Brian Semple, Head of External Affairs, Money and Mental Health

Covid-19: managing your mental and financial wellbeing

16 March 2020

The outbreak of Covid-19 virus (also known as coronavirus) has left many of us feeling fearful about the risks to ourselves and loved ones, and anxious about the coming weeks and months. Some people may be facing an uncertain financial future, given the potential impact on everyday life, jobs and income, while the prospect of having to self-isolate can be stressful and difficult.  

But there is advice and support available to help people deal with the potential psychological and financial impact of the outbreak. 

Below, we’ve listed some sources of support that might be useful in helping you manage your mental and financial wellbeing in these difficult times. You can also find more sources of help with money and mental health problems here on our ‘Get Help’ webpage.

Information on Covid-19 symptoms and what to do if you become unwell

The NHS website has more information on the symptoms of Covid-19, what to do if you become unwell, and how to help avoid spreading the virus — click here to find out more.

You can also find updates on the latest government advice on the virus here, and you can watch British Sign Language versions of government advice here

Managing your mental wellbeing during the outbreak

Mind has published advice to help people manage their wellbeing during the outbreak, which you can find here. This could help you cope if you’re feeling anxious or worried about coronavirus. It also includes practical advice on looking after your wellbeing if you’re asked to stay at home or avoid public places, or if you have to self-isolate.

Support with your financial wellbeing

The outbreak of Covid-19 may impact on your ability to work, how much you earn, or stop you from doing things you normally need to do to claim benefits. The National Debtline has produced a new factsheet here to help people understand what support is available to them in this situation. It includes information on the new changes to Statutory Sick Pay and benefits following last week’s budget, and on what support your bank could offer if you face a drop in income.

Citizens Advice has also published useful advice on managing the potential disruption to your day-to-day finances, including more information on benefits and for  self-employed people. Click here to read more.

Money Saving Expert have also produced a guide about your finances in light on the outbreak. It includes information for renters, the self-employed, and people who need help with prepaid energy top ups.