Financial well-being: Smart financial habits that enhance your mental health

A recent study found that approximately five out of 10 Kenyans feel overwhelmingly or highly stressed by their financial situation.

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Mental health and financial well-being are two important aspects of life that are often viewed in isolation from each other. However, these deeply intertwined elements play a key role in determining our overall health and happiness.

Financial health is not just about a hefty amount in one’s bank account, it is also an individual’s financial literacy, stability and preparedness for the future. It encompasses various factors such as budgeting, saving, investing, and managing debt. When individuals struggle in these areas, it leads to stress, anxiety and even depression.

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