 Are you in debt? Debt can impact your mental and physical health, but it doesn't have to. Here are four things that can help you safeguard your mental health when in debt. Seek financial management assistance. Create a budget and consult a financial advisor and a mental health specialist. Promote financial responsibility and debt management if you are a manager or CEO. Provide tools to help employees manage their finances and prevent excessive spending. Debt is a global financial issue, but you can make the best of the situation and safeguard your mental health.