In Focus – SCCCU Blog
Stay informed about the Credit Union’s activities, plus get practical advice on a variety of personal finance topics.
The Link Between Financial and Mental Health
The connection between financial health and mental health has a stronger link than you may think. We’ve all probably experienced some sort of stress in our lives at one point or another. But according to recent research, stress resulting from financial challenges is often chronic and can have a negative impact on your mental and physical health.
How can you improve your financial health?
Everyone has a unique financial situation, and there are various ways to manage your finances. Here are some ideas and options to consider:
- Ask for help or guidance. Find someone you can trust or a reputable financial advisor to help you review your financial situation. And if you’re struggling with mental or physical health as well, get the help you need from trained professionals. There is nothing wrong with asking for help. It will help you start to feel better!
- Start a money management routine and stick to it. You can control your finances. By creating and sticking to a reasonable budget, you’ll find the freedom you need to pay down debt and save for your future. You’ll be able to start seeing progress and feeling better about your situation.
- Be patient with yourself. Nearly everyone deals with financial issues at some point in their lives—and every situation looks different. You may not master a budget right away, or you may spend too much money in one month. Choose to be kind to yourself rather than indulging in guilt or shame.
- Use technology to stay on track. There are thousands of apps and other technologies that help make dealing with your finances easier. At SCCCU, we have Online and Mobile Banking that gives you 24/7 access to your accounts.
Whatever you decide to do in your financial future, please know the Credit Union is here to help. We have resources available to help you create a budget with tools to help you manage it. Plus, different ways to invest your money for a better tomorrow. Give us a call at 831-425-7708 to set up a time to review your financial situation and plan for your future.