Financial pressure is consistently identified as a major driver of stress, anxiety and social isolation. Addressing this financial stress is a fundamental step toward improving your mental health and academic focus.
As La Trobe Financial Counsellors, our focus is on connecting you with free resources and activities that improve your wellbeing without costing a dollar, thereby reducing financial strain.
Taking control of your budget
The link between financial worry and poor mental health is significant. Taking control of your budget is a proactive step toward better wellbeing. Here are some ways to do so:
- Use the Moneysmart Budget Planner to gain clear sight of your income and expenses. Clarity reduces the anxiety of the unknown.
- Ensure you are claiming all eligible financial support through Centrelink and exploring scholarships and bursaries at La Trobe University.
- If debt or bills are causing distress, access the free, confidential support of a Financial Counsellor at La Trobe.
Budget-friendly ways to manage your wellbeing
Physical activity and social connection are vital for wellbeing and are entirely achievable without expenditure.
- Join Parkrun, a free, community-led, weekly 5km run or walk. It is an excellent way to boost fitness and connect with your local community at no cost.
- Take advantage of Australia’s public parks, gardens, and walking trails. Spending time in green spaces is proven to reduce psychological stress.
- Engage with the La Trobe Student Association (LTSA) where you can access free groceries through the student pantry & more! It’s free to join and to start enjoying the benefits.
- Clubs and societies are often free or very low-cost and provide an essential opportunity to build supportive social networks outside of the financial stress of the classroom.
Free tools available 24/7
Accessible, no-cost tools are available 24/7 to help you manage immediate psychological distress and build resilience.
- Use the free, Australian-developed Smiling Mind app for guided meditation and mindfulness exercises. Regular practice helps reduce activity in the brain regions associated with stress and anxiety.
- Access free, professional and confidential counselling appointments through the La Trobe Counselling Service.