Seek help if you have money worries

10 December 2020

The Police Federation is here to help if you have money worries this Christmas, says Gwent branch chair Steve Thorpe.

Steve says worrying about your finances can impact on your mental health and he’s encouraging members to seek support if they have issues.

“We’re told it’s the most wonderful time of the year, but for many people the strain Christmas puts on their finances can make it a stressful time too,” he explains.

“And the impact of the pandemic on the economy and on jobs could make it even more challenging.

“We’re here to help. We want to break the stigma about discussing our financial troubles. As the saying goes, it’s good to talk. Worrying about money issues can affect your mental health and talking about it can be a really positive step.”

Steve’s comments come as Hayley Aley, chair of the national Federation’s wellbeing sub-committee, published a blog about the mental health impact of financial worries.

Hayley said: “I have been there myself – as a student officer I was a single parent and had sleepless nights worrying about money. If only I knew then what I know now. There is no shame in admitting to others that times are hard – asking for help and support is the most positive thing you can do, not least for your own mental health and wellbeing.

“Money worries can eat away at you – cause you to feel depressed, isolated, destroy your confidence, relationships at work and home, interfere with your family time – the list goes on.

“We want to help you manage your financial stress and we will be shining the light on where to get help and support – keep an eye on our website, social media channels and look out for the next edition of POLICE magazine.

“Some officers who have struggled financially have offered to share their stories and we will be publishing these this month. I have no doubt their experiences will resonate with many - inspire and give hope that there is a way through these difficult times.”

Hayley added: “Many officers worry about admitting that they are in financial difficulty for fear of jeopardising their job.

“The truth is that declaring your financial situation to professional standards can alleviate that vulnerability – again a positive step towards getting back on track.

“And don’t forget that you can reach out to your local rep or branch board to support you with that too.”

Visit the Police Federation website for organisations that can help if you’re worried about your finances, or speak to a Fed rep, and find out more about the Federation’s Hear ‘Man Up”, Think ‘Man Down’ mental wellbeing campaign.

Police Mutual has also produced a series of leaflets with advice on taking control of your finances this Christmas.