On the jobsite, we know that distractions are a safety risk. When your mind is preoccupied with your finances, your stress rises and your risk increases. Research shows that people with debt are twice as likely to experience mental health issues. Often, finances can impact our physical and emotional well-being. This stress can lead to distraction and reduced productivity at work.
In this month’s toolbox talk, we are discussing financial wellness and tips for taking care of your mental health.
Here are some tips:
Stay Positive. This may make you roll your eyes, but hear us out. First, it’s important to keep debt in perspective and recognize that owing money is not a life-or-death situation. Try to focus on the positive aspects of your life, no matter how small. It can be as simple as feeling grateful for having breakfast or appreciating your family.
Self-Care: It’s also important to take care of yourself during stressful times. There are many things we can’t control when it comes to finances, and we can’t always change our financial situation overnight. However, we can control how we respond to stress and how we care for ourselves.
Next, educate yourself about personal finances. If you need more information about building a budget, planning for retirement, or financing college, seek out financial literacy classes.
Use Resources: Lastly, don’t hesitate to utilize available resources and seek support. Many Employee Assistance Programs (EAPs) offer personal financial advice and assistance. You can also explore local or national resources for financial aid, food stamps, or loans.
Financial stress can lead to mental health challenges, including suicidal thoughts. While finances can feel daunting, understanding that solutions are available can make financial stress more manageable.
Here are our four resources to help with your financial well-being:
Financial Wellness Video Toolbox Talk
