Each month in 2022, the Plutus Foundation Impact Series features select articles, podcast episodes, and videos from participating content creators, all around a central theme.
The theme for March is mental health. A healthy mental state often precedes ability to succeed financially, and poor mental health can place obstacles between one’s current situation and an ideal relationship with money. While fortitude and grit play a role in overcoming these obstacles, early or generational trauma can be a factor limiting outcomes. How can you better position yourself for success through focusing on mental health? And what do we need to understand about mental health to be more effective in giving advice about money? The best solutions, advice, and stories from the Plutus Community will help you have an impact on your life.
“Being thankful doesn’t have to only mean piled-high plates, saying a quick grace and the yearly ritual we have all come to know in the United States as Thanksgiving. The ritual of giving thanks has benefits for all of us, all-year round. Apparently, gratitude is also good for your mental health, your physical health, and your wallet.”
“Did you know that debt is one of the leading causes of stress in the United States? And when it comes to debt, those money worries can be incredibly stressful. If you’re feeling overwhelmed by your debt, don’t worry – you’re not alone.”
“The roaring twenties did not start how many of us would have liked. An unfortunate lasting effect of the pandemic is that the mental health of many has suffered. Not seeing loved ones for months (or even years) has produced increased anxiety, depression, and substance abuse among the population.
If the last couple of years have you feeling down, know you’re not alone.”
“A hallmark of shopping addiction is impulse buying and spending beyond one’s means. Impulse spending isn’t only a shopping addiction behavior (SAB), it is also a symptom that can accompany mental illnesses such as bipolar disorder and ADHD. Impulse spending can be devastating on personal finances.”
“Is there a link between money and mental health? Yes, it turns out that money and mental health are closely connected. Depression and other mental health conditions can impact one’s ability to earn money, get along with others, and manage activities of daily living. Not only can mental health affect your finances, but money (or the lack of it) impacts mental health and wellbeing, too.”