Crystal Clear Acrylic Coating Spray does wonders for extending the life of your non-precious metal jewelry.

Q: What are popular stores or places that carry stylish and functional accessories at reasonable prices?

Lisa: Here are my top favorites:

RocksBox! This is a relatively new find of mine, but it's great for stylish ladies on a budget. RocksBox provides a genius new subscription program that allows you to borrow three pieces of gorgeous jewelry each month, which you can then exchange at any time for three new pieces of jewelry.

If you'd prefer to purchase items instead of "borrow" them, try Purple Peridot.

Boss Lady Tip: Many of these retailers sell great looking jewelry, but the metals are not waterproof and even the oils in your skin might dull them over time. I find that a light coating of Krylon Crystal Clear Acrylic Coating Spray does wonders for extending the life of your non-precious metal jewelry.

Reviewed August 2021

Follow Us

Little Luxuries

Subscribe to The Dollar Stretcher, our free twice-weekly newsletter aimed at helping you live better for less on the money you already have!

Subscribers get a copy of our ebook Little Luxuries: 130 Ways to Live Better...For Less for FREE!

Your Email:

Pin It on Pinterest

Share This