Financial Literacy Month: Managing Money and Mental Health

Originally posted in 2022 by Mind Meld Psychotherapy (MMP) | Updated and reposted by OSO Wellness

Every April, Financial Literacy Month reminds us how important it is to understand the basics of budgeting, spending, saving, and planning for the future.

With Tax Day (April 15) in mind, many of us are reviewing receipts, organizing documents, and thinking critically about our financial habits. Whether you filed early or are racing toward the deadline, this time of year can shine a light on the role that money plays in our daily lives—and our emotional well-being.

Unfortunately, most of us didn’t learn about money management in school. While some educational systems now offer basic financial literacy, the majority of Americans have had to learn through trial, error, and lived experience. That’s why April is designated as a time to boost financial awareness.

At OSO Wellness, we understand that financial stress and anxiety can have a significant impact on mental health. While we can’t manage your budget for you, we can offer support for the emotional challenges tied to money. We also want to share a few universal money habits that can promote financial clarity and peace of mind.

8 Tips to Increase Financial Awareness

1. Learn Self-ControlBefore buying, ask: “Do I need this? Is it worth the interest if I put it on credit?” Delayed gratification can help reduce impulsive spending and support long-term goals.

2. Visualize Your Financial Future Ask: “What small step can I take today to improve my financial well-being this month?” Even one decision—like skipping takeout or pausing a subscription—can build momentum.

3. Track Where Your Money Goes Look closely at recurring charges, daily purchases, and automatic payments. Those small coffee runs and app subscriptions can add up quickly.

4. Build an Emergency Fund Even a small amount—$5 or $10 a week—can create a buffer and reduce panic in future financial surprises.

5. Understand Your Paycheck Check your withholdings, deductions, and benefits. The financial decisions you made when you started your job may need updating.

6. Guard Your Health Medical costs are one of the most common causes of financial distress. Review your healthcare coverage and ensure it still fits your needs and potential scenarios.

7. Protect Your Wealth Get your financial advice from reliable, informed sources. What worked for a friend or relative may not be the best fit for you.

8. Manage Financial Anxiety When stress builds, don’t suffer in silence. Reach out for emotional support. Your mental health is just as valuable as your net worth.

When to Ask for Help

If your financial stress starts affecting your sleep, relationships, or quality of life, it’s time to talk to someone. You’re not alone. Whether you’re navigating debt, uncertainty, or pressure to “keep up,” OSO Wellness is here to support your mental and emotional well-being through compassionate, judgment-free counseling.

📌 Disclaimer: This blog post is for educational purposes only and does not constitute financial advice. For personal financial planning, please consult a licensed financial advisor. For emotional support, contact a licensed mental health professional.