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Finance and mental health: how to weather the anxiety of COVID19?

Guest blog post by Ana Herrero-Wallace

Financial anxiety induced by COVID19

Financial anxiety

Since March we’ve all been thrown into chaos due to COVID19, and the implications of that on our mental health are still being discovered. One of the aspects that’s cause for concern is personal finance, and yet there doesn’t seem to be a lot out there to help us get through it. 

It’s absolutely normal to have financial concerns in such uncertain times, whether you lost your job, are not sure how secure your current role is, or are worried about your investments and how to make it through the storm. Or perhaps due to media coverage, you’re worried about whether or not you should buy/sell, if you’re going to lose money, if you should invest at all or what to do if you already have. These are legitimate reactions to have right now, and we’re all experiencing the uncertainty.  

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how my mental health affected my financial situation

finances mental health
Photo by Andrea Piacquadio from Pexels

Over the summer I listened to a few financial podcasts and was inspired by one particular episode in which the guest was talking about her childhood and how it had deeply affected her relationship with money. This got me thinking about the connection between finance and mental health and how they influence each other, and I decided it was an important topic to cover.

If you think about it, personal finance and mental health are both topics that aren’t really talked about that much. If you want to learn how to manage your finances properly you have to seek out information, but conversations about money can still be considered taboo in certain societies, and no one is ever taught financial literacy. Yet our financial wellbeing has such an impact on our general wellbeing, it strikes me as strange we don’t address it more often.

For this blog post since I don’t have much experience myself, I put out a call for contributions and was fortunate enough to have a few people respond. The following is an interview/guest blog post by Celine who was willing to share her story. I hope you enjoy, and thank you to her for contributing!

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