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Money and Mental Health: Consider These 4 Strategies If You’re Struggling

Quick disclaimer: I’m not a doctor! That being said, you don’t exactly need an M.D. to understand mental health is a major issue in America. Simply by speaking to my clients every day at a greater than surface-level depth, I see that many are working harder than ever to remain or get to a healthier place mentally.

Recently it’s been found that among U.S. adults: symptoms of anxiety disorders have spiked1, depression rates have tripled2, and suicide remains a leading cause of death.3

It hurts me to see pain like this, and even more so because I’ve known some of it myself. Whether it’s taking anxiety medication or seeing counselors and coaches, I’ve had to rely on  a variety of methods to help manage my professional/personal identities. 

With this past year having been especially trying, I now feel an obligation to help others anyway I can. So let’s review some strategies to lessen the financial burden(s) (staying in my lane here) you may face in getting the help you need. 


In the post-internet world we’ve seen: cryptocurrencies, NFTs, and even digital real estate. But the revolutions don’t stop there.

Far from it!

It’s now possible for millions of people to socialize, work, and even see licensed physicians from the comfort of their own homes.  

Telemedicine platforms like Teledoc and Doctors on Demand allow you to see a doctor, get a diagnosis, and receive a prescription all via webcam. Not only is this more convenient, but it’s often more affordable. In fact, UnitedHealthCare recently found these average national costs:4

  • $740 for a session in the emergency room 
  • $130 for visiting an urgent care facility
  • $85 for a low-severity treatment in a doctor’s physical office (in person)
  • $50 for a video-based, virtual appointment (telemedicine)

NOTE: You’ll have to check with your provider to ensure your coverage extends to telemedicine appointments. You might already notice your insurance company is actively promoting this less-expensive form of mental health care. Additionally, not all prescriptions used to treat anxiety or depression may be issued via a virtual appointment.  

Interested to talk more on the subject of new age ways to save' Reach out to me

Generic Prescriptions

Did you know that according to the FDA, generic medicines must be the same as their brand-name competition in: dosage, strength, effectiveness, safety, stability, and quality'5

Additionally, they must also be taken in the same way and pose the same risks and benefits to the user.5

You do now!

Similar to buying off-brand groceries, you can save a pretty penny when you go with generic-brand prescriptions. And millions of Americans are doing just that. Still not convinced' Consider the following: 

  • Generic medicines, on average, cost 80-85% less than name-brand alternatives6
  • 90% of prescriptions are filled with generic medications 7
  • In 2019, the largest healthcare data science company, IQVIA found that the U.S. healthcare system saved over 2 trillion dollars by utilizing generic medications.7 

This of course is a discussion that needs to happen with your doctor. But it’s certainly one worth having when you consider the finances behind it. And for what it’s worth…

I use them myself.

If you’re interested in talking more on the subject of finance, contact me.

Getting Others Involved

If you were experiencing a lot of anxiety over remodeling your home, your first call wouldn’t be to a doctor.

Okay, so what’s your point'

The point is, when it comes to your mental health, it’s often necessary to consult a variety of professionals for help. Triggers for depression and anxiety can come from a variety of sources. 

  • Physical Health: Your mind and body are linked. Regular exercise can ease feelings of depression and anxiety by regularly producing endorphins and focusing your attention away from stress-inducing thoughts.8
  • Loneliness: Prolonged periods of isolation and feelings of loneliness can have devastating consequences. Various studies have linked them to increases in risk for strokes, heart disease, and even dementia.9 You might want to try increasing your reach outs to family/friends virtually. You may be surprised at how beneficial more texts, FaceTimes, Zooms, and calls can be.   
  • Disorganization: Neuroscientific research using fMRI (functional magnetic resonance imaging) in 2011 found that improved organization of one’s environment resulted in improved abilities to process information, focus, and be productive.10
  • Finances: A study published in 2020 measuring the effect of debt on mental health in Asian countries found sufficient evidence linking debt to stress, anxiety, depression, and even thoughts of suicide.11

To address these concerns it may be worthwhile to invest in: a personal trainer, counselor, home organizer or housekeeper, get a dog, or fee-only financial advisor. 

I’m an expert in the latter category, and can help you plan for the rest. Let’s talk.

Getting Involved With Others

It can seem counterintuitive to try to help others when you yourself are struggling. But healing others can be a great way to heal ourselves. I know I’ve been experiencing the undeniably joy that comes from giving recently. And that’s not just positive-thinking malarkey…

That’s actual science.

And several studies have been conducted on the science behind volunteering and donating, and the results have been nothing short of profound: 

  • In 2002, researcher Stephanie Brown at the University of Michigan found that older people actively involved in providing practical help to relatives, neighbors, or friends reduced their risk of dying by 60% when compared to their peers who didn’t.12
  • A 2006 study conducted by Kathleen Lawler of the University of Tennessee and Racheal Piferi of Johns Hopkins University found that people who provided social support to others had lower overall blood pressures compared to those who did not.13
  • Another 2006 study conducted by Jorge Moll and his colleagues at the National Institutes of Health found that giving to charities activated regions in the brain associated with social connectivity, trust, and pleasure.13

There are also tax advantages to donating. Namely, the ability to deduct eligible contributions from your adjusted gross income. Together, we can optimize these benefits to create a virtuous cycle of giving and deducting. 

Ready to reap the benefits of giving physically and financially' Let’s plan together.

The Bottom Line

You’re not alone. Not in life, and certainly not in facing mental health challenges. I know it from a statistical standpoint, and a personal one

Over the course of my life I’ve struggled with both anxiety and depression, childhood traumas (like divorce and bullying), and more. So whether it was a more fortunate struggle like my own remodeling projects, or a more serious one involving myself, friends, or family…

I’ve been there.

