What is financial therapy?
Financial therapy helps people have a healthier relationship with their money by tailoring how they think about and behave with money. Common reasons to seek financial therapy include experiencing financial abuse, trauma or fraud; over- or under-spending; and recovery from debt, gambling addiction or divorce. People also often seek financial therapy for prenup guidance, estate planning, navigating wealth acquisition and to become empowered with financial decisions.
How did you get involved?
I have been a clinical psychologist for 10 years, but I was a stranger to the world of finance. I was never good at math. I thought I would never be good at money and wasn’t really interested in money. But during the pandemic, when people were making banana bread and candles, I was learning about money.
Denne historien er fra September 2023-utgaven av Kiplinger's Personal Finance.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra September 2023-utgaven av Kiplinger's Personal Finance.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Beat the Market? Not Likely
IN 1963, the columnist Jimmy Breslin wrote a delightful book about the initial, disastrous year of the New York Mets.
IS 2025 THE YEAR WORKERS WILL RETURN TO THE OFFICE?
Managers want to cut back on remote work, but many employees value flexibility.
THE OUTLOOK FOR HOME AND AUTO INSURANCE
Premiums may not increase as much as in recent years, but the industry remains under pressure.
FINANCIAL STOCKS SHOULD PAY OFF
But investors must be choosy about where to put money in this broad sector.
IGNORING THE BULL-MARKET BANDWAGON
This investing veteran remains wary of stocks.
Be Careful With Interval Funds
YOU may have been hearing more often about interval funds.
WHY YOU SHOULD TAKE EXTRA CARE WITH YOUR TAX RETURN
You can minimize your tax bill and avoid unwanted attention from the IRS by watching out for common errors and oversights.
The Benefits of Sharing a Bank Account With Your Parents
Opening a joint account provides a way to monitor an older person's finances.
THE POWER OF EVERYDAY CHARITABLE GIVING
This group is on a mission to understand the declining number of donors and volunteers—and to enact change.
SHOULD YOU MAKE THE SWITCH TO SOLAR ENERGY?
Outfitting your home with a solar power system can slash your electric bill-and federal tax credits have made the conversion more attractive than ever.
