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.

Financial therapy

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. <ul><li>Cognitive behavioural therapy (CBT) is a practical approach that focuses on making changes by looking at underlying problems.</li><li>To get a better emotional return on your spending, people should spend on what they value most and save on what they value the least.</li><li>Identifying emotional triggers can help to self-manage.</li></ul>

Money phobia

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 psychological issues that need to be addressed first. The idea of a few sessions and you're cured won't necessarily work.

Financial therapy is not a cure

Money is a struggle for so many, and even manifests as a phobia in some. Is talking about it a way to crack the code?

Financial therapy

Can financial therapy untangle our relationship with money?

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