The link between mental and financial health
Aug 24, 2023, 02:31 PM
An important aspect of financial wellness is mental wellness. Financial stress can cause emotional stress, it impacts our relationships and our workplace. When it comes to managing money, we need to be aware of our money emotions - what makes us spend, why does money make us so anxious?
While financial pressure can impact our mental wellbeing, our mental wellbeing could be causing our financial challenges. For example, if you are feeling stressed you overeat, you are more likely to make impulsive purchases to make yourself feel better, and maybe start slipping behind on bills…. How do you identify the triggers?
As part of this year’s Money Makeover Challenge Maya shares a discussion she had with Dr Lesego Rametsi, group head of health and wellness at Absa, about the relationship between financial stress and mental health.
While financial pressure can impact our mental wellbeing, our mental wellbeing could be causing our financial challenges. For example, if you are feeling stressed you overeat, you are more likely to make impulsive purchases to make yourself feel better, and maybe start slipping behind on bills…. How do you identify the triggers?
As part of this year’s Money Makeover Challenge Maya shares a discussion she had with Dr Lesego Rametsi, group head of health and wellness at Absa, about the relationship between financial stress and mental health.