Wealth is Health

Of all the relationships in our lives, our relationship with money is often the most overlooked. As more people prioritise financial wellness, we asked experts what that means and how to achieve it

- Coco Marett

Mind, body, soul … money? When it comes to self-care, the focus has always been on physical and mental health. But in the ongoing pursuit of holistic wellness, the intersection of psychology and money— and the effect that this has on our overall well-being— is an increasingly hot topic.

Financial wellness is the ability to meet current and future financial obligations, while having the security to deal with unexpected emergencies and staying on track to meet long-term goals. Having a healthy relationship with our finances reduces preoccupation with money concerns, ultimately improving mental and therefore physical well-being.

While money can’t buy happiness—and you’re hearing this from us at Tatler—it can certainly save a lot of stress which has, time and again, been found to contribute to health issues including obesity, heart disease, digestive problems and Alzheimer’s.

Debt and other financial concerns can also have a serious and sustained impact on mental health, doing everything from crippling creativity to affecting personal relationships. When our minds are preoccupied with money-related stress—and money is the number one cause for stress for an overwhelming majority of adults—it makes it harder, if not impossible, to enjoy a full, balanced and happy life.