Talking about money problems isn’t easy – but if your finances are suffering as a result of a mental health condition, it can be even harder. If you’re struggling with your mental health, you may have forgotten to pay your bills and ended up falling into arrears, had problems controlling your spending, had issues with benefit payments coming in and ended up overdrawn. Money worries are very common, but it’s important to take steps to get them under control – and there is plenty of support out there.
Many banks offer support services for people who are suffering from mental health conditions, and understand the possible implications that it can have on your finances. You might feel anxious about telling your bank about your struggles, but if they know more about what you’re going through, they will be better equipped to help you handle it. If you find it difficult to talk on the phone, you may be able to talk to your bank over email, web chat, or by meeting someone face-to-face.
Once you have spoken to your bank, they can add a confidential note to the system explaining your situation, so that anyone else you speak to in future will be aware, and will be better able to help you. They can help keep a closer eye on your finances, which may sound a bit daunting, but it actually means that if you start getting into financial difficulties, they can step in early and help before things spiral out of control. They can offer services such as helping you set up standing orders, support with loan repayments and handling creditors.
Struggling with debt can feel unmanageable, but talking to a debt adviser can really help to ease some of your worries. They aren’t there to judge – they are there to suggest solutions to your money problems and help to find ways to manage your debt. There are lots of free debt advice services available, and they are there to help you get back in control of your life and finances.
If you’d like more information – Mind has lots of useful contacts that can help.