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Family, Life Course, and Society

Journal of Financial Therapy

2022

Articles 1 - 15 of 15

Full-Text Articles in Social and Behavioral Sciences

Editorial Vol. 13 Issue 1, Sarah D. Asebedo Jan 2022

Editorial Vol. 13 Issue 1, Sarah D. Asebedo

Journal of Financial Therapy

The articles in this issue build our knowledge of the intersection between couples and money by taking us on an evidence-based journey through the beginning (newlyweds and emerging adults) and end (divorce) of a couples’ relationship life cycle while giving insight into early childhood experiences (trauma) that might impact financial beliefs, behaviors, and financial transparency in relationships. These articles incorporate several interesting concepts including adverse childhood experiences, attachment styles, early financial discussions, financial conflict, alimony decisions, spenders, and tightwads. Furthermore, the authors do a fine job of incorporating advanced statistical methods (e.g., structural equation modeling, missing data methods, actor-partner interdependence …

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Editorial, Vol. 13 Issue 2: Special Issue On Diversity, Inclusion, And Equity In Financial Therapy, Wookjae Heo, Abed Rabbani Jan 2022

Editorial, Vol. 13 Issue 2: Special Issue On Diversity, Inclusion, And Equity In Financial Therapy, Wookjae Heo, Abed Rabbani

Journal of Financial Therapy

We are honored to present the special issue of diversity, equity, and inclusion in financial therapy, as JFT’s second issue of volume 13, 2022.

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Book Review: Rewire For Wealth, Jami Dandridge Jan 2022

Book Review: Rewire For Wealth, Jami Dandridge

Journal of Financial Therapy

Book Review: Rewire for Wealth

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Money And Betrayal: Perceptions Of Alimony Fairness In Relation To Infidelity, Jessica Wery, Michael Kothakota Jan 2022

Money And Betrayal: Perceptions Of Alimony Fairness In Relation To Infidelity, Jessica Wery, Michael Kothakota

Journal of Financial Therapy

Alimony is a contentious topic often argued over during a divorce. Individuals getting divorced seek fairness in an alimony settlement, but due to how laws are written this can seem arbitrary. Public policy suggests laws should reflect the suggestions of the people it affects. Thus, public perception of alimony fairness is an important component in the discussion of what is fair for spouses. In addition, infidelity in marriage might change how the public views what is fair. This study collected data from 1,285 individual United States participants. Participants were randomly assigned a vignette condition related to a hypothetical alimony scenario …

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Researcher Profile: Miranda Reiter, Miranda Reiter Jan 2022

Researcher Profile: Miranda Reiter, Miranda Reiter

Journal of Financial Therapy

Researcher Profile: Miranda Reiter

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Researcher Profile: Kimberly Watkins, Kimberly Watkins Jan 2022

Researcher Profile: Kimberly Watkins, Kimberly Watkins

Journal of Financial Therapy

Researcher Profile: Kimberly Watkins

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The Sooner, The Better? Couples' First Financial Discussion, Relationship Quality, And Financial Conflict In Emerging Adulthood, Matthew T. Saxey, Ashley B. Lebaron-Black, Melissa A. Curran Jan 2022

The Sooner, The Better? Couples' First Financial Discussion, Relationship Quality, And Financial Conflict In Emerging Adulthood, Matthew T. Saxey, Ashley B. Lebaron-Black, Melissa A. Curran

Journal of Financial Therapy

In couple relationships, discussing finances is often considered taboo. Specifically, emerging adult couples experience several unique financial challenges that may contribute to poorer financial communication and pose relational risks. Utilizing structural equation modeling with a sample of 1,950 U.S. emerging adults, the current study tests associations between the time of a couple’s first financial discussion, financial communication, relationship quality, and financial conflict. Results indicate that initiating financial discussion earlier in a romantic relationship may benefit relationship quality—through financial communication. However, having an earlier first financial discussion as a couple was also positively associated with financial conflict. Financial therapists might consider …

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Spenders And Tightwads Among Newlyweds: Perceptions Of Partner Financial Behaviors And Relational Well-Being, Heather H. Kelley, Alexa B. Chandler, Ashley B. Lebaron-Black, Xiaomin Li, Melissa A. Curran, Jeremy B. Yorgason, Spencer James Jan 2022

Spenders And Tightwads Among Newlyweds: Perceptions Of Partner Financial Behaviors And Relational Well-Being, Heather H. Kelley, Alexa B. Chandler, Ashley B. Lebaron-Black, Xiaomin Li, Melissa A. Curran, Jeremy B. Yorgason, Spencer James

