Tuesday’s public talk was focused on the relationship between mental health and Money Worries. Conveniently enough I tuned into Radio 1 whilst driving home and the subject matter is the relationship between Gambling, Mental Health and Money Worries.
I think it is very clear that more needs to be done surrounding the Education on how to manage money. Doing more around money management, prioritizing outgoings and where to turn should there be an urge to gamble is our aim.
Consumer Money Worries are here to Educate, Support and Inspire with such challenges. We understand the relationship between gambling, mental health and Money Worries and are in partnership with the best charitable organisations to give the up most support.
Over the last 12 months, we have seen a rise in students and young adults suffering with money worries. The struggles have been for many reasons including gambling.
Many people for many reasons fall into the trap and thrill of gambling, take my Nan for instance, she was in debt and so she turned to playing on the slot machines. My Nan saw gambling as a way out and a way to recover the money needed for day to day living.
The program on Radio 1 was focused around the relationship between Gambling, Mental Health and Money Worries for students; again I will refer back to our key value of Educate; I want to ensure our support is as accessible as possible.
Working closely with our clients has allowed us to understand the challenges and struggles of a student leaving home and having complete freedom, this can often result in poor money management, stress, anxiety and in some cases depression.
We want you to know we understand and we are here to help!
One very clear benefit of seeking help is that as a student, you can fulfill your study ambitions without the added stress and pressure of how you’re going to pay your rent or even eat.
It must be very daunting for parents when their children leave the family home to embark on their journey through university, but are we doing enough to prepare them?
Throughout the program on Radio 1, one brave young man who has fortunately come out on the other side, highlights an intent on suicide. This is another reminder of how important it is to Educate, Support and Inspire when it comes to addiction and Money Worries.
The young man in question openly admits he resulted in taking out overdrafts and loans to fund his desire to gamble, he soon saw the situation spiral.
Let’s tackle it together
I am thrilled to see that the ‘The National Union of Students’ are as keen as us to tackle the struggles of students when facing gambling problems and Money Worries.
Mr Zarb-Cousin, who now works for Fairer Gambling, which campaigns over gambling legislation, said: “I was at university and I maxed out numerous overdrafts, student loans.
“All the money I could get my hands on went into the machines [fixed odds betting terminals]. One day I lost about £2,500 just on the machines.
“I came very close to taking my own life at that point. I didn’t really see a way out.”
Fortunately Mr Zarb-Cousin came out on the other side and is now able to help and support others in need, which is amazing.
Robbie Young from the National Union of Students said: “We need to be better at clamping down on this.
“We need to have a conversation about what gambling can lead to for students.”
“Thank you for sharing the story guys and helping raise awareness”
Below is the link to the full and incredible article written by those affected and who want to make a change.
Let’s together catch this before it gets out of control, let’s together ensure financial freedom.
Author: Natasha Parrott
I am aware we will not be able to save everyone BUT if we can at least save 1 family, if those parents teach their children and so on for generations to come; we have achieved our mission.