How Debt can have a huge impact on your Mental health by Ian Sims

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(image: Money Under 30)

With the coronavirus outbreak, it is a worrying time for many of us financially. With that in mind, today we would like to share this about debt and mental health: 

Worries about money can hugely influence your overall wellbeing. A study conducted in 2019 showed that 9.5 million people in the UK have issues with their mental health, in direct relation to money woes, whilst a staggering 18 million worry about lack of money daily (source:N26).

How mental health impacts your finances

Research conducted by National Debtline indicates that approximately one in four adultswill experience an issue with their mental health within any given year. It is worth noting mental health incompasses a range of conditions and experiences, including:

● Anxiety

● Depression

● Bipolar disorder

● Phobias

● Schizophrenia

● Dementia

It is also worth highlighting that having a mental health issue or condition does not automatically mean you will struggle with finances or debt. However, it may make it harder to deal with. Research indicates that around half of all adults in the UK who are having debt problems also have a mental health issue (source: National Debtline).

It can causes a vicious cycle of problem health and finances

Unfortunately, feelings of stress, anxiety and even depression relating to growing fears about lack of money can lead to a vicious circle. It can impact your finance management abilities in a variety of ways. For example, serious anxiety or depression may cause you to lose energy or avoid your debt entirely. This may lead someone to avoid keeping up to date of their finances.

Problems with mental health could also affect finances if it means that it reaches a serious point where the person is required to take time off work. Depending on their individual circumstances (such as whether they are entitled to sick leave or not) this could mean a sharp reduction in their income. Unfortunately, this might have the unintended impact of making their mental health worse.

Other signs that debt is causing an impact on one’s health mentally include:

● Become overwhelmed or sick at the thought of the debt you are in

● Starting to withdraw completely from family and friends due to debt anxiety

● Symptoms of preexisting mental health conditions such as depression, are worsening

● Struggling to eat properly

● Struggling to sleep

● Regularly underperforming at work

What you can do if you are in debt and struggling with mental health

Do not suffer in silence, there are a number of places you can turn to that are confidential and free. This includes services such as the Samaritans or Mind. There are also debt charities dedicated to providing advice on how to get out of your debt, such as StepChange and National Debtline.

If you are looking to lower or consolidate your debts, you can look at debt management companies, but please note that they make take a fee for using their services

If you need help in the current crisis with getting Universal Credit or other welfare benefits for job loss or want to know more about managing your finances, check out the government and money websites such as MoneySavingExpert by Martin Lewis.

This blog was written by expert and freelance writer Ian Sims.

 

 

The Top 5 Apps to Support Mental Wellbeing for 2020: by loveitcoverit

(image: Unsplash)

With Brew Monday upon us, the pursuit to get the public talking is as prevalent as ever. The event itself, hosted by the Samaritans charity group, encourages individuals to come together for a coffee morning at work, at home, or in any other place that they can think of. The session offers a safe space to freely and confidently talk about what is bothering us, what we are feeling and perhaps explore why we feel that way – stamping out the notion of Blue Monday entirely.

In recent years, an epidemic of loneliness and social isolation has grown unthinkably. Research conducted by the British Red Cross staggeringly found that over 9 million people always, or often, feel lonely. Now, to put that into context, the population of London currently sits at approximately 8.8 million – so this is not something that can be ignored!

However, it’s not difficult to understand that some individuals would prefer to stay silent and not communicate the struggles that they are facing to a family member, friend, or professional. Our mental wellbeing is delicate, and we often worry about public perception. So, if you’re looking for help but don’t feel ready to directly speak with someone, here are the top 5 apps to support your mental wellbeing for 2020.

 

  • What’s Up 

What’s Up – not to be confused with WhatsApp – is an innovative platform that allows individuals to receive Cognitive Behavioural Therapy (CBT) or Acceptance Commitment Therapy (ACT) from the comfort of their own home. 

The application offers resources and online forums that prompt individuals to work through whatever they are struggling with – whether this is depression, anxiety, loneliness or something they can’t quite put their finger on. 

A key feature that makes What’s Up (and any behavioural therapy method) so valuable is the identification of negative behaviours and thoughts. In doing so, the CBT method allows people to re-educate themselves on how to think and behave so that they can better their own minds and carry the learnt practices forward.

 

  • MeeTwo

Unsurprisingly, smartphones in relation to children or young adults have always been a controversial subject. It’s been found that the main concerns for parents when allowing their child to have access to a smartphone rests on the risk of them talking to strangers or becoming victims of cyberbullying

However, it’s important to reflect that smartphones can also offer a great level of support for young people’s mental wellbeing – and with young adults being found as more likely to suffer from loneliness than any other age demographic, the conversation is more pertinent than ever.

For instance, MeeTwo is a safely monitored application that is completely tailored toward teenagers. The platform provides young people with support from peers and professionals as well as providing educational and interactive resources to assist in their self-help journey. An element of the application that is particularly noteworthy is the in-app links that direct individuals to UK charities and helplines. So, if a user’s struggle needs a different avenue of support, they know exactly where to turn!

 

  • Headspace

In our busy lives, it can be difficult to find time to just pause. The days can sometimes fly by without us feeling like we’ve had a chance to reflect on our successes, failures or everyday struggles and it’s almost like we’re being pulled along by some external force. As a result, we often feel out of control and exhausted. 

Headspace is an app that brilliantly helps combat these feelings, bringing us fully into the present moment and helping achieve mindfulness! To do so, the application introduces a range of meditation practices. 

This can seem daunting, especially if you’ve never tried meditation previously, but Headspace offers different guides for different experience levels so that you are always in control!

 

  • TalkLife 

Even if you don’t want to talk with someone face-to-face, you may still want to talk. That’s why TalkLife is such an incredible application. 

Once downloaded, you have access to a community that is ready to listen in a safe and anonymous environment – allowing you to form social connections that you may feel are missing from your life. To ensure safety, TalkLife is monitored with real-time safeguarding.

It’s important to recognise that the conversations had on the platform are between peers and not professionals, so if you are seeking medical advice or professional therapeutic support you will need to get in touch with a qualified medical practitioner.

 

  • Spotify

If you don’t want to talk, then it’s sometimes good to listen. Spotify offers a whole host of incredible podcasts that tackle various mental health issues – perhaps putting something into words that you can’t. 

If you’re looking for a podcast to begin with, Mentally Yours is fantastic. Each week the hosts are joined by a mystery guest and together they talk about the weird and out-of-place thoughts that pass through their minds. 

Mental health struggles can be scary. We too often try to hide them, ignore them or deny them – but the world is evolving and as is our understanding. So, it’s time to be brave and give yourself the support that you deserve.

 

This sponsored post was written for you by loveitcoverit,  one of the UK’s largest mobile phone and gadget insurers, having helped over 1 million customers get comprehensive cover.

Winter Cosiness: A very happy Festive Season to you!

(image: Pinterest)

Thank you for supporting Be Ur Own Light blog and our mental health mission this year. We wish you all- from Rob and I, a wonderful festive season- whether you celebrate Christmas or Chanukah (like us), whether you get together with family and friends for magical, cosy nights, good TV and a glass of wine, I hope you enjoy it!

We will be spending time with family and friends, lighting our menorahs and eating doughnuts. This year we will be visiting my in laws, which should be lovely.

If you need help because you are struggling with your mental health, the Samaritans line is always open for free,non judgemental listening: 116 123 is the UK number.

Wishing you all a wonderful break, a cosy, happy, safe and peaceful one,

Love.

Eleanor x