Managing Money & Debt: Mental Health & Money Advice
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Links between mental health and money
Understand the links between mental health and money, who it affects and what the impacts might be.
Managing your money
Managing your money can be difficult, and your mental health can suffer if you are dealing with money worries like getting into debt, overspending and problems with benefits.
Cost-of-living crisis and your mental health
We know that many people are feeling the strain as the cost of living continues to increase. In this section, you will find information about how you can maintain your mental wellbeing at this time, alongside information on how to manage your money as your bills rise.
Insurance and mental health guide
This insurance and mental health guide offers help for people living with a pre-existing mental health condition. You can find information on the type of coverage you may need, how to find the right insurer, a list of specialist insurance providers for people with mental health conditions, what your rights are and how to make a complaint about an insurer.
- Mental health and insurance cover
- What insurance might I need if I have a mental health condition?
- How to find the right Insurance cover with a mental health condition
- Specialist insurance providers for pre-existing mental health conditions
- What are my rights when applying for insurance with a mental health condition?
- How to make a complaint about an insurance decision made about your mental health
- Advice for insurance professionals working with a client who has a mental health condition
Options for dealing with debt
We know that debt can cause a lot of stress and impact on your mental health, but there are always options for dealing with it.
- What is breathing space?
- What is a mental health breathing space?
- Priority and non-priority debts
- Bank accounts and debt
- Drawing up a budget sheet
- Negotiating reduced payments
- Free Debt Management Plans
- Administration Order
- Debt Relief Order
- Individual Voluntary Arrangement
- Will I be 'blacklisted'?
- Write Offs
- What can creditors do if I don't pay?
- How to deal with debt collectors in the UK
- Should I tell creditors about my mental health?
- Getting help from a specialist adviser
- What to know about loan sharks
Can someone else manage my money?
An elected person can manage your money if you want them to, but it's important to consider the facts before making any arrangements.
Cancelling something if you're unwell
Understand the rules around borrowing money, and what options you have if you're too unwell to pay the money back.
Wills and trust funds
Understand how you can pass your money and the things you own to a relative or someone close to you when you die.
Understanding gambling and mental health
In this section, we share the links between problem gambling and mental health conditions and offer advice for recovery.