Financial Therapy

What is Financial Therapy?

Financial therapy deals with financial problems related to subconscious behavior. Financial therapy is a process of evaluating and reprogramming one’s money-related habits so that an individual can move from self-defeating behaviors and attitudes to ones which help him/her thrive. My method of bringing one’s relationship with money from the subconscious to consciousness works to reduce anxiety and depression around money, while creating new thought and behavior patterns.

Common Counseling Issues:

  • Overspending: State of spending more than one can afford and feeling out of control. Debtors Anonymous has a useful tool to see if you fall into this category.
  • Underspending: A mental state in which one feels as if he/she doesn’t deserve anything more than having basic needs met.
  • Serial Borrowing: Rolling over debt. Often the individual pays small amounts toward an old loan as a new loan is taken out.
  • Financial Infidelity: A process of “cheating” on a partner by spending and lying about it or not mentioning significant purchases.
  • Workaholic: An addiction to work, not necessarily because one enjoys it but because one feels compelled to continue. This usually leads to neglect of family and friends.
  • Financial Incest: Father/son psychologists Ted Klontz and Brad Klontz coined the term “financial incest” to describe situations in which children are used by adults to bear unreasonable, age-inappropriate responsibility for financial situations. An example is a mother relying heavily on her 12-year-old son to help make family financial decisions.
  • Financial Enabling: A process by which a person recognizes that a negative financial circumstance is occurring on a regular basis and yet inadvertently assists that individual in such a way that detrimental behavior continues. For example, a father continues to provide large sums of money to his financially strapped adult daughter who is then not motivated to support herself.
  • Hoarding: A symptom of obsessive-compulsive disorder (OCD). Frost and Hartl (1996) provide the following defining features: the acquisition of and failure to discard a large number of possessions that appear to be useless or of limited value; living spaces sufficiently cluttered so as to preclude activities for which those spaces were designed; significant distress or impairment in functioning caused by the hoarding; reluctance or inability to return borrowed items; as boundaries blur, impulsive acquisitiveness could sometimes lead to kleptomania or stealing.

Answer a few simple questions to see what your relationship with money looks like. Click on Let’s get started to see if you can identify with one or several of these issues. I can be reached at or 818.851.1293.