Money and Mental Health

Citizens Advice Bucks and Buckinghamshire Mind release new research report

We have recently joined forces with Buckinghamshire Mind have and commissioned a research report to explore how our two charities can work together to help those affected by the Cost-of-Living Crisis. The research report has been released today and can be read in full by clicking the button at the bottom of this article.

The relationship between finances and mental health is something both our charities have been aware of long before the cost-of-living crisis and is something we see every day.  And the connection between money and mental health was clearly highlighted in the report with 92% of respondents saying that they felt that money impacted their mental health. 


Money and Mental health

The report has helped us understand more about this important area. With thanks to all the people who took part, both us and Buckinghamshire Mind can look at how we can better help serve people who are facing mental health challenges as well as financial worries by working together and drawing on each other’s expertise.

Thalia Jervis. our CEO here at Citizens Advice Bucks states:

‘Working with Buckinghamshire Mind is a great opportunity. We all know that money issues can have negative effects.  Our volunteers hear this all the time.   Having a report that gives a voice to the people of Bucks is so important. It also highlights where we could be doing more and will be used to inform our future service design. The report makes for sad and salutary reading – but demonstrates just how important the work is that we are doing.     We want to tackle the feelings of stigma about asking for help and provide them with the advice and support they need to get back on track.”

This research asked people in Buckinghamshire how they felt about their money problems and what might stop or encourage them to ask for help. It also explored what support people would like to see in services available to help.

 Most respondents (again over 90%) felt that money had a negative impact on their mental health. People also felt angry about their situation. There were significant stigma around money and mental health. The most common were feeling judged around how you spend money; embarrassment with not being ‘successful,’ able to provide, or seen as a ‘scrounger’; and shame in getting support and losing financial independence

The report highlights the need for services that help with money issues and mental health to have direct human contact, for example through face to face or on the telephone. Access to practical help and information that is relevant to their financial concerns as well as a welcoming, non-judgemental, safe space to talk about their feelings.

Andrea McCubbin, Chief Executive at Buckinghamshire Mind, said

“Together, Citizens Advice Bucks and Buckinghamshire Mind are committed to finding new solutions and additional support to tackle our community’s money worries and matters which directly impact mental health and wellbeing. This will not be an easy task, but the report’s findings illustrate just how important it is that we work together to provide the support that so many people desperately need.”


Translate »
Skip to content