Stress, anxiety and depression

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Coping with money worries

It's normal to feel worried, anxious or down when times are hard. Job insecurity, redundancy, debt and financial problems can all cause emotional distress.

But there are lots of things you can do to help yourself if you're in a difficult situation.

David Richards, professor of mental health services research at the University of Exeter, explains how financial problems can affect your mental wellbeing. He also offers lifestyle tips to help you out of a slump and advice on when to seek medical help.

How financial problems affect mental health

When you've been made redundant or you're struggling with debt, feeling low or anxious is a normal response.

Losing your job can affect your self-esteem and financial circumstances, which in turn can trigger emotional distress. Fear of redundancy can also lead to worry, which is a very common human emotion.

You may be feeling, behaving or thinking in ways that are unfamiliar. But this doesn't necessarily mean you're suffering from depression or an anxiety disorder.

How can you feel more positive?

Professor Richards' top tips for coping with feeling low and anxious are: "Be more active, face your fears, and don't drink too much alcohol."

  • Being more active means not withdrawing from life. Keep seeing your friends. Keep your CV up-to-date. Don't ignore the bills – try to keep paying them. If you have more time because you're not at work, take up some form of exercise, as it can improve your mood if you're feeling low. See Get fit for free for ideas on how to exercise without spending any money. You can also search for exercise classes and sports clubs close to where you live.
  • Facing your fears means not avoiding things you find difficult. For example, if it looks like you're going into debt, get advice on how to prioritise your debts. When people feel anxious, they sometimes avoid talking to others. Some people can lose their confidence about driving or travelling. If this starts to happen, facing up to these situations will generally make them easier.
  • For some people, alcohol can become a problem. You may drink more than usual as a way of dealing with or hiding your emotions, or just to fill time. But alcohol won't help you deal with your problems and could add to your stress. Get tips on how to cut down on alcohol.

Why routine is important

If you don't have to go to work in the morning, you can get into a poor sleep routine, lying in bed until late or watching TV all day. Get up at your normal time and stick to your routine.

If you lose your routine, it can also affect your eating. You may stop cooking, eat snacks instead of having proper meals, or miss breakfast because you're still in bed.

For tips on healthy eating, see Food and diet.

When should you get medical help?

Most people who experience emotional distress will pick themselves up after a few days or weeks and then feel able to tackle challenges such as finding a new job.

But for a small number of people, the feelings of anxiety and low mood don't go away, and these feelings interfere with the way they live their life.

If you're still feeling worried, anxious or low after a few weeks, see your GP. You may find that talking to a professional therapist could help. Your GP can advise you on talking therapy services in your area.

Search for counselling services near you.

Seek help immediately if...

If you start feeling like you really can't cope, life is becoming very difficult or isn't worth living, get help straight away. These are dangerous signals that mean you need to talk to someone.

As above, either see your GP or contact helplines such as Samaritans (08457 90 90 90) for confidential, non-judgemental emotional support. 

If you've had depression or anxiety before, even if it wasn't formally diagnosed, seek help immediately. You're more likely to have an episode of depression if you've had one before.

Further help for money problems

Citizens Advice Bureau

The Citizens Advice Bureau is a good place to get information about benefits, how to deal with debt, what you're entitled to if you're made redundant, and who to speak to if you end up losing your home.


The GOV.UK website has sections on:

Finding a new job

The Jobseekers section on GOV.UK provides lots of advice for people looking for work, including tips on how to write a CV, planning your job hunt, and applying for jobs online.

Staying healthy on a budget

You can find lots of ideas for exercising and healthy eating on a budget in our Fitness and Food and diet sections.

Coping with debt

Citizens Advice Bureau has lots of information on sorting out debt on its website in the section on Help with debt. The charity Mind has a section on its website called Money and mental health, which includes advice on how to manage debt.

Other useful organisations include:

Page last reviewed: 11/04/2015

Next review due: 11/04/2017


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The 4 comments posted are personal views. Any information they give has not been checked and may not be accurate.

lilmall said on 04 June 2015

I have found this very helpful as recently I have lost my confidence and interest in keeping active, and I used to go to the cinema on a regular basis.
But reading this has given me information on gettng better about myself.

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serpentina said on 12 June 2014

"Don't ignore the bills; try to keep paying them."

Surely you wouldn't ignore the bills if you actually had the money. What are you meant to keep paying them with?

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redundant48 said on 07 April 2014

When i read the comment by ivonette i feel i have no right to be feeling the way i do. I am not in debt, i do not have an abusive relationship. - Problem is that, despite me knowing there are many people worse off than me, i feel absolutely worthless.

Made redundant after 26 yrs - Every job advert i see i cant do. Worry that i will never work again. Worry that i am not good enough to compete. Not missed a days work in 15 years - Always went beyond the call of duty etc and then BAM! No job!
I think the advice on this page is useful - I think that if you are aware that you are suffering from "major depression" as ivonette describes, then perhaps the advice is a little lightweight, however i think for me it gives me a starting point - Every journey starts with but a single step and for me. coming to this site was that single step. Recognising i have an issue and need help has to be a good thing?! Not talking to other people is my biggest problem - If i internalise my fears surrounding my situation i only end up discussing them with a very negative person - Maybe if i talk to a professional i will get a more balanced or even positive response.
Ivonette - i know it was 6 months since you posted - I hope that things are looking up for you - You are clearly an articulate an intelligent woman. I am not one to give advice but (and now i am going to hypocritically give advice) i would say keep talking. If the councillors did not understand your situation then search for others that do - Just keep talking to real people. For me its better than the conversations i am having with myself

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ivonette said on 23 September 2013

This is rubbish advice. I've lived and breathed minor/major depression and anxiety for nearly 20yrs. But in the past year or two it's become extreme major depression. The light way this article tells you to 'seek advice from a medical professional'. As if!

The whole point about my anxiety and depression right now, is that they are so crippling, and as an in-debt unemployed mother with major depression and social phobia on the receiving end of domestic abuse, there is absolutely no chance on Earth that I will ever be in a position to just seek medical advice. I can barely leave the house in daylight I am that low, so don't tell me I can just nip to the docs.

I have a masters degree and a first class batchelors degree and still can't find a job. I am desperate for help and have tried NHS councilling but felt the details of my situation were not understood at all by the 'professionals', who were less academically/generally life qualified than I am. I became a statistic on a piece of paper rated satisfactory to extremely unsatisfactory.

If you only answer me one thing, how am I supposed to go and seek medical help with severe social anxiety?

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Media last reviewed: 09/04/2014

Next review due: 09/04/2016