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What is Financial Therapy?
Emotions can play a large role when it comes to money and finances. Financial therapy focuses on the difficulties you experience, both within yourself and within your important relationships, related to this topic. Your therapist will help you and your loved ones better understand what has been keeping you from finding satisfaction and happiness with your finances. This may involve exploring beliefs about money and self-worth that were passed down from parents, ways to self-soothe anxieties that arise about money or your financial struggles, or developing healthier communication skills between you and your partner to reduce conflict when discussing sensitive matters related to your finances.
Financial therapy can also help you to create positive financial behavioral change, financial empowerment, and a sense of financial security for you and/or your partner and family. Through this process, you will gain insight into your relationship with money that your therapist will help you translate into meaningful, healthy changes about how you relate to your partner or people in your life regarding your finances.
Is Financial Therapy Right for Me?
Financial therapy is useful for individuals and couples, including those who have been married for many years and those who are planning to get married or commit to a long-term relationship. Financial therapy can be beneficial in any relationship where the money is shared, for example with business partners or between parents and their children.
- Does your financial situation make you feel depressed or anxious?
- Are you spending more than you earn and find it impossible to save?
- Have you tried changing these behaviors with no luck?
- Do you have a hard time pinpointing where your money troubles are coming from?
In some cases, a financial advisor would be more appropriate. For example, if what you need is advice on how to save money, it would be better to talk to someone who specializes in financial planning. Financial therapy is about the underlying emotional issues that come with money, not a lack of knowledge about money management. However, if you answered “yes” to any of the above questions, you might find that financial therapy helps you approach money in a healthier way.
Talk to a Dedicated Financial Therapist Today
At Symmetry Counseling, we’re here to help you. Contact us today to learn more about our counseling services, and to arrange an appointment with one of our compassionate therapists.