According to Business Insider the average American has $104,000 in debt.
“41 percent of working-age Americans—or 72 million people—have medical bill problems or are paying off medical debt, up from 34 percent in 2005. If you add in the 7 million elderly adults who are also dealing with these issues, a total of 79 million Americans have medical bill or debt problems.” – from The Commonwealth Fund
Being in the alternative medicine industry I often see clients who’ve had to quit their job due to their health conditions.
This often results in a loss of their insurance.
State insurance, Medicaid or Medicare can be helpful for the basics but when you’re looking for answers, solutions and treatments to manage your condition the bills can add up quickly.
One of the biggest issues I have with health care is the cost.
A large majority of the clients I see have incurred debt trying to solve their health issues both within and outside of the traditional medical system.
One of the most heart breaking cases I’ve seen is a former client of mine who was a teenager when her parents brought her to consult with me.
Her mother left her job to care for the daughter that went from a typical teenager to having total body spasms that lasted for days rendering her paralyzed during those timeframes and extremely weak a fatigued in between.
Prior to seeing me they had seen every specialist you could imagine.
Still the daughter remained wheelchair bound and with spasms lasting for days and no answers.
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They came to me looking for answers conventional medicine couldn’t provide and they wanted to look for lyme, mold toxicity, heavy metal overload and anything else that could be related to her condition.
Alternative tests are out of pocket and cost at least $200 on the lower end and go up from there.
Her parents were willing to spend whatever they needed as the tens of thousands of debt were worth it to restore their daughter’s health.
After a series of tests costing over $1,000 it appeared she had lyme disease.
Not being a lyme specialist I referred her to another functional medicine doctor who could help.
Last I heard she had improved quite a bit but wasn’t 100% when her father lost his job and Washington State was too expensive for them to live so they moved to another state.
Her case is not an uncommon and it caught her family off guard.
It’s not like anyone plans to be in debt things creep up or happen suddenly.
Being prepared to handle emergencies financially is a lesson I learned the hard way during COVID when I wasn’t allowed to see more than one person an hour in my practice.
I wish I would have had a financial coach to guide me on what to save for and how to do it back then.
Lucky for me and you – I was introduced to Jenna-Rose Finnie, my financial coach who joined me on my podcast last week to share tips on allocating money to save for emergencies, dining out and even vacations.
I know debt isn’t a sexy topic but preventing it can allow you to receive the care you desire should something happen.
Being able to choose your providers and type of care on your terms sometimes requires an investment and why not save ahead of time as an added security.
After my first session with Jenna-Rose, she saved my business over $1000 a month.
In my podcast with Jenna-Rose Finnie we dive into a holistic approach for reclaiming financial control.
From cutting costs to rethinking debt and budgeting for joy, Jenna shares practical strategies for shifting your mindset when it comes to debt and how to save like a pro.
Having money issues can seriously impact your health and even keep your from getting better – especially when you’re trying to figure out a serious health condition.
If you are anyone you know is struggling with debt or you want to learn how to save some money – this podcast is for you.
What You’ll Learn in This Episode:
- Rethinking Debt with the Debt Snowball Method: A simple strategy to conquer debt through small wins and positive momentum.
- Creating an Emergency Health Fund: Learn why setting aside funds for unexpected health needs is essential.
- Exploring Your Relationship with Money: Discover the “Money Habitudes” that drive your financial decisions.
- Budgeting for Passions and Fun – Guilt-Free: Insights on planning for joy while staying on track financially.
- Auditing Your Expenses to Save Money: Practical tips for finding opportunities to cut costs.
- Understanding How Stress Impacts Finances: Why your nervous system’s freeze response might be holding you back and how to break free.
- Jenna’s Trifecta for Financial Success: Discover a comprehensive approach to mindful spending, saving, and investing.
Listen in to my podcast with Jenna-Rose Finnie – Ep 512 of The Health Fix Podcast – HERE.
She shares so many tips I wish I would have known years ago!
Here’s to your health and wealth,
Dr. Jannine Krause
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