5 Ways Men Can Reduce Money Stress and Boost Mental Health, from Financial Therapist Nathan Astle

Survey reveals financial strain is taking a serious toll on men’s emotional well-being — but there are practical steps to turn it around.

A new national survey from Beyond Finance, released in June to coincide with Men’s Mental Health Month, sheds light on a growing issue: financial distress is fueling a silent mental health crisis among men.

Only 27% of men rate their mental health as “excellent,” and just 15% say the same about their financial health. More than half (57%) are in debt — most often from credit cards (62%), mortgages (34%), or auto loans (30%) — and the emotions tied to that debt include frustration (38%), anxiety (29%), and embarrassment (19%).

“Men are suffering in silence when it comes to their finances,” says Nathan Astle, a Certified Financial Therapist with Beyond Finance. “Shame, secrecy, and isolation make it worse — but there are steps you can take today to start feeling better about both your money and your mental health.”

Here are Astle’s top five tips for breaking the cycle and building resilience.

1. Start Talking — to Someone You Trust

Bottling up stress rarely makes it go away. Astle urges men to open up — whether it’s to a partner, a trusted friend, or a professional.

Proof point: Nearly 1 in 4 men in the survey said they don’t feel comfortable seeking financial advice from anyone. But those who share their money worries often feel less isolated and more in control.

2. Make a Plan You Can Actually Stick To

Budgeting isn’t about restriction — it’s about clarity. Knowing where your money is going helps you make confident choices.

Proof point: Research shows having a financial plan can significantly reduce stress and anxiety. Even a simple spending tracker can shift the balance from worry to control.

3. Set Small, Achievable Goals

Whether it’s paying down $50 of debt this month or saving $20 in an emergency fund, small wins build motivation.

Proof point: More than 1 in 4 men rate their finances as “poor” or “not very good.” Bite-sized goals make progress feel attainable instead of overwhelming.

4. Be Honest About Gambling Habits

With nearly 1 in 5 men placing an online sports bet in the past year, Astle warns that betting can quickly become a hidden financial strain. If you gamble, keep it transparent and set limits.

Proof point: Only 16% of sports bettors said gambling improved their financial wellness — but 33% in relationships admitted they hide their wins or losses from their partner.

5. Separate Your Self-Worth from Your Net Worth

“You are not your paycheck. You are not your debt,” says Astle. Remember that financial setbacks don’t define you — and holding onto that truth can protect your confidence.

Proof point: Nearly 40% of men say money troubles have left them feeling disconnected from friends, and 37% avoid friendships that make them feel financially insecure.

Bottom line: As Astle puts it, “This isn’t about being perfect. It’s about being honest about where you’re at — and then building a healthier, more hopeful path forward.”

Since 2011, Beyond Finance has helped more than 700,000 people, resulting in over $2 billion of client debt being paid off. Through personalized debt consolidation plans, free financial therapy sessions, and innovative tools, the company equips clients to break the cycle of debt, create healthier financial habits, and achieve lasting financial freedom.For free resources and financial therapy sessions, visit Beyond Finance.