Financial Therapy Fact Sheet

Do you ever wonder what it’s like to be a Financial Therapist? Or perhaps you’ve wondered what it is that a Financial Therapist does, and how they help their clients. This month, I wanted to offer some answers to some of the common questions I get about Financial Therapy.

 

What Financial Therapist Do?

The licensed professionals who offer this type of counseling are known as financial therapists. and they’re tasked with unearthing tho emotional triggers and psychological underpinnings that can lead people to make bad-and often habitually so-money decisions.”

The Financial Therapy Association (FTA )

“The FTA was established in 2010. “The Financial Therapy Association (FTA) is on organization comprised of professionals dedicated to the integration of cognitive, emotional, behavioral, relational and financial aspects of well-being.”

General vs. Financial Therapy

‘Financial therapy differs from general psychotherapy only in that ifs focused on enhancing financial well-being through the study of the emotional, behavioral, cognitive, relational, economic and integrative aspects of financial health.”

What Does Financial Therapy Look Like?

“In practice, it integrates financial counseling and planning with personal counseling, marriage and family therapy, sociology, social work and of course, psychology.”

How Long Does FINANCIAL THERAPY Take?

Clients usually are in some type of money crisis that motivates them to seek out a financial therapist. The crisis and its consequences can take a range of time from several sessions to 15 sessions on average. If money habits are deeply ingrained and/or the client has a hard time letting go of self sabotaging behavior, it may take longer. The main factor that determines the length of time depends on the client accepting the suggestions of the therapist, and following through with mutually agreed upon goals.