We often think of mental health when it comes to the term wellbeing, but many areas of our lives impact our overall wellbeing. This includes money and finances.

I wanted to share a resource I came across recently, called Money in Mind. This is a signposting tool for our financial wellbeing and the impacts in can also have on our mental health.

The resource is very useful for mental health first aiders when it comes to signposting and support, but may be of interest to anyone within our group.

Just a short extract from the website which I think highlights why this is important

“We know that:

• 74% of people who experience a mental health problem struggle to keep up with bills and payments. (Adult Financial Wellbeing Survey (2022), Money and Pensions Service)
• 25% of people who experience a mental health problem are likely to be in problem debt. (The Facts (2019) Money and Mental Health Policy Institute)
• 91% of people who are struggling with their mental health avoid talking about money, often because they feel embarrassment, guilt or shame. (Money and Pensions Service survey of 3,000 UK adults, September 2022)

As mental health and money are often inextricably linked, this tool allows you to confidently explore any money issues that may be impacting on your patient’s recovery and signpost them to trusted sources of support for that specific money issue. Ultimately improving their financial wellbeing as well as their mental wellbeing. “