“I was only just making ends meet because I couldn’t work, so things were difficult financially for a while. Having enough money actually does help when you are managing a mental illness. It’s one less thing to worry about.”
Mental health and financial safety are strongly connected. Experiencing a mental illness can add to financial stresses, and financial stresses can add to a mental illness. Being able to work and pay bills regularly can ease pressure, though not everyone is able to do that.
Financial safety can bring security and peace of mind. Combined with leisure time and enjoyed activities, it can have a positive effect on wellbeing. Play, creativity and enjoyment are not just important, but fundamental to human living. Mental health and financial woes are related; however, those who are well off are not all mentally well, and all those who are disadvantaged are not depressed or anxious. The way we perceive our financial situation is what impacts our mental health. Even someone who is regularly paying off their debts may constantly feel high levels of mental and emotional distress around personal finances.
Some signs that financial stress is affecting your mental wellbeing include: arguing with the people closest to you about money, difficulty sleeping, feeling angry or fearful, mood swings, tiredness, loss of appetite, and withdrawing from others. Addressing financial problems early on can reduce their impact on mental health.
We have more information about feeling safe, stable, and secure that you may find useful.