Money and mental health
On Wednesday 10th October, we celebrated World Mental Health Day to raise awareness surrounding the stigma behind mental health. A while ago we talked about Mental Health and Debt and how high levels of personal debt can affect anyone.
Around one in four adults in the UK experience a mental health issue in any given year. And with a mountain of debt on their shoulders several personal issues can arise including depression, anxiety and can eventually lead to excessive drinking and suicidal thoughts.
Findings show that almost 50% of people who are struggling with debt, are also struggling with poor mental health. This is a toxic relationship. Individuals who have mental health issues and debt may feel like they’re in a never-ending cycle with themselves, struggling to manage their finances leading them to constantly worry about their debt, causing their mental health to deteriorate.
Ignoring the issue won’t make the problem go away. If you believe you are within the 50% of individuals who are struggling with a mental health issue and debt, talk to someone who can help.
Getting advice on a private matter can seem daunting, but it’s a step in the right direction. The sooner you get advice, the better. We understand that talking about debt issues and mental health with family and friends can be challenging, that’s why here at Sensible Debt Advice we are here to lend an ear.
We’re not here to judge, we’ll listen to you and we will be happy to help and advise on the best way forward. Call us today on 01656 661426 or click here to email us.
So, take the first step today and get in touch with someone who can help. Here are two examples of organisations you can talk to:
Rethink Mental Illness https://www.rethink.org/
The Samaritans https://www.samaritans.org