It is Mental Health Month this May, and an opportunity to reflect on the impact of finances on mental health. At Cross Border Financial Planning, we understand that financial well-being and mental health are deeply intertwined. Here’s our take on the relationship:

• 1

  Financial Stress Impacts Mental Health: Money worries can weigh heavily on your mind, leading to stress, anxiety, and even depression. It is evident how financial struggles can take a toll on mental well-being, affecting decision-making and overall quality of life.

• 2

  Wealth Brings Its Own Challenges: Even those with substantial wealth aren’t immune to mental health struggles. Managing wealth comes with its own set of pressures and anxieties, from concerns about preserving assets to navigating family dynamics and societal expectations.

• 3

  Behavioural Patterns Matter: Our team knows that your attitudes and behaviours toward money can reveal a lot about your mental health. Whether it’s overspending, avoiding financial planning, or experiencing difficulty with impulse control, these habits often reflect underlying psychological issues that warrant attention.

How we can help:

• 1

  Comprehensive Financial Planning: Our advisers offer holistic financial planning services that take into account not just your monetary goals, but also your values, aspirations, and concerns. By aligning your financial plan with your overall well-being, we aim to reduce stress and promote peace of mind.

• 2

  Guidance and Support: We’re here to provide guidance and support during both financial and emotional challenges. Whether you’re facing a financial crisis or struggling with mental health issues, our team is committed to helping you navigate these obstacles with confidence and resilience.

• 3

  Education and Empowerment: Through educational resources and personalised advice, we empower our clients to take control of their financial futures. By fostering financial literacy and promoting healthy money habits, we aim to equip you with the tools you need to manage both your finances and your mental health effectively.

We recognise the profound connection between money and mental health, and we’re dedicated to supporting you every step of the way. Together, we can build a brighter financial future while prioritising your overall well-being.

Please feel free to contact us to find out more.

Investments can rise and fall, and you may get back less than what you started with.

This article is for guidance only and does not constitute individual financial advice.

The Financial Conduct Authority does not regulate tax planning. Cross Border Financial Planning are not tax advisers and we do not offer tax advice.