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- Financial Problems When You're Dealing With Bipolar Disorder and What To Do About Them
Financial Problems When You're Dealing With Bipolar Disorder and What To Do About Them
One thing that many people do not anticipate (or do not give enough attention to) when they are dealing with bipolar disorder is the financial burden that it can put on you and your family. Even if they do face financial difficulties, they don't know what to do about them.
Financial problems are common with bipolar disorder. However, this can be dangerous, as the stress from it can lead to a bipolar episode.
Some people have even had to claim bankruptcy because the financial responsibility becomes too great for them.
Therefore, it is necessary not only to acknowledge financial problems, but to do something about them, so you don't end up declaring bankruptcy yourself.
The problem is that when a person is in a bipolar manic episode, excessive spending may be one of the behaviors that they exhibit. Then, when the episode is over, you are left with credit card bills, cleaned-out checking and savings accounts, and other financial problems.
In addition, bipolar disorder is an expensive disorder to have.
Following are just some of the problems that people with bipolar disorder face financially:
1. Lack of insurance
2. Co-pays
3. Difficulty affording medications
4. Unsuccessful business investments
5. Inability to work at a regular job
6. Overdue bills
So what can you do about it? For one thing, you can cut up the credit cards or at least make them inaccessible to your loved one. You can also open up a separate checking and/or savings account in only your name so that your loved one cannot get to the funds in a bipolar episode.
As far as medications go, many pharmaceutical companies are now offering free or low-cost medications, and many doctors will give you samples of medication to help decrease the cost.
David Oliver is the nation's leading experts on helping and supporting a loved one with bipolar disorder. You can get learn about many of David's little known, yet effective strategies to cope and deal with your loved one's bipolar by clicking here right now. View all articles by David Oliver
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2 Responses to "Financial Problems When You're Dealing With Bipolar Disorder and What To Do About Them" 
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said this on 11 May 2010 6:37:55 PM MST
What was the point of this article? It starts out explaining the different ways that finances can be affected by this disease and it seems to be setting the reader up for some good, helpful information. And then it says if you are a loved one of someone with bipolar, hide the credit cards and bank numbers. And then some blurb about getting help from pharmaceutical companies to help with costs. And then nothing. The story sets us up for some important tips and information to follow, but it doesn't. To me, this article is a disappointment.
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said this on 25 Apr 2012 9:39:08 AM MST
I feel the same way. We have already done all that with the credit cards, etc. . Daughter has bipolar, two bankruptscy's and can't stop smoking and has a 16 yro dtr who is on same road possibly. I am 70 and a widow and I help but I get harassed to death for money. Can't keep this up. Its actually verbal abuse. I think I am at a point where I have to take legal action, but of course that would be an explosiion of high proportion and expensive also. Any other help?
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