Your Wallet and Your Well-Being: How Financial Stress Impacts Mental Health

May is Mental Health Awareness Month—a time to reflect on the factors influencing our emotional well-being. While many things shape mental health, one of the most common (and overlooked) contributors is money.

If you've ever lost sleep over bills, worried about rising expenses, or felt overwhelmed by debt, you're not alone. According to the American Psychological Association, money consistently ranks as a top source of stress for Americans. At UT Federal Credit Union, we recognize that financial and mental health go hand in hand, and we're here to help you with both.

The Connection Between Finances and Mental Health

Money problems can be more than just frustrating—they can be emotionally draining. Some common signs of financial stress include:

• Anxiety about opening your mail, checking your account, or answering the phone
• Trouble concentrating at work or school
• Difficulty sleeping or changes in appetite
• Feelings of guilt, shame, or hopelessness about debt

Long-term financial strain can contribute to mental health challenges such as chronic anxiety, depression, or even physical health problems. It can also lead to relationship tension, decreased productivity, and difficulty planning for the future.

But there's good news: just like your physical health, your financial health can improve with time, support, and the right tools.

You Don't Have to Navigate This Alone

At UTFCU, we care about more than your account balance—we care about your peace of mind. That's why we partner with GreenPath Financial Wellness, a trusted national nonprofit that helps individuals and families regain control of their finances.

As a UTFCU member, you can take advantage of GreenPath's expert guidance at no cost, including:

• Free Financial Counseling: Talk to certified experts who will listen without judgment and help you make a personalized plan.
• Debt Management Plans: Consolidate credit card payments and possibly reduce interest rates.
• Budgeting Tools: Use GreenPath's interactive worksheets and calculators to build a realistic spending plan.
• Educational Resources: Access articles, webinars, and guides on topics such as saving, student loans, and homeownership.

Whether you're facing debt, planning for the future, or simply want to build healthier habits, GreenPath can help you take the next steps with confidence.

5 Ways to Reduce Financial Stress

Here are five small but powerful actions you can take today:

1. Create a Monthly Budget - Knowing where your money goes is the first step to controlling it.
2. Automate What You Can - Set up auto-pay for bills and auto-transfer to savings to reduce mental clutter.
3. Start an Emergency Fund - Even $10/week can add up and give you peace of mind.
4. Talk to Someone You Trust - Whether it's a friend or a financial counselor, opening up helps reduce shame.
5. Use UTFCU Tools - Our Digital Banking app makes it easy to track your spending, set savings goals, and stay on top of your finances.

We're Here to Support You

Mental health and financial health are deeply connected. Let's take steps to improve both this May, one small win at a time. UT Federal Credit Union and GreenPath are here to guide and support you on your journey toward financial wellness and peace of mind.

Ready to Talk?

Visit GreenPath Financial Wellness or call us at (800) 264-1971 to learn more about your free access to GreenPath Financial Wellness through UTFCU.