In case you haven’t heard, May is Mental Health Awareness month and it comes as no surprise to learn that financial wellness and mental health can be directly related. In fact, “One study found that individuals with depression and anxiety were three times more likely to be in debt. Other studies have even found a link between debt and suicide.” (Morin, 2019) Now, I’m a financial advisor and not a mental health expert but I think it’s important to provide you a way to connect with mental health resources since the search alone can be overwhelming.
First and foremost, if you or someone you know is struggling with suicidal thoughts please use the National Suicide Prevention Lifeline at 1-800-273-TALK (8255) or TTY 1-800-799-4889. The free and confidential Lifeline is available 24 hours every day in the U.S. Sometimes it will take a moment to speak with someone and if you can’t wait, call 911.
Washington state offers 24-Hour Crisis Lines (see numbers below) that provide immediate help to individuals, families, and friends of people in emotional crisis. The Crisis Line will help you determine if you or a loved one needs professional consultation and link you to the appropriate services.
North Central WA
Pierce & Southeast WA
The WA Warm Line at 1-877-500-WARM (9276) offers peer support for people living with emotional and mental health challenges. Their office is open everyday between 12:30 pm and 9:00 pm and helps with people experiencing anxiety, depression, loneliness, problems with family or friends, and other emotional or mental health challenges.
These are only a few of the phone numbers I found online and oftentimes the crisis lines will provide you with more information and additional resources. If you want to learn more about the correlation between financial wellness and mental health read “How Mental Health Affects Your Financial Health”. To start taking control of your financial journey, book your appointment with KJ Dykema, MRFC® today.
Morin, A. (2019, September 10). How Your Mental Health Affects Your Financial Health. Psychology Today. Retrieved May 18, 2022, from https://www.psychologytoday.com/us/blog/what-mentally-strong-people-dont-do/201909/how-your-mental-health-affects-your-financial-health.