Topic Summary
What emotions are associated with the word “money”? Some people feel positive about money because:
- They feel accomplished when they receive their first payslip or a pay rise
- They enjoy the independence of making purchases without asking for money
- They feel responsible after saving for something special—whether it’s a new pair of trainers, a favourite restaurant treat, a car, a bigger home, or even helping their parents pay off a mortgage.
- Money can also provide the means to travel abroad or start a business.
However, not everyone feels positive about money:
- Sixty-three per cent of 18- to 34-year-olds report that thinking about their financial situation makes them anxious.
- Financial difficulties can leave people vulnerable to fraud or scams and can trigger emotions such as sadness, anxiety, shame, and guilt.
- These challenges may erode self-confidence, making it essential to seek help early to avoid a negative spiral.
There are numerous organizations that support people facing financial difficulties, such as:
- Citizens Advice
- Step Change
- Cifas
- GamCare
- Ygam
- YoungMinds
Question
If a friend or family member has a financial problem, I will:
Discussion
Based on what you have learned, what advice would you give to help people feel more positively about money?
How it works in real life
A friend tells you they have recently been a victim of financial fraud. What advice should you offer them?