Causes of financial stress
Feeling stressed about money isn’t always about how much you have. Even people who aren’t struggling financially can feel pressure around their finances.
Your situation (like job security, savings, or support networks) can shape how much certain life events affect you. For someone already doing it tough, an unexpected cost can hit much harder.
Sometimes financial stress comes from things outside your control. Other times, it might be linked to past decisions, limited financial knowledge, or someone else having control over your money.
Here are some common reasons people might feel overwhelmed about money:
- Changes in income
- Losing your job or regular income
- Taking a pay cut or reduced hours
- Being unable to work due to illness, injury, or caring responsibilities.
- Unexpected expenses
- Debt and financial pressure
- Limited financial resources
- Personal challenges
Recognising the causes of financial stress is an important step toward regaining control and finding relief. It's important to remember that you're not alone in this journey.
Whether you're facing immediate financial difficulties or seeking to improve your financial wellbeing, there are resources and people ready to assist you.
- Visit our short-term help for financial stress page to learn practical strategies to manage immediate financial pressures.
- Visit our support services for financial stress page to connect with organisations that offer financial counselling and assistance.
Taking the first step to address financial stress can feel daunting, but reaching out for support is a sign of strength. Remember, help is just a call or click away.
