Practical financial skills to manage money

We know there’s a big link between mental wellbeing and financial wellbeing. Worrying about money can make our mental health worse, but poor mental wellbeing can also make it harder to manage finances. The COVID-19 crisis has impacted many people’s finances – you may have been laid off, had your work hours reduced, or had to take a pay cut.

However, there are some simple steps you can take to help yourself better understand your financial situation, and make choices that can improve your wellbeing. This guide from Finty aims to equip you with money management skills, an understanding of the link between your health and finances, and advice on managing debt.

It includes a guide on managing a budget, cutting expenses if required, and links to other useful resources. Some of the advice is aimed specifically at an Australian audience, so may not be suitable for users in the UK. However, many of the tips can be applied no matter where you live or work.

HR managers or team leaders might like to share this guide with their employees to help them cope in difficult financial situations.