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There is a direct link between financial and mental wellness. Financial stress can cause emotional stress, it impacts our relationships and our workplace.
And when it comes to managing money, we also need to be aware of our money emotions - what makes us spend, why does money make us anxious?
While financial stress can cause emotion stress, financial difficulties could also be a result of a mental or emotional challenges.
For example, if you are feeling stressed you are more likely to make impulsive purchases to make yourself feel better. If you feeling depressed, you may start slipping behind on bills. A person who suffers from bi-polar disorder may have manic episodes where they shop compulsively.
In this video Dr Lesego Rametsi who is the group head of health and wellness at Absa, provides insights into the impact of mental wellness on our finances and how to overcome some of the negative behaviour patterns.
Whether you’re struggling with financial stress or simply looking to improve your overall health, take the time to invest in both and prioritize your well-being.
Read more on our special Absa Money Makeover site.
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