Money and mental health: 8 tips to give yourself a financial check

Money and mental health: 8 tips to give yourself a financial check

Amid increasing inflation, money can negatively impact mental health. Here are 8 ways to give yourself a financial check.

1. First and foremost, understand your current financial situation.

2. Transfer your credit card debt to limit debts for a set amount of time.

3. Check your overdraft fees and switch to an account that offers a lower one.

4. Before signing up for new financial policies, check the best deals available by using price comparison websites.

5. Use budgeting apps to get an overview of your account activity and spending habits.

6. Check your bank statements regularly and cancel unnecessary payments and subscriptions.

7. Evaluate your phone bills to opt for cheaper plans to limit your monthly allowance.

8. From marriage allowance to the Rent-a-Room scheme, you can opt for various ways to cut your tax bill.