Personal Finance and Mental Health: When to See a Therapist

Finances play a crucial role in our mental health and well-being. But when money become a problem, it may be time to consult with a therapist.

Has it ever occurred to you that personal finance and mental health can have something in common? Actually, did you know that there are lot of people who choose to see a therapist because of their money problems?

There’s a saying that says “Money can’t buy happiness“, but nobody really likes to talk about what happens when you’re buried in debt or run out of cash and have no savings to rely on.

Money problems can quickly take a toll on someone’s mental health and, as much as many of us prefer to avoid the subject, it’s always best to lay all the cards on the table and admit when it’s time to look for a therapist. After all, our financial situation plays a crucial role in our mental health and well-being. But when money – or lack of it – becomes a problem, it may be time to consult with a professional.

Personal Finance Mental Health - When to See Therapist

How can a therapist help me feel better about not having money

When you’re dealing with financial instability, it’s easy to find yourself lying awake at night, thinking about what to do about your situation. Bills piling up, arguments about how split your budget and other money related issues can add up. After a while, you may find yourself so overwhelmed, it can feel like you’re suffocating.

When everyone around you can afford to go on a fun vacation, but you often find it difficult to even pay your rent, it may be time to look for a therapist who can help!

Going to therapy is nothing to be ashamed of. On the contrary, the first step to learning how to be strong in a complicated situation is to simply admit you need help overcoming your problem.

Do you maybe spend too much money on useless things? Do you find yourself buried in debt and unable to get out of an unpleasant financial loop?

Depression, anxiety and other disorders are among the most common problems that people experience when they have big money problems. There’s even a link between suicide and debt. According to studies, people who commit suicide are 8 times more likely to be in debt. A good therapist may be able to help you out.

When is it time to go to therapy because of my money problems

When stress starts to affect your spending habits or when you find yourself overwhelmed by having to live paycheck to paycheck while you pay your debts, it’s definitely time to look for a therapist!

Waiting to long to see a specialist will only aggravate the problem. For instance, a lot of people with mental health problems may be more prone to making bad money decisions, like overspending. Others, for instance people suffering from anxiety, may find that dealing with too much debt is too stressful, so they may downright ignore it.

In order to avoid making matters worse, it’s best to turn to a reliable therapist to help as soon as you realize you may need to.

Final thoughts

One of the reasons why many people struggle with mental health problems because of money is because both are such sensitive topics. Nobody like to admit they have money issues and the same can be said about admitting to yourself and to others you need to see a therapist.

That said, the best way to deal with mental health and personal finance problems is to tackle them head-on. Once you do and once you find a good therapist to help, things will only start to get better.



I'm Adriana, a passionate SEO expert with a knack for budgeting. As an SEO whiz, I help businesses reach their goals. In my personal life, I care about empowering myself and others to make the most of every cent.

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