Martin Lewis: “Money and mental health problems are a marriage made in hell”
Mancunian money-saving expert Martin Lewis has added his voice to support a number of Greater Manchester charities and housing associations that are grouping together to help raise awareness about the importance of managing money for mental wellbeing.
Lewis, who established the 'Money and Mental Health Institute Policy Institute' last year, is one of several financial experts who are backing the upcoming Manchester Financial Inclusion Conference 2016 (MFIC2016), organised by One Manchester’s Mind Your Money initiative with the support of Manchester City Council and The Big Lottery Fund.
MFIC2016 will be Manchester’s fourth annual Financial Inclusion Conference and takes place on Monday 26th September at The Hive in Manchester. The event is aimed at staff and decision makers from a host of organisations across Greater Manchester that are striving to improve the financial and mental wellbeing of the people of Manchester.
Guest speakers will include:
The day is set to consist of a series of workshops led by Government bodies including the Department for Work and Pensions, as well as businesses including Barclays Bank who will be demonstrating their computer skills and technology programme, Financial Wings which launched in June 2016.
Other highlights will include a session and book-signing by Claudia Hammond, relating to the launch of her critically acclaimed book, Mind over Money.
The event is free to attend but tickets are provided strictly on a first come, first serve basis. Members of the Institute of Money Advisors (IMA) who attend for the full day will be able to claim 4.5 CPD (continuing professional development) points from the meetings and discussion category.
Martin Lewis OBE, Money Saving Expert, said: “Money problems and mental health problems are a marriage made in hell. If you have mental health problems, you have a 49% chance of having had debt crisis – that’s five times more than everybody else. The treatment times for clinical depression are also said to be exasperated by 18 months for people who have financial problems at the same time.
“Our job is to look for clever forms of prevention – this isn’t easy. It’s not about disenfranchising people from the world of finance, but about helping them to navigate it. Therefore, open communication and conferences like this one in Manchester, where people can open up and recognise these problems and how we deal with them, are absolutely key.”
Julie Blairs, Mind your Money lead from One Manchester, said: “Over four years Manchester’s Financial Inclusion Conference has gone from strength to strength and we’re honoured to have gained some very high profile backing from businesses and individuals alike. The support we’ve attracted is testament to the issues we are trying to raise and help people with; everybody understands the need to manage their money properly and this conference is ensuring that we can empower everybody – especially the more vulnerable people in our communities – to take control of their finances.”
For more information visit https://www.eventbrite.co.uk/e/financial-inclusion-conference-yourmind-your-money-your-manchester-tickets-27144201036
Twitter @mind_your_money #FICMCR16