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Money on your mind?

Everyone has had some kind of worry about money.  However, for some, that worry is more than just that.

This year more than perhaps any other is significant when thinking about money and mental health.  With the Pandemic now into its twentieth month and no sign of it going away, the end of the furlough scheme, payments commencing on bounce back loans and the weekly £20 top-up for universal credit ending, this is a very worrying time for individuals and businesses alike.

It is well known that there is a link between money worries and mental health problems such as depression, anxiety, and substance abuse.  All of these then lead to the individual or business owner not being in a position to effectively manage either their own finances or business finances effectively.  In some cases, it is both especially where a director may have personally guaranteed business creditors.

What are the signs that you or someone you know may be struggling with financial worries:

  • Not opening post, stuffing it in a draw ‘to deal with later’
  • Avoiding calls
  • Ignoring emails
  • Taking on more debt to try and consolidate other debt
  • Missing payments on credit cards or only making minimum payments
  • Bank account regularly overdrawn
  • Lack of sleep

What can I do if I have financial worries for myself or my business?

It is important to speak to someone about any worries you have, whether financial or otherwise.  If you would prefer not to speak to someone you know, then there are several charities that can help such as or .

Or alternatively, if you have specific worries regarding your finances whether business, personal or both give one of our friendly team a call on 01253 299399.  We offer an initial free, confidential and most importantly non-judgemental advice meeting.  This can be in person if you’re fairly local, over the phone or by video call.

Blackpool: 01253 299 399 | Carlisle: 01228 558 899