Mental Check In

Financial Stress and Your Mental Health

For years studies have shown that people in debt have higher rates of mental health issues like depression and anxiety. Financial stress can cause you to engage in a variety of unhealthy behaviors, from overeating to alcohol and drug misuse.

Here are some ways you could put your stimulus check to use and help ease some of the stress.

Emergency Fund; if you can afford not to use the money right away, put some of it away for a rainy day, having it available if needed is a financial buffer and provides peace of mind.

Strategize before spending; take a look at what you spend money on and figure out how to make the money last as long as possible. Even making a new budget for this time due to the extenuating circumstances is a good idea.

Pay high-interest credit-card debt off, or at least down.

Make smart financial decisions; for many of us, these are tough times. Making thoughtful spending choices and assessing your needs vs wants can make your money last longer

Mary Newman

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