Money, Mental Health, and the Cost of Living Crisis: How Financial Stress is Affecting Us All
Dr.Belynder Walia ???
?? Award-winning Psychotherapist | ??? TEDx Speaker | ?? Author of Fix Me | ???? Founder of Serene Lifestyles | Expert in self-psychology, workshops, and talks, empowering emotional well-being and personal growth.
Dear LinkedIn Community,
With the rising cost of living, financial stress has become an increasingly common challenge. For many, it's not just about managing money—it’s about managing the overwhelming emotions that come with it. From anxiety to guilt and sometimes even shame, the impact of financial stress on our mental health can be profound. As we continue to observe Mental Health Awareness, I want to have an honest conversation about how this stress affects us and how we can take steps towards relieving the burden.
I often hear from clients who feel isolated in their financial struggles. But the truth is, you’re not alone in feeling this way. Financial worries can weigh heavily on all of us, but there are ways to cope that make the journey a little less overwhelming.
One of the most important steps is to seek professional help. Whether it’s a financial advisor to help you get your finances in order, or a therapist to address the emotional toll of anxiety, reaching out for support can make a world of difference. A structured plan can remove the constant worry and allow you to regain control. It’s not about facing everything alone; sometimes, the best thing you can do is share the load.
When managing your budget, it’s essential to do so with compassion. Cutting back doesn’t have to mean cutting out the things that bring you joy. Life is meant to be lived, not just endured. By balancing essential savings with small moments of happiness, you can relieve some of the emotional strain that often comes with strict budgeting. After all, self-care is just as important as paying the bills.
However, one of the most underrated solutions is having open conversations about money. We tend to avoid discussing our finances, thinking it’s too personal or taboo. But by opening up to trusted friends or family, you may find emotional relief and even practical advice that could help. Sometimes, a simple conversation can remind you that you're not the only one feeling this way—and that alone can be a comfort.
I want you to know that your mental health is priceless. Financial strain doesn’t define your worth and shouldn’t rob you of peace of mind. You’re doing the best you can, and that’s something to be proud of.
How are you coping with inflation? Do you think most people cope well with it? I’d love to hear your thoughts, give tips, and share stories in the comments. You might just help share something that could change someone’s life today.?
With understanding and care,
Belynder
Mindfulness Coach, Transformational Leadership Consultant at Senses Mindfulness Coaching & Co-Founder of Man Wave Movement
1 周I could not agree more. I work as a mindfulness coach and music psychotherapist. In my practice, I have been witness to the mental and emotional toll that financial stress can cause and have relative to creating a sense of safety and security in our lives which is critical to sustain our mental health. This often rears its head most often in situations of divorce whereby the system unfortunately is very biased towards men, who more often than not are the primary providers. Many men are lucky enough to walk away with the shirt on their backs and a vehicle. Some even less. Is it any wonder that rates of domestic violence escalate in these situations? Some men out of being chivalrous leave property and assets to their ex-wives and children, many of whom are left to with little to no access to their children. Children need both parents as role models and support; without them they are left to fend for themselves or have unresolved attachment trauma which perpetuates dysfunctional family dynamics and systems moving forward. Thanks for sharing this article
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2 周This crisis is showing how we can be more sustainable and yet be luxurious. We need Minimalism in our life. Have to understand the concept of more. What is more? What is less?
We can create a supportive environment that encourages open conversations about our challenges.