Mental health and money: the importance of financial wellbeing

Mental health and money: the importance of financial wellbeing
by admin-acuityfund
Written Articles by Ranjit (90)
Posted on November 10, 2020

The COVID-19 pandemic has been an incredibly disruptive period for all of us. For some, the added pressure of financial insecurity has weighed heavily on their mental wellbeing.

We all know that money worries can be crippling. But what happens when spending becomes a way of coping with your problems?

This is an aspect of financial wellbeing that is rarely discussed – when money itself becomes the very thing we believe will make us feel better.

Human beings are emotional creatures and spending money has been proven to give us that dopamine hit that sends good feelings into our systems and brighten up our day, at least for a little while.

Technology has made spending money so seamless that we can now go on a shopping spree without leaving the house. Credit cards and personal loans can be approved within hours, all on a smartphone, and used to support our habits.

But the ultra-convenience of the digital world we live in can quickly become troublesome for those struggling with personal problems.

Acuity Funding wants to see all Australians achieve financial wellbeing and have a healthy relationship with their money. We are passionate about helping people purchase a home for their family, acquire a new asset for their business or finalise a new property development.

We are equally passionate about bringing greater awareness to the financial difficulties many in our community are currently dealing with.

If you are struggling with money worries, then you are not alone. There are ways you can get help and begin working towards a better financial position and a healthier you.

The first thing to do is tell someone. If you don’t feel comfortable discussing your problem with a friend or family member, book and appointment with your doctor and tell them how you are feeling. You can also call:

beyondblue– call 1300 22 4636 or chat online.
Lifeline (anyone having a personal crisis) – call 13 11 14 or chat online.
Suicide Call Back Service (anyone thinking about suicide) – call 1300 659 467.
Black Dog Institute (people affected by mood disorders) – online help.