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Full-Text Articles in Social Work
Book Review: Client Psychology
Book Review: Client Psychology
Journal of Financial Therapy
For practitioners and researchers in the field of financial therapy, the interweaving of emotion and money has been at the center of our attention since the field’s inception (Grable, McGill, &Britt, 2010). The field of financial planning, a field in its 50th year (Brandon& Welch, 2009) is making active steps to include this same realization in the Center for Financial Planning’s edited book, Client Psychology. The work, edited by Dr. Charles Chaffin, the director of academic programs and initiatives for the CFP® Board, brings together important chapters that begin to prepare financial planners for integrating client psychology into their practices.
Editorial, Volume 7, Issue 2, Kristy L. Archuleta
Editorial, Volume 7, Issue 2, Kristy L. Archuleta
Journal of Financial Therapy
This issue features four articles, two profiles, and one book review. Each article adds a new contribution to the field of financial therapy. First, Dr. Asebedo applies a conflict resolution framework to money arguments. Next, Drs. Rea, Zuiker, and Mendenhall explore financial management practices among emerging adult couples. In the third paper, Drs. Ann Woodyard and Cliff Robb help to add further description of financial satisfaction. Then, Dr. Russell James offers a unique theoretical analysis of mortality salience and financial decisions. This issue also features a practitioner profile of Beth Crittenden and a scholar profile of Sarah Asebedo. Finally, we …
Ethical Issues And Decision Making In Collaborative Financial Therapy, D. Bruce Ross, Jerry Gale, Joseph Goetz
Ethical Issues And Decision Making In Collaborative Financial Therapy, D. Bruce Ross, Jerry Gale, Joseph Goetz
Journal of Financial Therapy
The purpose of this article is to introduce potential ethical challenges that may arise when a financial and mental health professional collaborate to provide financial therapy and recommendations on how to effectively address these concerns. The development of ethical and professional practices requires extensive dialogue from practitioners in the emerging field of financial therapy; however, it is important to first develop an awareness and sensitivity to the ethical and professional issues across disciplines. This article examines the differences and similarities between the codes of ethics of different financial and mental health disciplines, and addresses six core ethical and professional issues: …
Researcher Profile: An Interview With John E. Grable, Ph.D., Cfp(R), John Grable
Researcher Profile: An Interview With John E. Grable, Ph.D., Cfp(R), John Grable
Journal of Financial Therapy
John E. Grable, Ph.D., CFP(R) teaches and conducts research in the Certified Financial Planner(TM) Board of Standards undergraduate and graduate programs at the University of Georgia. Prior to entering the academic profession, he worked as a pension/benefits administrator and later as a Registered Investment Advisor in an asset management firm. He served as the founding editor for the Journal of Personal Finance and as the co-founding editor of the Journal of Financial Therapy. His research interests include financial risk-tolerance assessment, psychophysiological economics, and financial planning help-seeking behavior. Dr. Grable has published nearly 100 peer-reviewed papers, co-authored two financial …
Narrative Financial Therapy: Integrating A Financial Planning Approach With Therapeutic Theory, Megan A. Mccoy, D. Bruce Ross, Joseph W. Goetz
Narrative Financial Therapy: Integrating A Financial Planning Approach With Therapeutic Theory, Megan A. Mccoy, D. Bruce Ross, Joseph W. Goetz
Journal of Financial Therapy
The article serves as one of the first attempts to develop an integrated theoretical approach to financial therapy that can be used by practitioners from multiple disciplines. The presented approach integrates the components of the six-step financial planning process with components of empirically-supported therapeutic methods. This integration provides the foundation for a manualized approach to financial therapy, shaped by the writings of narrative theorists and select cognitive-behavioral interventions that can be used both by mental health and financial professionals.
