Money is more than just a tool for paying bills or buying things, it can be deeply symbolic and emotionally charged. For many, financial struggles are closely intertwined with mental health challenges. Research conducted by the Money and Mental Health Policy Institute, revealed that in England alone, over 1.5 million people struggle with both problem debt and mental health issues. Of those surveyed, 86% said their financial situation had worsened their mental health.

Becoming more aware of how our thoughts, emotions, and past experiences shape our money habits, may not magically solve financial hardships, but it can be a positive step toward building a healthier relationship with money and regaining a sense of control. The complexities of money, which is crucial for our survival, highlight the profound connection between financial well-being and mental health, offering a pathway to greater understanding and empowerment.

The Happier Life Project welcomes Vicky Reynal a London-based psychotherapist specialising in the psychology of money. Vicky is author of the award-winning book 'Money on Your Mind: The Psychology Behind Your Financial Habits', which is being translated into eight languages, and will land in the US on January 7th (available to pre order now). In her psychotherapy clinic, Vicky works with clients on a range of issues including; debt, excessive greed, financial conflict, and money secrecy. Using psychodynamic principles, she helps people uncover and address the emotions driving their financial behaviours. Vicky’s expertise has been featured in The Financial Times, The Guardian, The Times, The Daily Mail and Psychologies.

​​In this episode of The Happier Life Project host Gabby Sanderson speaks to Vicky about why money can feel so emotionally charged, and why people often react defensively when it comes to financial matters. Vicky explains how decoding the hidden emotions behind spending, saving, and financial conflict, can help foster understanding and drive meaningful change. The money and mental health expert also explains why being more open and honest in communication about our finances—whether with friends, family members, or even bill companies—can help alleviate stress and build a healthier relationship with our bank balance. By addressing financial concerns directly, rather than burying our heads in the sand and reacting with "vague defences" like avoidance or procrastination, Vicky discusses how most people feel much better after opening up, realising that often things aren’t as bad as they seemed.

Vicky also shares practical advice on creating a healthier relationship with money to reduce stress and improve mental well-being. Tune in to discover how decoding the emotional connection to your finances can transform your mental wellness, and your approach to money.

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