Financial Wellness month at Retail Trust
With the kids back at school and the summer behind us, now is a good time to review your finances in the run up to Christmas and the busiest time of year for retail.
When it comes to financial wellness from sleepless nights to stress, worrying about money can have a huge impact on our mental health. Retail Trust have created a wide range of expert guidance to help improve your financial wellbeing.
Financial wellbeing impacts every part of life. Put your finances on a healthier path with their guides to everything from good money habits to start today to building financial resilience.
How can I get involved?
There are lots of articles and top tips for you to read throughout September via Retail Trust’s wellbeing portal. Such as:
- Student finances
- Building financial resilience
- Starting good money habits
- Coping with cost-of-living anxiety
- How to pay your next bill
A pack of digital resources has been created to help you promote the content to your colleagues and teams. Don’t forget access to Retail Trust’s online wellbeing resources is included with membership of the CRA. Simply log into the members’ area of the CRA website for more details.
Boost your financial fitness
It goes without saying that things are pretty tough right now: with interest rates rising along with the cost of living, we’re all feeling the pinch. But although most of us are well-versed on the importance of looking after our physical and mental health, many of us don’t realise our financial fitness is also crucial when it comes to our overall wellbeing.
A recent report conducted by the Retail Trust into the health of the UK’s retail workers found that a worrying 80% have experienced a deterioration in their wellbeing in the last 12 months, with over half (52%) telling us the cost-of-living crisis has impacted their mental health.
The most common symptoms were anxiety, reported by 70% of employees, changes in sleep habits (59%), feeling overwhelmed (55%) and struggling to think clearly (47%) – all of which show the crucial importance of financial wellness.
“We should all live a ‘well’ life, whether that’s physically, emotionally, or financially,” says financial coach Catherine Thomas-Humphreys, AKA The Finfluencer. “Money is there to support you living your life, but around half of us don’t feel confident with money, which means wellbeing in terms of finances is missing from their lives.
“If you imagine not having any money, you can see why financial wellbeing is important – it’s stressful and the consequences of managing badly are very hard on us. We’re also very hard on ourselves for financial mistakes, much harder than in other areas of our life. But it’s not just about how much money you’ve got – some people have plenty, but they still don’t enjoy financial wellbeing because they’re so anxious about it.”
To read more about this subject or one of the many other articles provided by the Retail Trust, simply visit retailtrust.org.uk and log into the Retail Trust wellbeing portal. They also have articles on:
- Student finances
- Building financial resilience
- Starting good money habits
- Coping with cost-of-living anxiety
- How to pay your next bill
09/09/2024 13:14