don’t worry because it’s not all doom and gloom, there are actionable steps we can take to improve both your financial situation and then simultaneously your mental well being.

A lot of people in this life will come into contact with financial stresses of some sort. Be it struggling to pay bills or managing debt. Financial insecurity can take a serious toll on your mental health. Research shows that financial strain is one of the biggest factors that contribute to poor mental health.

The constant worrying can lead to sleepless nights, guilt and an awful sense of failure. This will make you feel unworthy and eat away at your self-esteem. 

The connection between your cash and your mental health will seem negative. However, there are ways that improving your finances can also improve your mental health.

Put some time aside to put in place a plan to get your money in order. This will give you a sense of control which will reduce your anxiety. Understand where your money is going – create a budget and then create little financial goals, remember you can’t eat the elephant whole. The clarity that planning provides will reduce the feelings of uncertainty.

A great way to get rid of some financial stress is by putting aside an emergency fund. Having this money in a savings account or an envelope for unexpected expenses like car repairs for example can provide a barrier that prevents a financial catastrophe which could then lead to stress or other mental health problems. Knowing you have a safety net that you can fall back on if needed will promote feelings of security.

Sometimes, the mental toll money stress causes can require professional help. There are financial therapists who are trained to help people address the psychological side of money management. These professionals can guide you into changing some unhealthy behaviours which will overall improve your relationship with your money.

If you had any kind of stress in your life, or you were grieving or struggling you might reach out to your friends or family. Why would financial stress be any different? Talking to someone you trust can release a burden, a problem shared is a problem halved. Also, don’t be afraid to say no! You are in control of your own mind and you are able to set your own boundaries. If you can’t afford a night out you are able to say “sorry, I can’t this time” or you could come up with a cheaper alternative that is within your means.

Learn financial literacy, this is understanding how money works, how to control it and how to make it grow. This is crucial to your financial and mental well being. Educating yourself on topics such as budgeting, saving and debt management can empower you to make better decisions surrounding your money. In the long run you can take absolute control of your financial future.

Start Small: Don’t try to tackle everything at once. Begin by creating a basic budget. Small wins will build momentum.

Practice Mindfulness: Whether it’s through meditation, journaling, or simply taking a few moments to breathe deeply, mindfulness can help alleviate anxiety around money.

Focus on What You Can Control: You may not have control over all financial circumstances, but focusing on what you can control—like your spending habits or how much you save—can make a huge difference in how you feel.

Seek Professional Help When Needed: If you’re overwhelmed by debt, financial planning, or mental health struggles related to money, don’t hesitate to reach out for professional support, whether it’s a financial advisor or a mental health professional.

Prioritise Self-Care: Financial stress can make it easy to neglect your physical and mental health. Taking care of your body through exercise, sleep, and good nutrition can help reduce the effects of financial stress on your mind.

Your relationship between your money and your mental health can definitely be complicated, but taking steps towards improving your financial situation will boost your overall mental wellbeing. Remember! Taking control of your finances doesn’t always mean save money, it also means investing time in your own mental health. When you improve financial wellbeing you will unknowingly start improving your mental wellbeing. 

Take the time now to prioritise you, progress is progress and you will be better financially and mentally.Remember Whatever you’re going through, you can call the samaritans any time, from any phone for FREE on 116 123 or follow this link Contact Us | Samaritans