Financial health and mental health are linked. Financial challenges can cause significant stress, which can impact our mental health and wellbeing. Similarly, the state of our mental health can make it harder to get on top of our finances.
Financial wellbeing means having control and confidence over your money to support your life and mental health.
Money stress can increase anxiety, depression, and social withdrawal.
Mental health challenges can make managing finances harder.
Signs of poor financial wellbeing include ignoring bills, overspending, and withdrawing socially.
Practical steps include setting time for money matters, making a plan, and seeking help early.
Free support is available through the National Debt Helpline and Beyond Blue.
Delays recognising or acknowledging a problem, such as ignoring emails from banks or not reading bills
Delays seeking help
Prolonging unhelpful behaviours like overspending
Withholding information from others, including our closest family and friends, and health professionals.
Withdrawing socially from family, friends and work colleagues
Self-medication and unhelpful behaviours like alcohol and substance misuse.
Research by ASIC, in collaboration with Beyond Blue, confirms the strong relationship between financial wellbeing and mental health.
A guide for utilities, financial and mental health services to help people with financial and mental wellbeing challenges get back on track.
Log in to access our self-guided courses. One helps you learn how financial wellbeing and mental wellbeing are linked. The second gives business advisors the confidence and tools to help support the mental health of small business owners.
As an organisation that supports people from across Australia, Beyond Blue acknowledges the Traditional Owners and Custodians of Country and their continuing connection to land, waters and community. We pay respect to Elders past and present.
First Nations Peoples are advised that this website may include reference to and images of deceased persons.
Beyond Blue is committed to safe inclusive spaces, policies and services for people of LGBTIQ+ communities and their families.
Premier partners
