MENTAL AND FINANCIAL HEALTH – Is There A Connection? PH Health Care Services 2013

Image provided by Mind & Mood Clinic. http://www.m-m-clinic.com/r_goodmentalhealth.html

Mental Health

Mental health describes a level of psychological well-being, or an absence of a mental disorder. From the perspective of ‘positive psychology’ or ‘holism’, mental health may include an individual’s ability to enjoy life, and create a balance between life activities and efforts to achieve psychological resilience. Mental health can also be defined as an expression of emotions, and as signifying a successful adaptation to a range of demands.

The World Health Organization defines mental health as “a state of well-being in which the individual realizes his or her own abilities, can cope with the normal stresses of life, can work productively and fruitfully, and is able to make a contribution to his or her community”. It was previously stated that there was no “official” definition of mental health. Cultural differences, subjective assessments, and competing professional theories all affect how “mental health” is defined. There are different types of mental health problems, some of which are common, such as depression and anxiety disorders, and some not so common, such as schizophrenia and bipolar disorder.

Most recently, the field of global mental health has emerged, which has been defined as ‘the area of study, research and practice that places a priority on improving mental health and achieving equity in mental health for all people worldwide.

Source (Read More): en.wikipedia.org/wiki/Mental_health

Definition of ‘Financial Health

A term used to describe the state of one’s personal financial situation. There are many dimensions to financial health, including the amount of savings you have, how much you are setting away for retirement and how much of your income you are spending on fixed or non-discretionary expenses.

Investopedia Says

Investopedia explains ‘Financial Health’

Financial experts have devised rough guidelines for each indicator of financial health, but each person’s situation is different. For this reason, it is worthwhile to spend time developing your own financial plan to ensure that you are on track to reach your goals, and that you are not putting yourself at undue financial risk if the unexpected occurs.

Source: www.investopedia.com/terms/f/financial-health.asp

A therapeutic self reliant perspective to consider.