Money on your mind? Reach out for help today

Whether its debt, loss of income or a change in your circumstances, money can have a huge impact on our mental health.

The full impact of money worries on mental health has been confirmed in recent research by Financial Counselling Australia, as the non-profit organisation which operates the National Debt Helpline launched its new campaign to promote Australians to reach out for help. 

National Debt Helpline spokesperson Maura Angle said with the country now in a recession, demand for the service was set to increase.

“Sadly, we’re expecting to see more Australians need our help as government assistance measures are reduced and bank loan deferrals come to an end,” Ms Angle said. 

“This all means more and more people will find themselves in financial stress and struggling to stay afloat.

“If you’re experiencing this, make sure you reach out today. Our services are free, independent and non-judgemental. Our financial counsellors are here to assist you with any debt challenges you’re facing and can help you review your options and get back on track.”

Unfortunately, the stigma of money problems can cause many people to shy away from asking for help.

“We know how hard that first phone call can be, but there’s no shame in your struggles. Our counsellors are there to support you, they’re there to help you get on top of debt,” Ms Angle said. 

“There are many ways you can reach out for help. Whether it’s through our ‘find a financial counsellor’ map, or over the phone on 1800 007 007.

“Reaching out is the first step, and our counsellors will be there to help you throughout the process. We’ll discuss your income and expenses and can connect you with other helpful resources such as mental health support, emergency food relief or legal advice.” 

For more info and resources on how to better manage your money, visit RACQ’s Financial Wellbeing Hub.