The Money and Mental Health Policy Institute have launched In Control, a new report into how mental health affects spending.

Money and Mental Health launch report on crisis spending

New research from Money and Mental Health shows six different ways mental health can impact spending, including manic spending and comfort spending.

The Institute also found that 93% of individuals spend more when they're experiencing mental ill health while 88% revealed they were at least two months behind in paying bills.

Following the launch of the In Control report, Money and Mental Health will start a consultation with financial services and retail industries to find better ways to support individuals with mental health conditions.

Martin Lewis, Founder and Chair of Money and Mental Health and, said, "The relationship between money and mental health is toxic. Every day I hear from people who struggle to control their spending in periods of poor mental health...We're already looked at mechanisms for self-restricting access to future credit. Now we're adding potential spending controls too such as a 24-hour window to review high-cost purchases, setting daily spending limits, or being able to involve a trusted friend in managing your finances."

Go here to read the report and respond to the consultation.

Find useful links for information and support around money and debt.