Put pos­i­tive steps in place to min­imise money wor­ries

Gloucestershire Echo - - HEALTH & LIFESTYLE - WITH DR EL­LIE MILBY

ARE money wor­ries get­ting you down?

Nowa­days, fi­nan­cial stress is all too com­mon. The ris­ing cost of liv­ing, low paid and in­se­cure jobs and a ma­te­ri­al­is­tic cul­ture fu­elled by re­lent­less ad­ver­tis­ing all play a part.

The re­la­tion­ship be­tween money and our men­tal health is com­plex. When we get into fi­nan­cial dif­fi­culty, this of­ten means our men­tal health suf­fers. Con­versely, when our men­tal health is af­fected for other rea­sons, this can make manag­ing money harder.

Our val­ues and be­liefs about money also play a big part in how we man­age money and how this makes us feel.

For ex­am­ple, if you be­lieve that money is the key to hap­pi­ness then you are more likely to feel down when you don’t have much money, than some­one who finds hap­pi­ness in other ways.

Re­gard­less of your sit­u­a­tion, re­search shows that we all need a cer­tain de­gree of fi­nan­cial sta­bil­ity in or­der to feel se­cure and con­tent.

If money wor­ries are get­ting you down, the tips be­low can help get your fi­nances and your well­be­ing back on track.

UN­DER­STAND YOUR BE­HAV­IOUR

THINK about your val­ues, be­liefs and past ex­pe­ri­ences when it comes to money and how these feed into your

TALK TO SOME­ONE YOU TRUST

TALK­ING about your money wor­ries with a trusted friend or fam­ily mem­ber can be a re­lief, help you to feel like you are not on your own and gen­er­ate ideas for solv­ing the money prob­lems that are caus­ing you stress.

OR­GAN­ISE YOUR FI­NANCES

SET aside a reg­u­lar time each week to re­view your fi­nances so money wor­ries don’t build up.

Put a fil­ing sys­tem in place for all your bills, bank state­ments and other fi­nan­cial doc­u­ments so you know where ev­ery­thing is and can ac­cess them eas­ily.

Cre­ate a bud­get so you can keep track of your spend­ing. The Money Ad­vice Ser­vice of­fers lots of help­ful tools and ad­vice on manag­ing money at mon­eyad­vice­ser­vice.co.uk.

GET PRO­FES­SIONAL HELP

IF you are strug­gling with fi­nan­cial prob­lems, there are lots of or­gan­i­sa­tions out there that of­fer im­par­tial ad­vice. Try speak­ing to your lo­cal Cit­i­zen’s Ad­vice Bureau or visit the Step Change debt char­ity at stepchange.org

Dr El­lie Milby is a coun­selling psy­chol­o­gist

cur­rent spend­ing or sav­ing habits. When do you spend money and why? Do you have any bad fi­nan­cial habits that are cur­rently hav­ing a neg­a­tive im­pact on your men­tal health? Talk­ing to a friend can help

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