We unpack the powerful, often perplexing, and always present link between your mental health and your personal finances. In a world of economic uncertainty and rising costs, it’s more crucial than ever to understand that financial wellness isn’t just about what’s in your wallet; it’s about what’s in your head. Join us as we explore how financial worries trigger stress, impact sleep, strain relationships, and even lead to impulsive spending. Discover actionable strategies to improve both your mental and financial well-being, transforming your relationship with money from the inside out.
Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/119-the-intersection-of-mental-health-and-financial-wealth/
Erica joins this week’s podcast as we talk about:
– The direct relationship between financial stress and mental health conditions like anxiety and depression
– How financial worries can negatively impact sleep, focus, and decision-making
– How feelings of helplessness related to debt can contribute to depression
– The impact of mental health struggles on productivity and income potential
– Why impulsive spending and avoidance behaviors are common coping mechanisms for financial stress
– Practical financial strategies for mental well-being, including budgeting, emergency funds, and debt tackling
– Mental health strategies to improve financial well-being, such as mindfulness, self-awareness, and building a support system
– The importance of self-compassion and seeking professional help for financial anxieties
Show References:
- Inside Out Money Episode# 066 – Mid-year spend review with Liz, Andrew, and Greg
- Inside Out Money Episode #014 – Liz’s $700 dinner, Maggie’s $17K medical expenses, and Andrew’s $18 on coffee – Mid-year expense review
- friends on FIRE podcast #060 – Budgeting vs. Tracking Expenses
- Inside Out Money podcast #101 – 8 things to do to improve your finances, while you hurkle durkle
- Inside Out Money podcast #098 – How to use AI to improve your finances and life
- Inside Out Money episode #055 – Our formula for how much to keep in your emergency fund
- Inside Out Money podcast #081 – Listener Q&A – 401(k) vs. roth 401(k), Budgeting, Automation, Decluttering, Early Retirement, and more!
- friends on FIRE podcast #130 – Where meditation and money meet
- https://www.insideoutmoney.org/020-meditation-will-fix-that-sit-with-us-september/
- Inside Out Money episode #021 – What is enough?
- Book: Good Inside by Dr. Becky Kennedy
- Psychology Today website – Find a therapist
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eMail us at: insideoutmoneypod@gmail.com