- Recognise the Interconnection:
Everything starts with introspection. Financial stress impacts mental well-being and vice versa. Acknowledging this (to yourself) can help you work on solutions and encourages conversations, which reduce associated stigmas. However, be mindful of who you tell about your struggles! A new or potential client will probably not be interested in using your services if you admit to financial or well-being struggles, whereas an established client, with whom you have more of a connection, may be understanding and even helpful.
- Establish a Solid Foundation:
The stress of not knowing is often worse than the stress of knowing. Learning about basic financial principles and budgeting strategies can lead to better decision-making which in turn can lead to better well-being as your brain knows you are working towards a solution. Changing to mindful spending, where proper consideration is given to the outlay, helps you feel more in control and can foster a better, healthy relationship with money.
- Build Resilience:
Develop effective coping strategies for managing financial issues and stress. Consider how to build emergency funds and financial safety nets helps to alleviate stress during unforeseen financial challenges.
- Set Achievable Goals:
Set realistic financial goals with a step-by-step approach to long-term success. This gives you something to strive towards, knowing there is a reasonable chance of success. Ensure you celebrate milestones along the way to encourage you, even if it is something as simple as a celebratory dinner.
- Seek Professional Guidance:
Seek advice from financial professionals and find out how they can assist in creating a solid financial plan. Seeking support from mental health professionals when facing emotional challenges and break down barriers associated with therapy and counseling. Both can provide measurable steps to overcome your challenges and lead you to success.
- Work towards a more wholesome lifestyle:
The link between physical health and mental well-being has been confirmed in many mental health studies. It doesn’t mean turning into a gym junkie or eating only organic foods. Small, consistent changes can do wonders towards your happiness. Going to bed a little bit earlier, reducing social media interaction, drinking more water, stretching for 3 minutes every hour, reducing alcohol intake, preparing healthy snacks so you don’t reach for the cheese or chocolate can all help towards feeling better.
The journey toward financial wellness and mental health is intertwined, requiring attention and care. Changes can be made slowly or quickly, depending on the urgency. By recognising the connection between the two, we empower ourselves to make informed decisions that contribute to a more fulfilling and balanced life.
