Mental health is a sensitive topic for many people, and it can impact our day-to-day lives in a whole host of ways. According to the mental health charity, Mind, roughly one in four people will experience some form of mental health problem every year. This highlights just how prevalent this can be and so, talking about this topic is a necessity to help people navigate this difficult time and know that they’re not alone.
There are many causes of mental health problems and one of the main ones is money-related worries. While many people will try to not let their life be controlled by money, it’s nearly impossible to avoid it as it dictates what we can and can’t do. That’s why when people fall into debt like 10 million people in the UK have, it can weigh heavily on our mental health.
If you’re suffering from money-related mental health problems or know someone who is or just wants to prepare for potential issues in the future, then we’re here to help. Our guide below will discuss the connection between money and our mental health as well as ways you can take control of these problems.
The impact money has on mental health
When money is tight, many scenarios can lead to anxiety or panic including opening letters containing bills. Money worries may also lead to a lack of sleep, which can sometimes lead to anxieties getting even worse. What’s more, you may not be able to afford the things you need to stay healthy like heating, water, or medication, which means your physical health can also be impacted.
What can you do about this?
Recognise when you’re struggling
The first stage to getting out of your money woes is to accept when you’re struggling and understand that it’s weighing you down mentally. If you find yourself feeling anxious whenever money is mentioned or you can’t pay for necessities, then it’s time to take action.
What actions can you take?
Keep active
Don’t sit around worrying about money. Instead, get out of the house and keep your mind occupied. There are plenty of free things you can do such as exercising or seeing friends. You could also spend time keeping your CV up to date, so you’re ready for a better-paid job application in the future.
Seek help
Your job isn’t the only source of income you should consider at this time. Sometimes loans from banks or family members can help you get back on your feet. You’ll need to build your credit score if you want to source a loan from a bank to support you, so try to start doing that today.
Avoid drinking alcohol
Alcohol can increase emotions and may make you feel worse about your current situation, so it’s best to avoid it altogether. Plus, it can be expensive, so you can save money by cutting down on your intake too.