Journal of Financial Therapy

Finances, and how couples manage their finances, can have important implications for couples’ relational well-being. Using data from 1,585 couples that participated in the CREATE study (a nationally representative dyadic dataset of U.S. newlywed couples), we examined how perceiving one’s spouse as a financial spender (i.e., spending more than they ideally would) or financial tightwad (i.e., spending less than they ideally would) was associated with several measures of relational well-being (i.e., satisfaction, commitment, and power) through actor-partner interdependence structural equation models. Results showed that perceiving one’s partner as a spender was detrimental for both the individual’s and the partner’s marital …

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A Review Of Permission To Feel: The Power Of Emotional Intelligence To Achieve Well-Being And Success, Ashlyn Rollins-Koons, Cheryl Rauh Jan 2022

A Review Of Permission To Feel: The Power Of Emotional Intelligence To Achieve Well-Being And Success, Ashlyn Rollins-Koons, Cheryl Rauh

Journal of Financial Therapy

A Review of Permission to Feel: The Power of Emotional Intelligence to Achieve Well-Being and Success

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Practitioner Profile: Deb Finnegan Biever, Deb Finnegan Biever Jan 2022

Practitioner Profile: Deb Finnegan Biever, Deb Finnegan Biever

Journal of Financial Therapy

Practitioner Profile: Deb Finnegan Biever

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Promoting Inclusion In Your Practice For Transgender And Gender Non-Conforming Clients: Utilizing The Inclusive Financial Well-Being Empowerment Model, Goldie Prelogar-Hernandez, Megan A. Mccoy, Meghaan Lurtz, Kenneth J. White Jan 2022

Promoting Inclusion In Your Practice For Transgender And Gender Non-Conforming Clients: Utilizing The Inclusive Financial Well-Being Empowerment Model, Goldie Prelogar-Hernandez, Megan A. Mccoy, Meghaan Lurtz, Kenneth J. White

Journal of Financial Therapy

Despite increasing attention to cultural humility and inclusivity for financial therapy, mental health, and financial practitioners, little is written about the best practices for working with transgender and gender non-conforming (GNC) clients. This theoretical paper will review these best practices and will present a hypothetical financial therapy case study that utilizes the Inclusive Financial Well-being Empowerment Model (IFWEM). The goal of this work is to introduce practitioners to the best practices for working with transgender and GNC clients in an inclusive and empowering way and to promote future data-driven research for this population.

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The Intersectionality Of Race And Gender In Financial Planner Use, Miranda Reiter, Di Qing, Narita Anderson, Kimberly Watkins Jan 2022

The Intersectionality Of Race And Gender In Financial Planner Use, Miranda Reiter, Di Qing, Narita Anderson, Kimberly Watkins

Journal of Financial Therapy

Using the 2019 Survey of Consumer Finances, this study examined the role of race and gender regarding the use of financial planners through the lens of intersectionality. More specifically, this study investigated whether there was an association between race and gender, notably for Black women, and financial planner use compared to White women, Black men, and White men. Results of the interaction analyses in the probit model show that Black women were more likely to use financial planners than other groups. A follow-up analysis indicated that results were significant when comparing Black women to White men but there was no …

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Financial Well-Being: Psychological Factors That Affect African Americans' Financial Well-Being, Crystal R. Hudson, Cw Copeland, John Young Jan 2022

Financial Well-Being: Psychological Factors That Affect African Americans' Financial Well-Being, Crystal R. Hudson, Cw Copeland, John Young

Journal of Financial Therapy

Most families strive toward financial security and well-being, which would allow them to weather financial shocks and accomplish their long-term goals. However, African Americans have not experienced the same level of financial well-being as others, and this study explored psychological factors that may affect their financial well-being. Data from the 2016 National Financial Well-Being survey (NFWBS), including the CFPB (Consumer Financial Protection Bureau) Financial Well-Being scale, was utilized in this study. Researchers found that the following factors had a significant positive relationship with the financial well-being of African Americans; grasp of financial skills (confidence), mistreatment with financial services (trust), and …

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Female Breadwinners, Money And Shame: How Financial Planners Can Help, Heath Carelock, Darren Hinds, Sabina Lewis, David Hoffman, Meghaan Lurtz Jan 2022

Female Breadwinners, Money And Shame: How Financial Planners Can Help, Heath Carelock, Darren Hinds, Sabina Lewis, David Hoffman, Meghaan Lurtz

Journal of Financial Therapy

Women who earn more than their male spouses, in a heterosexual relationship, are a growing underrepresented group. Some female breadwinners feel shame related to the reversal of traditional gender roles. These feelings of shame can interfere with the financial planning process. Five interventions are provided as examples of how financial planners, financial therapists, or financial counselors and other financial professionals can help female breadwinners with shame issues. Whether a planner uses one of these interventions, some other intervention, or no intervention at all will depend on their training and level of competence. Using an intervention can help a female breadwinner …

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Practitioner Profile: Ashley Agnew, Ashley Agnew Jan 2022

Practitioner Profile: Ashley Agnew, Ashley Agnew

Journal of Financial Therapy

Practitioner Profile: Ashley Agnew

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