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Money and Mental Health

Money worries can have a big impact on your mental health. Experiencing financial difficulties such as being unable to pay the bills, being in debt or being behind on the mortgage can have a big impact on your mental health. You may spend a lot of time worrying about money, or feel down because of it.

Unfortunately, feeling down or anxious about your financial difficulties can mean that you find it hard to go to the bank, plan a budget or open your bills. This is turn can make a difficult money situation even worse.

Thoughts about money and avoidance can create a vicious cycle:

  • I feel depressed
  • Avoids looking at balance, hard to budget
  • Miss payments, debt increases
  • Final notice letters sent
  • Avoids opening post
  • Feel hopeless and self-critical

The good news is that you can break this vicious cycle.

By changing how we act and think, we can have a positive effect on how we feel. It can be helpful to reflect on the main aspects of your financial difficulties, both in terms of potential triggers, and also in relation to how you think, feel and behave when feeling low, stressed or worried about money. This is a great way to begin to think more clearly about your situation, and to help decide which areas you can try to change

We have partnered with Silvercloud to offer you free access to a Cognitive Behavioural Therapy (CBT) self-help programme, designed by clinical experts using proven methods for helping people, all with the aim of empowering you to think and feel better.

This programme is based on the principles of Cognitive Behavioural Therapy (CBT).

CBT consists of two key steps to feeling well:

  1. Understanding what’s going on inside you
  2. Making changes to feel better

The key idea behind CBT is that your emotions, thoughts, behaviours and physical sensations are connected, and affect each other.

To find out more and to get your FREE access code start a chat now with a Wellbeing Advisor or call 0800 953 9898.

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