Money Talks

Finances and mental health often go hand-in-hand, so it’s important to not ignore the issue

- Ellie Fells

As a nation, there’s no denying that we’re slowly getting better at talking about our mental health – but money is an area that many of us are not quite so good at discussing. Indeed, a recent report carried out by YouGov and commissioned by Lloyds Bank revealed that a staggering 50 per cent of UK adults said that talking about personal money matters is taboo in everyday conversation.

‘People in problem debt are nearly two-anda-half times as likely to experience mental health problems’

However, not talking about money can have a hugely damaging impact; savings, mortgages, bills, bank accounts and so on can be daunting prospects, and if we keep our concerns to ourselves, it’s all too easy for the pressure to mount up. The Money and Mental Health Policy Institute was set up by Martin Lewis, better known as the Money Saving Expert, in a bid to change this. It is an independent charity that carries out a huge amount of research to better understand the link between money and mental health, with a