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Full-Text Articles in Psychology

Practitioner Profile: An Interview With Aja Evans, Aja Evans Jan 2023

Practitioner Profile: An Interview With Aja Evans, Aja Evans

Journal of Financial Therapy

Practitioner Profile: An Interview with Aja Evans


The Empowerment Model Of Clinical Supervision And Its Application To Standardization Of Financial Therapy Supervision, Khara Croswaite Brindle Jan 2023

The Empowerment Model Of Clinical Supervision And Its Application To Standardization Of Financial Therapy Supervision, Khara Croswaite Brindle

Journal of Financial Therapy

Financial therapy creates a meaningful bridge between mental health and money, which indicates a complex framework in support of clients and financial therapists alike. Recognizing the newness of financial therapy as a profession, adopting a supervision style for financial therapists that can support the integrity and ethics of the profession, as well as define the growth opportunities of financial therapists called to do this meaningful work, is of utmost importance. The Empowerment Model of Clinical Supervision, with its focus on self of the therapist and empowerment of supervisees, can serve as a template for the standardization of financial therapy supervision.


Examining Financial Anxiety Focusing On Interactions Between Financial Knowledge And Financial Self-Efficacy, Jae Min Lee, Abed Rabbani, Wookjae Heo Jan 2023

Examining Financial Anxiety Focusing On Interactions Between Financial Knowledge And Financial Self-Efficacy, Jae Min Lee, Abed Rabbani, Wookjae Heo

Journal of Financial Therapy

This study examined whether the association between financial knowledge and financial anxiety depends on an individual’s financial self-efficacy by incorporating an interaction term between financial self-efficacy and financial knowledge. The self-efficacy component of the social cognitive theory of self-regulation has been tested using the 2018 National Financial Capability Study dataset. Households with higher financial knowledge and financial self-efficacy had lower levels of financial anxiety. After adding interaction terms of financial knowledge and financial self-efficacy in the model, the relationship between financial knowledge and financial anxiety depended on the levels of financial self-efficacy. Among those with anything less than high financial …


Researcher Profile: An Interview With Melissa Curran, Melissa Curran Jan 2023

Researcher Profile: An Interview With Melissa Curran, Melissa Curran

Journal of Financial Therapy

Researcher Profile: An Interview with Melissa Curran


Editorial Volume 14, Issue 1, Sarah D. Asebedo Jan 2023

Editorial Volume 14, Issue 1, Sarah D. Asebedo

Journal of Financial Therapy

Editorial Volume 14, Issue 1


Siblings, Family Systems Theory, Guardianship, And Restoring The Triad, Meghaan R. Lurtz, Andew Komarow, Elizabeth Yoder, Julia Vassallo Jan 2023

Siblings, Family Systems Theory, Guardianship, And Restoring The Triad, Meghaan R. Lurtz, Andew Komarow, Elizabeth Yoder, Julia Vassallo

Journal of Financial Therapy

Special needs estate planning introduces additional complexity, including the need to plan for ongoing caregiving after members of the parents’ generation have passed. This caregiving role is often left to siblings. (Brandy, Burke, Landon, Oertle, 2018). The sibling relationship has not been well-studied in this context, and the relationship dynamic has become more complex as families have changed in recent years (Sanner & Jensen, 2021). The overall goal of the paper is to discuss alternatives for structuring caretaking (e.g., conservatorship, guardianship, supported decision-making) that may restore the triad relationship, i.e., the strongest relationship identified in Family Systems Theory through which …


A Review Of “The Behavior Gap: Simple Ways To Stop Doing Dumb Things With Money”, Stephen Molchan Jan 2023

A Review Of “The Behavior Gap: Simple Ways To Stop Doing Dumb Things With Money”, Stephen Molchan

Journal of Financial Therapy

A Review of “The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money”


The New Kid On The Block: Ifs Informed Financial Therapy, Richard S. Kahler, Michelle Glass Jan 2023

The New Kid On The Block: Ifs Informed Financial Therapy, Richard S. Kahler, Michelle Glass

Journal of Financial Therapy

Internal Family Systems℠ (IFS) therapy is an evidenced-based therapeutic (EBT) tool used to treat various mental health disorders and non-clinical issues. IFS is a promising new approach to building healthy financial behaviors when combined it with financial therapy. During a financial discussion, beliefs, money scripts, and stories around the client’s money history are expressed and are then explored using IFS protocols. IFS provides the financial therapist with a tool that has a high probability of being effective at helping clients access their hidden extreme beliefs, emotions, and stories around money and offers the hope of making changes resulting in lasting …


