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Financial therapy

Financial therapy

Matters of money is a struggle for many people and can even become a phobia. To deal with the phobia, many people are turning to financial therapists for help.

Financial therapy is a form of therapy that untangles the relationships with money by treating the emotional root of money stress instead of the behaviour itself.

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MORE IDEAS ON THIS

Money phobia

Money decisions are related to emotions. According to a 2019 UK survey, money is the number one cause of stress.

Tips to help overcome this phobia.

  • Cognitive behavioural therapy (CBT) is a practical approach that focuses on making changes by looking at underlying...

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Financial therapy is not a cure

Financial therapy is still a new field and confined to the US. There is still much to learn about the benefits and limitations of the therapy. Nevertheless, the potential benefits seem promising.

A concern is that financial phobias are often intertwined with other psycholo...

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IDEAS CURATED BY

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"My adversary is the world of finance." ~ Francois Hollande

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Kinds of Therapy

Most therapists are equipped with multiple approaches and can tailor them based on one's specific needs. The two common types of therapy are:

  • Cognitive-Behavioral Therapy(CBT): Identifies and monitors and corrects unhealthy behavioral patterns. It is effective in trea...

Dialectical Behaviour Therapy (DBT)

Created by American psychologist Marsha Linehan, Dialectical Behaviour Therapy (DBT) is used for treating personality disorders whose symptoms include chronic emotional dysregulation and suicidal thoughts.

DBT provides people with the four skill sets to manage their emotio...

Digital therapy

Digital therapy

More than ever, people struggling with mental health issues are turning to therapy apps. While some applications connect you with a licensed therapist, many apps have gone humanless - from friendly chatbots that offer cognitive behavioural therapy to apps that claim to help peopl...

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