Is the cost of living crisis affecting my wellbeing?

Is the cost of living crisis affecting my wellbeing?

In the current cost of living crisis we understand the pressures this could be putting on you, your relationships and your family. Many families are feeling the pinch because of increased costs of energy, household bills and food, and lots of people are having to adjust how and when they spend their money.

Whether you are having to make big or small changes to the way you live, it is important to recognise these changes may come at a cost to your own wellbeing too.

Dealing with financial burdens can put strain on all aspects of our lives. In 2022 alone, 57% of people who have recently struggled with their mental health said thinking about finances makes them anxious; even 26% of people who do not suffer with poor mental health said the same. But one in five do not seek help.

If you feel you are struggling to look after finances, find it hard to talk to your partner about money, or need some extra support for your mental health, we have listed some services below where you can seek help.

Please remember, reaching out and getting help from a friend, family member, partner or service provider can have great benefits on your wellbeing. Don’t suffer in silence. We are here to support you.

Citizens Advice – There are things you can do if you’re struggling to pay your bills – for example, energy bills, rent and council tax. Citizens Advice will work with you to see if you are eligible for extra money or help.

Mind – To help you feel more in control of your money, Mind offers tips on how to get started to organise finances. Mind also offers lots of resources to support your mental health.

Eight instantly-implementable ideas for spending less – During the cost crisis you might be looking at ways you can save costs and reduce bills. Here are eight easy ways all the family can help to cut costs.

Tips for talking to your partner about finances – Money Super Market has listed out some helpful tips about how you can talk to your partner about money. Being open and honest about money is very important in a relationship and can prevent issues arising further down the line.

If you are not able to control your anxiety or your mental health is declining, please get in touch with a GP or a local mental health service provider.

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