𝐁𝐞𝐚𝐭 𝐭𝐡𝐞 𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝐁𝐥𝐮𝐞𝐬!

This year we want everyone to beat the January Blues! The 3rd Monday in January is often referred to as Blue Monday ‘the most depressing day of the year’… but we know Blue Monday is just a myth and we all have our bad days from time to time.

Money worries are a common cause of stress, anxiety and generally feeling low, but learning how money and mental health are linked may help if you’re struggling to beat the January Blues.

Did you know money worries can impact your mental health, and your mental health impacts how you manage your money? Poor mental health can make managing money harder, and worrying about money can make your mental health worse. It is a vicious cycle.

How do money and mental health work together?

• Financial difficulties are a common cause of stress and anxiety. The stigma around debt and money problems means people struggle to reach out and ask for help. This further leads to isolation and loneliness.
• When somebody is suffering from money and mental health problems, recovery rates from their mental health conditions are often reduced. For example, people in financial difficulty who suffer with depression are 4.2 times more likely to still suffer from depression 18 months after those without money problems.
• Worrying about money can lead to sleep problems.

How can Monaghan Credit Union help?

Managing your money can be stressful and can cause feelings of stress, anxiety and January Blues, but Monaghan Credit Union is here to help.

Improving your financial wellbeing

Your financial wellbeing is important, and we’re here to help. Saving a few €€s, straight from your pay, is a great habit to get into and helps you manage your money more effectively. Small amounts saved regularly soon add up – it’s so easy to save with Monaghan CU.

Saving regularly helps protect you from unexpected financial pressures whilst borrowing from us can help improve your credit rating and help you become financially stable. When you borrow from us, we ask you to continue to save, so you have savings once your loan is cleared.

Planning for the future and asking ourselves ‘what if?’ is a common cause of anxiety. Thinking about the future and what will happen to your loved ones if the worst were to happen to you can be a difficult thought.

Free Life Savings & Loan Protection Insurance

Our Free Life Savings Insurance is a FREE benefit for all Monaghan Credit Union members, insuring up to €5,000 per member. For more information about Life Savings Insurance, visit our insurance page here or talk to a member of staff today.

Our Free Loan Protection Insurance  is a FREE benefit for eligible members that borrow from their credit union. It is designed to repay the remaining loan balance owed by a member to their credit union upon their death. For more information about Loan Protection Insurance, visit our insurance page here, or talk to a member of staff today.

Death Benefit Insurance

Death Benefit Insurance cover of up to €1,000 has been introduced by Monaghan Credit Union on 1st January 2024.

This must be used to pay the undertaker for your funeral expenses following your death.
All eligible members must have €100 in their savings and have joined Monaghan Credit Union before the age of 70.
For more information on Death Benefit Insurance, talk to a member of staff today.

« Monaghan Credit Union Money Muling Awareness / Mental Health Awareness Talk for Monaghan Transition Year Students.