Financial therapy is not a cure - Deepstash

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

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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.

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

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