Broker Check
The link between money and mental health for Kansas City families.

The link between money and mental health for Kansas City families.

January 25, 2023

The link between money and mental health is well-established, with research showing that financial stress can have a negative impact on mental health and well-being. On the other hand, having financial stability can improve mental health and overall well-being.

Financial stress can lead to various mental health issues, including anxiety, depression, and even suicidal thoughts. This is especially true for those who are struggling to make ends meet or who are facing financial challenges such as high levels of debt or unexpected expenses. The constant worry and stress of financial insecurity can take a toll on mental health and can lead to adverse outcomes such as relationship problems, social isolation, and difficulty at work.

On the other hand, having financial stability and security can improve mental health and overall well-being. This can include things like having enough money to cover basic needs, having a savings cushion for unexpected expenses, and having the freedom to make choices about how to spend and save money. When you don't have to worry about financial issues, it can be easier to focus on other areas of your life and prioritize your mental health and well-being.

It's important to note that the link between money and mental health is complex and can vary from person to person. Some people may be able to handle financial stress better than others, and some may be more affected by financial insecurity. It's also important to recognize that financial stability is just one aspect of overall well-being, and many other factors can impact mental health.

In conclusion, the link between money and mental health is significant, with financial stress having the potential to impact mental health and well-being negatively. On the other hand, financial stability can improve mental health and overall well-being. If you're struggling with financial stress, it's essential to take steps to manage your finances and seek support if needed.

Let's work together in 2023 on your specific financial challenges.  A financial coach helps you create goals and actually stick with them, so you’re not just dreaming about financial peace. Get started now with your complimentary consultation