Researcher Profile: An Interview With Russell James, Jd, Phd, Cfp(R), Russell James
Researcher Profile: An Interview With Russell James, Jd, Phd, Cfp(R), Russell James
Journal of Financial Therapy
Russell James is a professor and the CH Foundation Chair in Personal Financial Planning in the Department of Personal Financial Planning at Texas Tech University, where he is also the Director of Graduate Studies in Charitable Financial Planning. His research is focused on encouraging generosity and satisfaction in financial decision-making.
2013 Membership Profile Of The Financial Therapy Association: A Strategic Planning Report, Sarah Asebedo, Megan A. Mccoy, Kristy L. Archuleta
2013 Membership Profile Of The Financial Therapy Association: A Strategic Planning Report, Sarah Asebedo, Megan A. Mccoy, Kristy L. Archuleta
Journal of Financial Therapy
A second profile of the Financial Therapy Association (FTA) membership was conducted to continue the development of financial therapy as a new area of practice and study. The FTA was established in 2010 as an effort to bring together practitioners and researchers from diverse disciplines to share in a common vision of financial therapy. This profile report depicts the demographic profile (e.g., age, education, gender, occupation, income) and perspectives of members who participated in the survey commissioned by the FTA Strategic Planning Committee in 2013. The results of the membership profile survey highlight the future directions of and the challenges …
A Therapist’S Perspective Of A Financial Planning Course: Implications For Financial Therapy Education And Trainings, Megan Ann Mccoy, Jerry Gale, Megan Ford, Ronald G. Mccoy Ii
A Therapist’S Perspective Of A Financial Planning Course: Implications For Financial Therapy Education And Trainings, Megan Ann Mccoy, Jerry Gale, Megan Ford, Ronald G. Mccoy Ii
Journal of Financial Therapy
This paper presents the autoethnography of a doctoral Marriage and Family Therapy (MFT) student studying finances in a graduate course. A dataset in the form of field notes was created through recording observations and reflective journaling during the 15 week financial planning course. This data set included observations and insights on various skills and knowledge that would be helpful for conducting financial therapy, the professional and personal growth of a therapist integrating finances into her clinical work, and evaluations regarding how financial courses can be beneficial for therapists and planners who are interested in the interaction between relational and financial …
Disordered Money Behaviors: Development Of The Klontz Money Behavior Inventory, Bradley Klontz, Sonya L. Britt, Kristy L. Archuleta, Ted Klontz
Disordered Money Behaviors: Development Of The Klontz Money Behavior Inventory, Bradley Klontz, Sonya L. Britt, Kristy L. Archuleta, Ted Klontz
Journal of Financial Therapy
Much of the existing literature on financial behavior focuses on basic money management tasks (e.g., balancing a checkbook). However, it can be equally important to identify problematic financial behaviors that can sabotage one’s financial health. The purpose of this study was to create an assessment tool that can be used by mental health and financial professionals to identify disordered money behaviors that may impede on progress towards one’s financial goals. This study asked 422 respondents to indicate their agreement with disordered money behaviors, including compulsive buying, pathological gambling, compulsive hoarding, workaholism, financial enabling, financial dependence, financial denial, and financial enmeshment, …
Tactical Asset Management Or Financial Trauma?: Why The Abandonment Of Buy-And-Hold May Be A Symptom Of Posttraumatic Stress, Bradley Klontz, Sonya L. Britt
Tactical Asset Management Or Financial Trauma?: Why The Abandonment Of Buy-And-Hold May Be A Symptom Of Posttraumatic Stress, Bradley Klontz, Sonya L. Britt
Journal of Financial Therapy
The purpose of this study was to measure the psychological impact of the 2008 financial crisis on financial planners. Recent surveys of financial advisors have confirmed a fundamental shift away from strategic management in favor of tactical management, with planners reporting having had made on average 2.15 adjustments in the past 12 months to take advantage of market changes (FPA 2012 Trends in Investing Study, 2012), and 83% of financial planners planning to make at least one tactical adjustment within the next three months (Veres, 2012). This article explores the psychological impact of the 2008 financial crisis on financial planners, …