HSBC Life | Protecting your all-round wellbeing

July 2021

Protecting what matters requires careful maintenance of the three pillars of a good quality of life. More than looking after your physical health, it is also about enhancing your mental and financial wellbeing.

Money and mental health

Money worries are very common, and don’t just affect people who are short of money or in debt. In fact, these worries can affect anyone and impact their mental health.

Below are a few of the common behaviours that indicate an unhealthy relationship with money:

Money worries are very common, and don’t just affect people who are short of money or in debt. In fact, these worries can affect anyone and impact their mental health.

Below are a few of the common behaviours that indicate an unhealthy relationship with money:

You spend money when you shouldn’t in order to make yourself feel better.
You feel anxious whenever you spend money, even if it’s on essential, everyday items.
You are suffering from sleeplessness because you're worrying about money.
You continually reassess what income or savings you need to give yourself peace of mind.
You avoid answering the phone or opening your mail, in case you’re being chased for money.

If money worries are affecting your health, you should seek help from a doctor. You can also try some of these practices designed to protect your wellbeing:

Facing your challenges

Get help to face up to money problems. Seek advice from your bank, lender, or financial adviser to help you prioritise your debts.

Staying active

Physical activity can improve your mood, and there are plenty of forms of exercise you can do without spending any money.

Keeping up your social life

Trusted friends and family can help, so do stay in touch.

Talking about money

Talking about money may help you manage your stress. It’s good for your mental health and relationships, and can help you plan your finances more effectively.

Mindful spending

Mindfulness is the practice of “focusing on one's awareness in the present moment”, and it's increasingly used to treat common mental health problems, such as stress, anxiety and depression.

Mindful spending, meanwhile, is about consciously thinking about your spending habits and how they are connected to your emotions. The idea is that if you question the motivation behind each purchase you make, you'll save money, and benefit your lifestyle and wellbeing.

If you want to give it a try, ask yourself these questions each time you're about to make a purchase:

	What is my reason for making this purchase? What do I hope to get or achieve from buying it? Is this purchase making up for something lacking in my life? Why do I want to buy an expensive item when there’s a cheaper alternative available?
Mindful spending is a great habit to get into and can help you to improve your relationship with money and become financially fit.

Medical insurance

There are insurance policies that can protect your health. Although insurance policies differ widely, they can cover the costs of hospitalisation, surgery, in-patient and out-patient treatment, appointments with specialists and consultants as well as diagnostic and other tests.

Some medical insurance policies also cover other medical expenses including those for dental care, eye care, physiotherapy, and pregnancy or maternity services.

Special offers

Apply online for HSBC VHIS Flexi Plan with the promo code "MEDI30" to enjoy 30% off first-year premium discount.

And an extra 40% off when you apply with your family members.

Apply now

Offer ends 31 December 2024. T&Cs apply.

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Disclaimer

The information contained in this article is for general reference only and is not intended to constitute a recommendation or advice to any person or to be the basis for any financial decision. No person should act on any information in the article without seeking professional advice.

HSBC Life shall not be liable for any loss, damages or costs which may be incurred (directly or indirectly) due or relating to any contents in this article.

The information contained in this article does not constitute an offer for the purchase or sale of any banking or insurance products or services. Products and services are subject to individual needs. Contact your financial planner to review your financial needs and risk acceptance level. This article should not be reproduced or further distributed to any person or entity, whether in whole or in part, for any purpose.

HSBC Life (International) Limited (“HSBC Life”) is authorised and regulated by the Insurance Authority to carry on long-term insurance business in the Hong Kong SAR. HSBC Life is incorporated in Bermuda with limited liability, and is one of The Hongkong and Shanghai Banking Corporation Limited (“HSBC”) Group’s insurance underwriting subsidiaries. Insurance products provided by HSBC Life are only intended to be sold through HSBC in the Hong Kong SAR. Policyholders are subject to the credit risk of HSBC Life. For monetary disputes arising between HSBC and you out of the selling process or processing of the related transaction, HSBC will enter into a Financial Dispute Resolution Scheme process with you; however any dispute over the contractual terms of the product should be resolved between HSBC Life and you directly. For details and information about HSBC Life products, please visit the insurance-related pages at HSBC’s website or visit our branch.

All the information in the article is updated as of July 2021

Issued by HSBC Life (International) Limited (Incorporated in Bermuda with limited liability)

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