Practitioner Profile: An Interview With Rick Kahler, Rick Kahler Jan 2023

Practitioner Profile: An Interview With Rick Kahler, Rick Kahler

Journal of Financial Therapy

Practitioner Profile: An Interview with Rick Kahler


Direct And Indirect Effects Of Subjective Financial Knowledge With Financial Satisfaction, Jibin Antony, Antony Thomas Jan 2023

Direct And Indirect Effects Of Subjective Financial Knowledge With Financial Satisfaction, Jibin Antony, Antony Thomas

Journal of Financial Therapy

In this study, we differentiate subjective financial knowledge from objective financial knowledge and propose that subjective financial knowledge relates to financial satisfaction both directly as well as indirectly through financial behavior. This study used data obtained from a multi-stage random sample of household financial officers in Kerala, India (n=450). Results showed that subjective financial knowledge significantly relates to household financial officers’ financial satisfaction after controlling for objective financial knowledge and other socioeconomic factors. The relationship between subjective financial knowledge and financial satisfaction could be both direct and indirect through financial behavior. The findings suggest that financial education programs should focus …


Editorial: Vol. 14, Issue 2, Ed Coambs Jan 2023

Editorial: Vol. 14, Issue 2, Ed Coambs

Journal of Financial Therapy

Editorial: Vol. 14, Issue 2


You Are Your Best Intervention: Utilizing Person-Of-The-Therapist Training In Financial Therapy, Megan A. Mccoy, Stephen Molchan, Kristy L. Archuleta, Ingrid Ponciano Jan 2023

You Are Your Best Intervention: Utilizing Person-Of-The-Therapist Training In Financial Therapy, Megan A. Mccoy, Stephen Molchan, Kristy L. Archuleta, Ingrid Ponciano

Journal of Financial Therapy

The field of financial therapy recognizes the importance of the therapist's self in facilitating effective client outcomes. Self-exploration involves a comprehensive exploration of the therapist's relationship with money, allowing them to leverage their experiences, financial flashpoints, and money scripts ethically and effectively. By engaging in self-exploration, financial therapists become role models for their clients, inspiring them to embark on their personal growth journeys. However, therapists must exercise caution to avoid projecting their beliefs onto clients. This paper explores how one specific program on the self-of-the-therapist exploration, the person-of-the-therapist model (POTT; Aponte, 1982), can be applied to financial therapy self-work. This …


The Self-Reflective Financial Therapist: Creating A Financial Genogram, Chelsey L. Holden, Michelle Jeanfreau Jan 2023

The Self-Reflective Financial Therapist: Creating A Financial Genogram, Chelsey L. Holden, Michelle Jeanfreau

Journal of Financial Therapy

The financial genogram offers the therapist an opportunity to explore and unpack his or her own financial journey as a method of self-reflection and self-discovery as well as to become more responsive and understanding toward our clients. This manuscript utilizes an experiential financial therapy framework to make a case for why this self-of-the-financial-therapist process is beneficial, provides steps on how to create the therapist’s financial genogram, and outlines a guide of reflective questions for the therapist to consider as part of the financial genogram process.


Book Review: Smart Money, Eric J. Dammann Jan 2023

Book Review: Smart Money, Eric J. Dammann

Journal of Financial Therapy

Book Review: Smart Money


Practitioner Profile: Debra Kaplan, Debra Kaplan Jan 2023

Practitioner Profile: Debra Kaplan, Debra Kaplan

Journal of Financial Therapy

Practitioner Profile: Debra Kaplan


Researcher Profile: Megan Ford, Megan Ford Jan 2023

Researcher Profile: Megan Ford, Megan Ford

Journal of Financial Therapy

Researcher Profile: Megan Ford


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 …


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.


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


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 …


Researcher Profile: Miranda Reiter, Miranda Reiter Jan 2022

Researcher Profile: Miranda Reiter, Miranda Reiter

Journal of Financial Therapy

Researcher Profile: Miranda Reiter


Researcher Profile: Kimberly Watkins, Kimberly Watkins Jan 2022

Researcher Profile: Kimberly Watkins, Kimberly Watkins

Journal of Financial Therapy

Researcher Profile: Kimberly Watkins


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 …


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 …


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


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


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.


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 …


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 …


Practitioner Profile: Ashley Agnew, Ashley Agnew Jan 2022

Practitioner Profile: Ashley Agnew, Ashley Agnew

Journal of Financial Therapy

Practitioner Profile: Ashley Agnew