EP271 Mental Health and Money

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By Tracey Bissett. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

It is becoming increasingly clear that money and our mental health are directly tied together. The stress of not having money can cause anxiety, increase tiredness, and make us physically sick, more irritable, and short-tempered. So, it is critical that we make sure we're staying on top of our finances, seeking help as needed, and accepting our imperfections.

In this episode, I will share three tips that can improve your mental health when it comes to money and finances to help you throughout this financially stressful time. Listen in to make sure you have the tools and tricks you need to minimize the stress you’re carrying in relation to finances in your life.

"When you don’t know the facts, your situation can feel overwhelming. So get down to the facts of your financial situation.” - Tracey Bissett

This Week on Young Money:

  • How mental health can be impacted by finances.
  • Several statistics around people’s current mental health in regard to finances.
  • How to avoid feeling overwhelmed about your finances.
  • The benefit of asking for help when it comes to your finances.
  • How to make a plan for your finances.

Key takeaways:

  1. Calculate your net worth.
  2. Review your budget.
  3. Negotiate lower rates.
  4. Get your financial facts.
  5. Don’t go it alone.
  6. Make a plan.
  7. Have grace with yourself.

Resources Mentioned:

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