Your current debt situation could be costing you more than just interest! 😕 Research shows there is a clear link between financial and mental health, with some studies noting a higher risk of mental health issues alongside those who have debt. According to the Australian Psychological Society’s annual report, financial issues we’re ranked as the highest cause of stress.
When focusing on bettering your mental health, renowned psychologist Zoe Slater, tells us to focus on 6 action steps.
6 action Steps:
1. Be active- find activities that make you smile and laugh 😁.
2. Keep learning- learning new things help create neurological connections in the brain and is said to help reduce the risk of conditions like Alzheimer’s.
3. Give- this could be your time, money or something you don’t use that someone could
4. Connect- feeling safe, listened to, grounded and understood is a vital part of better mental health.
5. Take notice- slow down and take a second. Observe your life and those in it.
6. Take care of our planet- it’s the small things that matter. Re-use, recycle and re-think how you can make little differences in the world and your life.
Even if you’re currently not experiencing financial concerns at the moment, it’s a great idea to be mindful of both your mental and financial health.
If you are experiencing a difficult time financially or mentally, please reach out to a financial or counselling service. You can reach lifeline on 13 11 14. Please also feel free to ask us for free assistance with budgeting or financial advice if in need.