Financial anxiety, the persistent worry about money and economic security, is a common yet often overlooked factor in mental health. From managing daily expenses to planning for the future, financial challenges can significantly impact emotional well-being, leading to stress, depression, and even physical health issues. The intricate relationship between financial stability and mental health highlights the importance of addressing this anxiety with empathy and practical solutions.
Sradhanjali Dasgupta, a Kolkata-based Senior Consultant Psychologist and the Founder of Wandering Mind by Sradhanjali, has helped many individuals navigate financial anxiety. Through her compassionate and evidence-based approach, she empowers her clients to understand the psychological roots of their money-related stress and develop strategies for resilience.
Financial anxiety is often fueled by uncertainty and fear of the future. Economic instability, unexpected expenses, and debt are among the most common triggers. Sradhanjali explains that financial anxiety can manifest in various ways, including obsessive budgeting, avoidance of financial discussions, or compulsive spending. These behaviors, while attempts to regain control, can often exacerbate feelings of helplessness and stress.
The mental health consequences of financial anxiety can be far-reaching. It often leads to chronic stress, which can impair cognitive function, decision-making, and overall emotional stability. Relationships are also affected, as financial disagreements or secrecy can create tension between partners or family members. Sradhanjali stresses the importance of addressing these challenges collaboratively and with open communication.
In her practice, Sradhanjali adopts a holistic approach to financial anxiety, combining psychological techniques with practical advice. Cognitive-behavioral therapy (CBT) helps clients identify and challenge irrational beliefs about money, such as equating financial worth with self-worth. She also encourages mindfulness practices to reduce the immediate impact of financial stress, helping clients regain a sense of calm and control.
For long-term solutions, Sradhanjali advises breaking down financial goals into manageable steps. Setting realistic budgets, seeking professional financial advice, and building a support system are crucial strategies. She reminds clients that financial anxiety is not a reflection of their abilities or character but rather a response to external pressures that can be managed with the right tools.
Beyond individual support, Sradhanjali is an advocate for raising awareness about the intersection of financial and mental health. In her articles for platforms like Fabulous She, she highlights the systemic factors that contribute to financial anxiety, such as gender pay gaps, cultural expectations, and limited access to financial education. Her insights inspire both individuals and communities to approach financial challenges with empathy and practical solutions.
Ultimately, addressing financial anxiety requires a balance of emotional resilience and actionable steps. Sradhanjali emphasizes that healing begins with acknowledging the problem and seeking support, whether from loved ones, mental health professionals, or financial advisors. By tackling the stigma around money-related stress, she empowers individuals to reclaim their emotional and financial well-being.
The intersection of financial anxiety and mental health is a reminder of the interconnected nature of our challenges. Through her work, Sradhanjali provides hope and guidance, demonstrating that with awareness and effort, it is possible to overcome these struggles and build a healthier relationship with money and oneself. Follow for more on https://www.facebook.com/WanderingMindbysradhanjali
