• Video sessions now available

    Celebrating 11 Years of Service!


  • Schedule Your Appointment Now

    Call or Email us Today!
    intake@thewellcounselinggroup.com
    317-471-8996


    Emotional Checkup
  • The Well Counseling & Consulting

    • Home
    • Meet Our Counselors
      • Yameen Chestnut
      • Adriaka Tina Jackson
      • Dr. Denita Hudson
      • Quamina Carter
      • Angela L Reese
      • Elizabeth White
      • Dr. Natalie Zolicoffer
      • LaDonna Wattley
      • Dr. Denise Hayes
      • Brittany Baker
      • Dachele Dycus
      • The Well Counseling Group
    • Our Consultants
      • Calvalyn Day
      • Reginald White
      • Elizabeth White
    • Resources
      • Drag’em Kicking and Screaming book
      • The Anxious Soul Book
    • Counseling Blog
    • In The News
    • Careers
    • Contact

    How Finances can Impact Your Mental Health

    August 26, 2022

    Not since the great depression have so many people collectively been dealing with financial hardship. The Covid pandemic locked down nations and caused people to lose their livelihoods. It is not surprising, then, that we are also seeing increases in the rates of depression.

    There have been other studies that also linked depression and anxiety with financial burdens. In fact, this study suggests that individuals with depression and anxiety are three times more likely to be in debt.

    It’s a Vicious Cycle

    Solving any problem requires clear thinking and an ability to take action. The problem is, when financial burdens cause a person to become anxious and depressed, they live in an emotional state that makes it almost impossible to solve their financial problems.

    For instance, when people feel depressed, it is common for them to also feel overwhelmed and out of control. They tend to want to avoid problems because they simply can’t bear the weight of it all. 

    Depression and anxiety can also make it hard for people to get proper sleep. This, in turn, creates mental fog, making it incredibly hard to figure out a solution to any problem.

    Talking to Someone Can Really Help

    No, I’m not talking about a financial planner, I’m talking about speaking with a therapist. A licensed therapist can help you find some calm in the storm. Working with a therapist often brings the kind of clarity that can help you heal from depression and anxiety and get your financial life back in order.

    There is nothing to be ashamed of. Most of us have, at one point (if not currently), experienced trouble with our finances and felt depressed and anxious. It is a common part of living in these modern times when the economy seems to be going against us most of the time.

    If you or a loved one has been having a hard time financially and you are feeling stressed and overwhelmed, please get in touch with me. I would be more than happy to help you deal with your current situation.

    SOURCES:

    • https://psychcentral.com/blog/stressed-about-money-tips-to-cope-with-debt-depression
    • https://www.psychologytoday.com/us/blog/what-mentally-strong-people-dont-do/201909/how-your-mental-health-affects-your-financial-health
    • https://www.mind.org.uk/information-support/tips-for-everyday-living/money-and-mental-health/the-link-between-money-and-mental-health/
    • Author
    • Recent Posts
    Elizabeth White
    Latest posts by Elizabeth White (see all)
    • Why Therapy for Caretakers is More Important Than Ever - February 9, 2023
    • Signs you Need to Take a Mental Health Day - February 7, 2023
    • The Traumatic Impact of Divorce on Adult Children - December 1, 2022

    Share this:

    • Click to share on Twitter (Opens in new window)
    • Click to share on Facebook (Opens in new window)

    Related

    Share on Facebook Share
    Share on TwitterTweet
    Share on Pinterest Share
    Share on LinkedIn Share
    Share on Digg Share
    Send email Mail

    Filed Under: finance, mental health

    Blog Categories

    The Well Counseling & Consulting Group

    The Pyramids
    Pyramid 1, 5th Floor
    3500 DePauw Blvd.
    Suite 1050
    Indianapolis, IN 46268

    317-471-8996
    intake@thewellcounselinggroup.com

    • Facebook
    • Instagram
    • Twitter


    Elizabeth White, MA, LMHC, LCAC verified by GoodTherapy.org

    Contact Us Today

    By submitting this form via this web portal, you acknowledge and accept the risks of communicating your health information via this unencrypted email and electronic messaging and wish to continue despite those risks. By clicking "Yes, I want to submit this form" you agree to hold Brighter Vision harmless for unauthorized use, disclosure, or access of your protected health information sent via this electronic means.
    The Well Counseling & Consulting Group
    intake@thewellcounselinggroup.com | 317-471-8996
    A Website by Brighter Vision | Privacy Policy