In a time when many are struggling—physically, emotionally, and yes, financially—have you taken stock in how you’re doing? Finances are such a crucial part towards our emotional wellness, and when our basic needs are jeopardized, we can feel depressed, anxious, or even misuse substances. The connection between behavioral health and finances is interconnected and complex and vast. Often discord with our relationships stem from disagreements over money. Or perhaps you’re questioning your restraint after an expensive “impulse” purchase.
One’s relationship with money can make us feel inferior to our peers, erode our confidence and self-esteem, and exacerbate underlying mental health symptoms. It’s important for us to all feel a sense of psychological safety, and if we experience concerns regarding our ability to provide for our basic needs (e.g., food, clothing, shelter), we can feel worse about ourself. Self-awareness allows us to examine our thoughts and inner critic, and to better determine how realistic our beliefs truly are. Are your financial goals, and thoughts about your finances realistic, or do they need an adjustment?
- Focus on what you do have –not what you don’t
- Set realistic goals
- Meet with a financial professional
- Establish and follow a budget
- Monitor and adjust your expenses
- Talk with your partner –collaboration is key
- There’s plenty of time to “right the ship”
- Remind yourself that many people struggle with their finances
- Set an example for your loved ones
- Speak with a mental health professional if you’re feeling sad, anxious, or otherwise need support