I can attest to the power of getting the proper medical, therapeutic, and organizational help in overcoming mental health problems. Additionally, I’ve experienced the psychological benefits that come from supporting my loved ones, and giving to causes I believe in. 

If it’s your finances that are hurting you, I’m eager to help. We can make sure you have a practical plan in place to get you the help you need. Reach out to us at 650-336-0598 or fill out a contact card here, and we’ll reach out to you. 

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Kristin Harad

Marketing Coach

Step right up and meet Kristin Harad, the Marketing Coach wizard! Guiding businesses through the intricate maze of marketing, Kristin combines her smarts, pizzazz, and a hefty portfolio of wins to show she’s the real deal. Ever wonder what makes a brand pop and a strategy rock? Kristin’s your answer, lighting up the marketing world and turning potential into prowess.

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Jon Fogg

Content Creator

Jon Fogg is a dynamic and innovative content creator who has been making waves in the digital realm. With a passion for creativity and a flair for storytelling, Jon has captivated the financial world through his engaging and diverse content.

When he’s is not working on an SEO blog or case study, you’ll find him enjoying local art galleries or a phenomenal read. Friends and colleagues often commend him for his clear enthusiasm and dedication, which is evident in every project he undertakes. 

Kingston Hollman MBA


Meet Kingston Hollman, the compliance guru everyone’s been talking about. With a sharp mind for regulatory ins and outs, Kingston is all about keeping businesses on the straight and narrow. That’s why he’s a go-to in the compliance world!

Sporting an MBA under his belt, Kingston’s not just about book smarts. He knows the fine dance between business strategy and staying in line with the rules. And guess what? He’s mastered it. Ensuring companies sail smoothly through the often-stormy waters of compliance is his game.

From the get-go, Kingston’s been crafting top-tier compliance programs, tailored just right for all sorts of industries. It’s his eye for detail and that knack for spotting the little things that make him stand out. He doesn’t just set up a system; he fosters a whole vibe of staying compliant, making sure everyone’s on board.

Jessica Martineau

Client Operations Manager

Jessica is a seasoned professional with a diverse background, bringing a decade of expertise across multiple industries. A proud graduate of SPU, her journey in the professional world is marked by significant accomplishments.

With nearly eight years dedicated to managing projects in the graphics and built environment sectors, Jessica has honed her skills as a meticulous Project Manager. This tenure has instilled in her a knack for thriving within organized structures while fostering robust client relationships, a hallmark of her professional ethos.

Her experience in the Finance industry spans almost a decade, where she has held pivotal roles as Lead Client Operations Manager and Director of Operations. Notably, her FINRA SIE Certification stands as a testament to her commitment to excellence.

Jessica’s strengths lie in cultivating enduring client connections, fueled by her passion for delivering thorough solutions. She finds joy in understanding and engaging with her colleagues, nurturing a cohesive work culture.

As a Pacific Northwest native, Jessica enjoys hiking, camping, and skiing. She loves reading, attending live music, plays, and comedy shows. Always a foodie, she delights in discovering new restaurants and revisiting old favorites, especially if there is a water view.

Most importantly, Jessica’s world revolves around her family—her amazing husband, Lee, and their two great kids. They are her inspiration and the anchor to her life outside of work.

Dionne Kelly

Executive Assistant

Let’s dive into the world of Dionne Kelly! Born in St. Kitts and with her roots deep in Barbados, Dionne’s been globe-trotting from her island homes to Canada, the USA, and Belize. Got a love for tropical spots? So does Dionne. Her passport’s got stamps that tell tales of sun, sea, and a bunch of awesome adventures.

Now, when it comes to her profession, Dionne’s the real deal. Over 20 years in the game as an Executive Assistant, she’s been the secret ingredient for bigwig C-suite execs. Think of a challenge, and Dionne’s likely tackled it head-on with her unbeatable organizational skills and eagle eye for detail. 

Oh, and did we mention she’s a foodie? Dionne’s taste buds have danced across diverse culinary landscapes, adding a sprinkle of global flavor to her persona. In the world of executive support, she’s a powerhouse, always two steps ahead and ready to make things happen. 

Joe Wride CFP®

Founder & CEO

Meet Joe Wride, the president and founder of Crafted Finance. With a knack for pension and investment management, insurance, and financial planning, Joe’s all about offering top-notch services without breaking the bank. That’s why he started Crafted Finance!

A proud Finance major from Washington State University, Joe’s got the credentials to back it up as a Chartered Life Underwriter and CERTIFIED FINANCIAL PLANNER™ Professional. Since 2009, he’s been helping individuals, families, and pension plans make sense of their finances. Joe’s even on the board of the Financial Planning Association’s Puget Sound chapter. Check out his LinkedIn profile here.

Joe gets that everyone’s got their own money story. That’s why he’s crafted a unique process to help folks of all stripes manage their finances, whether they’re flying solo, raising a family, or running a company. He’s all about learning and growing to make sure his guidance is just the right fit for his clients.

When he’s not crunching numbers, you’ll find Joe enjoying the Seattle life. He’s into skateboarding at Alki beach, biking, golfing, snowboarding, hiking, and camping. Sports fan? You bet! Joe’s a die-hard supporter of the Cougars, Mariners, Seahawks, and Sonics. But what really matters to him is family time with his wife Jessica, daughter Ocean, and dog Kanga. Joe’s excited to welcome more kiddos into their home through foster care and adoption in the future.

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