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First published:
11/05/2018

Top Tips & Advice

Why the Mental Health and Money Advice service is helping people with mental illness and money issues

At the Mental Health and Money Advice service, we acknowledge the need to support people who are affected by mental health and money problems. And we are determined to offer help and support to those in need.

What is the connection between mental illness and money problems

One in four people are affected by a mental health condition, and, of these close to four million will struggle financially. In addition, a further four million people are at risk of developing a mental illness as a direct result of their financial situation.

With a lack of support, money issues combined with a mental illness can create a vicious cycle. At its worst, this can lead to spiraling debt, family problems and homelessness.

One of the main concerns for a lot of people living with a mental health condition and money issues is the UK benefits system.

Many find the benefits system complicated and emotionally draining. When communicating with people with a mental health condition, it’s clear that the benefits process simply can’t assess the complexities of what living with a mental health condition means.

How the Mental Health and Money Advice service can help you

Here at the Mental Health and Money Advice service, our website is designed specifically to offer concise and impartial advice to people experiencing both mental health and financial difficulties.

We provide free information and support through our easy to use knowledge base for anyone affected by these matters including carers, family members and, industry professionals.

The website offers detailed advice on a range of topics including:

"We also have a small team of dedicated mental health and money advice specialists who offer one-to-one advice and casework over the telephone."

One-to-one advice service

We also have a small team of dedicated mental health and money advice specialists who offer one-to-one advice and casework over the telephone.

Access to this service is only available via referral from several of our partners.

If you’re currently receiving support from one of our UK charities - Rethink Mental Illness, Hafal, Mindwise or Support in Mind - and are experiencing mental health and money issues, please contact your support worker to be referred to our Mental Health and Money Advice service.

Top tips and advice

  1. What the 2018 PIP ruling means for those living with mental health issues
  2. Why the Mental Health and Money Advice service is helping people with mental illness and money issues
  3. What to do if money worries are affecting your mental health

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