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Fixing Your Relationship With Money

Kiplinger's Personal Finance

|

September 2023

This psychologist helps clients address complex issues involving their finances.

- EMMA PATCH

Fixing Your Relationship With Money

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.

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