The Verywell Mind Podcast How Your Money Affects Your Mental Health By Amy Morin, LCSW, Editor-in-Chief Published on August 20, 2021 Print Verywell / Julie Bang Table of Contents View All Table of Contents Friday Fix: Episode 98 More About the Podcast Every Friday on The Verywell Mind Podcast, Editor-in-Chief Amy Morin, LCSW, shares the “Friday Fix”—a short episode featuring a quick, actionable tip or exercise to help you manage a specific mental health issue or concern. Follow Now: Apple Podcasts / Spotify / Google Podcasts Friday Fix: Episode 98 You’ve likely heard people say things like, “Money can’t buy happiness.” But, it’s no secret that money does affect your happiness to an extent. When you’re struggling to pay the bills, you’re likely to experience a high level of distress. As a result, it might be hard to focus on almost anything other than your mounting bills. A higher income doesn’t necessarily mean you won’t struggle with debt, however. Many people live paycheck to paycheck regardless of how much they earn. But the link between financial health and mental health goes both ways. Debt may increase your risk of mental health issues, but mental health issues may also increase your risk of getting into debt. It's tough to know how to even get started addressing either issue when you’re experiencing both a mental health issue and some serious financial strain. On today’s Friday Fix, I discuss the link between your money and your mental health and share five strategies for addressing your financial and mental health. When you start feeling better and getting yourself out of debt, you’ll gain some serious relief. The good news is, no matter how bad you feel or how big your financial mess is, there are always steps you can take to address it—even when it feels overwhelming at first. Financial Stress: How to Cope More About the Podcast The Verywell Mind Podcast is available across all streaming platforms. If you like the show, please leave us a review on Apple Podcasts. Reviews and ratings are a great way to encourage other people to listen and help them prioritize their mental health too. Links and Resources Follow Amy Morin on Instagram Check out Amy’s books on mental strength Dealing With the Stress of a Financial Crisis How to Cope with Financial Stress By Amy Morin, LCSW, Editor-in-Chief Amy Morin, LCSW, is the Editor-in-Chief of Verywell Mind. She's also a licensed clinical social worker, psychotherapist, and international bestselling author. Her books, including "13 Things Mentally Strong People Don't Do," have been translated into more than 40 languages. Her TEDx talk, "The Secret of Becoming Mentally Strong," is one of the most viewed talks of all time. See Our Editorial Process Meet Our Review Board Share Feedback Was this page helpful? Thanks for your feedback! What is your feedback? Other Helpful Report an Error Submit Speak to a Therapist Online Advertiser Disclosure × The offers that appear in this table are from partnerships from which Verywell Mind receives compensation.