Financial Wellness and Mental Health
10/07/2024
By: Michelle Besaw
The mental health crisis in the United States continues to be a major concern. October 10th, we observe World Mental Health Day. The overall objective of World Mental Health Day is to bring awareness to mental health illnesses and bring attention to resources to help cope with them.
Financial well-being can impact nearly all areas of your life including your mental health.
According to a study done by the Financial Health Network, “many American families are living under severe financial constraints, with 29% reporting that they are unable to pay their bills on time and 29% reporting unmanageable levels of debt,”.
Furthermore, research scientist, Oscar Jimenez-Solomon, of the New York Psychiatric Institute, says, “studies show that people who have difficulty repaying their debts and have a high number of debts have a significantly greater risk of mental health illnesses.”
For those who are struggling with financial hardship, creating a concrete plan of action could be helpful. That’s where we come in!
Dannemora Federal Credit Union Can Help!
We are proud to offer our Live Well Financial Wellness Program operated by our own CUNA Certified Financial Counseling Team, Codie Peryea-Parnaby and Danielle Branham.
Their goal is to help make member’s financial wellness more attainable.
Through live well, Codie or Danielle will be available to schedule personal 1-on-1 meetings with our members to do the following:
- Develop a healthy budget
- Set-up and emergency savings
- Set up your financial goals
- And more!
Financial planning now means financial success in the future.
Dannemora FCU’s Financial Counselors are located at our Tom Miller Road branch and our New York Road branch in Plattsburgh.
***If you are anyone you know is struggling with mental health, New York State has partnered with Crisis Text Line, an anonymous texting service available 24/7. Starting a conversation is easy. Text GOT5 to 741741.
***If you are in emotional distress or crisis, reach out to the 988 Crisis Lifeline by calling or texting 988 or visiting 988lifeline.org/chat.
