Financial wellbeing
Understanding the link between money and mental health
Financial health and mental health are linked. Financial challenges can cause significant stress, which can impact our mental health and wellbeing. Similarly, the state of our mental health can make it harder to get on top of our finances.
Financial wellbeing means having control and confidence over your money to support your life and mental health.
Money stress can increase anxiety, depression, and social withdrawal.
Mental health challenges can make managing finances harder.
Signs of poor financial wellbeing include ignoring bills, overspending, and withdrawing socially.
Practical steps include setting time for money matters, making a plan, and seeking help early.
Free support is available through the National Debt Helpline and Beyond Blue.
