Money & Mental Health
Money & Mental Health!
There are strong links between money and mental health. It can be a vicious circle: worrying about money can affect mental health, and poor mental health can make it more difficult to manage money.
There are many examples of how money and mental health are related, here are some of them:
- If your mental health is leading to you taking time off work, your income may be affected.
- You may feel low and spend money to make yourself feel better.
- On the other hand, you may feel high, and decide to splash out on impulsive purchases that you may not be able to afford.
The good news is that there are many things that you can do to improve the situation. These include:
- Understanding your behaviour – think about when you spend money and why. Try to identify your triggers, keep a spending diary, or plan ahead with your spending.
- Talking it over with a trusted friend – sharing your worries with a close friend can be a relief. If you are feeling unwell, you may decide to let a person you deeply trust manage your financial affairs whilst you get back on your feet.
- Seeking professional advice – there are many support and advice services available to help you through times of uncertainty. See the link at the bottom of this page for more details.
- Getting yourself organised - plan ahead with spending and bills. Sometimes it may not be as bad as it seems when you see everything on paper.
For more information and support visit https://www.mind.org.uk/information-support/tips-for-everyday-living/money-and-mental-health/money-and-mental-health/