Let’s face it: money worries are a part of life for most of us. It’s not just about counting pennies, but the stress that creeps in when the bills are due, or unexpected expenses pop up. Financial stress is real and it can take a serious toll on your mental health.
The real impact of money worries
Think about the last time you couldn’t sleep because you were anxious about your finances. You’re not alone. Many people find themselves tossing and turning at night, their minds buzzing with worries about how to manage money. This kind of stress can seep into every aspect of your life, affecting your work, relationships and overall well-being.
Money worries can lead to anxiety and depression. When you’re constantly stressed about money, it’s hard to feel good about anything else. The relentless pressure can make it difficult to enjoy life, leading to a vicious cycle of worry and despair. This connection between mental health and money is something we don’t talk about enough, but it’s crucial to understand.
Managing the pressure
So, how do we manage this pressure? How do we break free from the cycle of financial stress and improve our mental health? Here are a few tips that might help:
- Talk about it: It sounds simple, but sharing your worries with someone you trust can be incredibly liberating. Whether it’s a close friend, family member, or a professional adviser from Citizens Advice, talking about your financial problems can help you feel less alone and more in control.
- Create a plan: Start by assessing your current financial situation. List your income, expenses, debts and savings. Seeing everything laid out can be a bit daunting, but it’s the first step towards taking control. Use tools and apps, like RiseUp, to help manage your money and create a budget that works for you.
- Seek professional help: Don’t hesitate to seek professional money advice if you need it. Financial advisors can provide valuable insights and strategies to help you get back on track. At RiseUp, we offer personalised content and practical saving tips tailored to your financial situation, helping you build a healthier relationship with money.
Financial fitness and mental health
Improving your financial fitness isn’t just about numbers; it’s about reducing the mental burden that comes with money worries. Here’s how focusing on your financial health can also boost your mental health:
- Peace of mind: Knowing that you have a plan and are working towards your financial goals can significantly reduce anxiety and stress. It’s all about taking those small steps and celebrating each win.
- Empowerment: Gaining control over your finances can make you feel empowered. It’s about building self-efficacy – the belief in your ability to succeed – which can have a positive ripple effect on other areas of your life.
- Support network: Engaging with a community that understands and supports your journey can make a world of difference. At RiseUp, we’re not just about money advice; we’re about creating a supportive environment where everyone can learn and grow together.
Seeking financial wellbeing support
Don’t let financial stress take over your life. Seek financial wellbeing support from professionals, apps and communities dedicated to helping you manage your money better. At RiseUp, we’re here to help you build a brighter financial future, with less stress and more peace of mind.
We understand the connection between financial wellness and mental health. Our financial wellbeing membership is designed to give you the tools, knowledge and community support you need to manage your money more confidently.
We use open banking to combine your household accounts, income and expenses into one secure space. Our unique monthly forecasts show you how your finances will look at the end of the month, offering personalised insights and recommendations to help you save money and enjoy financial wellbeing.
And our community? They’re a bunch of supportive, inspiring individuals sharing tips, advice and engaging in group challenges to help everyone thrive.
Money worries don’t have to define your life. With the right tools and support, you can take control of your finances, reduce your stress and improve your overall wellbeing. Join us at RiseUp and start your journey towards financial and mental wellness today.
Start your free trial with RiseUp today and take control of your financial future.
