Many people think they are financially healthy, until they look at their credit debt ratio.  This means taking an honest look at how much credit you have versus how much debt you owe.  If you owe more than you have credit for, than you are certainly not financially healthy and, unfortunately, more people with bipolar disorder fall into this boat.

 

The problem is that it becomes too easy to use credit cards to make purchases, not associating the fact that, when that statement comes in the mail, you will have to make a payment on that account.  It makes it easier to make impulse purchases that cost you in the long run, thus increasing your debt.

 

When this happens over a period of time; in fact, when it becomes a pattern (which is easy to do with bipolar disorder, especially in manic episodes), you can easily invert your credit debt ratio, and you will have more debt than you will have credit.

 

If you are not careful, you can even jeopardize your credit due to your debt.

 

What happens in bipolar manic episodes is that the "shut off valve" becomes sort of short-circuited.  In other words, the normal indicator that tells you that if you make this purchase, you will have to pay for it later stops working, and you begin to spend impulsively, no longer thinking about the consequences of such purchases.  You stop thinking about whether you can afford to buy the things you are buying, or whether you will have the money to pay for them. 

 

This impulsive and excessive spending is characteristic of a bipolar manic episode.

 

Many people with the disorder have had their finances devastated because of this type of behavior, and some have even had to go through bankruptcy and financial ruin because their credit debt ratio became so out of control.

 

Some people, riddled with manic episode after manic episode, and spending spree after spending spree, have found themselves so far into debt that their credit cards are maxed out, and it will take years to lower their debt.

 

They have horrible credit debt ratios, all because their bipolar disorder has gotten out of control and they have suffered the excessive spending of bipolar manic episodes.

 

Other people with bipolar disorder have determined to get their bipolar disorder under control, and one of the first things they have decided to tackle is their finances.

 

They make money management a priority, and they learn ways to get their credit debt ratio back under control.