Social Work Commons^™

Editorial, Volume 11, Issue 2, Kristy L. Archuleta

Journal of Financial Therapy

In this issue, we present four scholarly articles, two book reviews, and two professional profiles. The scholarly articles address a range of issues across diverse populations.

Save, Even If It’S A Penny”: Transnational Financial Socialization Of Black Immigrant Women, Bertranna A. Muruthi, Kimberly Watkins, Megan A. Mccoy, Kenneth J. White, Amanda Stafford Mcrell, Michael Thomas, Abiola Taiwo

Journal of Financial Therapy

The purpose of this study is to investigate Black-Caribbean and African women’s transnational financial socialization. Analysis of the data show 1) financial socialization in the country of origin: (a) parents stressed the importance of saving, (b) learned about money management explicitly, (c) learned about money management through observation, (d) learned by observing parent’s struggle; and 2) the impact to women’s financial navigation in the U.S.: (a) not receiving financial education, (b) unexpected financial stressors in the U.S., (c) difficulty saving, (d) the need for more financial education. Implications for mental health and financial practitioners and researchers are provided.

Integrating Financial Therapy Within Family-Owned Businesses: A Theoretical Case Vignette With Recommended Strategies For Consulting With Copreneurs, Josh W. Harris, Rob Stephens, Derek Sensenig, Stefanie Pickard, Megan A. Mccoy, Richard Kahler

Journal of Financial Therapy

Broadly speaking, finances are often one of the most strenuous aspects of a relationship. One potential contributing factor to financial conflict experienced by couples are having different beliefs or attitudes towards money, coined previously as money scripts (Klontz, Kahler, & Klontz, 2008). Differing money scripts between partners can cause a breach in understanding of their partner's internal experience around money that may lead to misunderstanding and conflict. This may be magnified for copreneurs, or romantic partners, who integrate a personal and working relationship within a business’s ownership structure. In this unique arrangement of personal and professional relationships, the traditional lines …

Book Review: The Less People Know About Us, Tiyani Rodrigo

Journal of Financial Therapy

The Less People Know about Us is an autobiographical book written by Axton Betz-Hamilton. The book focuses on her own experiences of child identity theft and the elder financial exploitation perpetrated by a loved one. Inspired by this experience, Dr. Betz-Hamilton went on to receive a Ph.D. in Human Development and Family Studies and has since dedicated her research to the area of child identity theft. This book review evaluates the organization of the book exploring the usability of the book for practitioners in the field of financial therapy. The Less People Know about Us was enjoyable to read due …

Book Review: Tiny Habits: The Small Changes That Change Everything, Tracy E. Kasing

Journal of Financial Therapy

Book Review of Tiny Habits: The Small Changes that Change Everything.

Book Review: Advice That Sticks, Erin Bruce

Journal of Financial Therapy

Book Review for Advice that Sticks: How to give financial advice that people will follow written by Dr. Moira Somers

Understanding The Experiences Of Familiar Identity Theft Victims When A Parent Is The Perpetrator: A Pilot Study, Axton Betz-Hamilton

Journal of Financial Therapy

Incidents of familiar identity theft are becoming more common, yet limited research has explored the experiences of such victims, particularly those who had their identity stolen by a parent. In this qualitative pilot study, six participants shared their experiences during interviews. Data were analyzed using interpretive content analysis. The following preliminary themes emerged from the data: Not Filing a Police Report, Negative Impacts, Positive Impacts, Social and Demographic Factors, and Helpful Resources. Lessons learned regarding methods and suggestions for future research are provided.

Financial Help-Seeking Behaviors Of Young Adults, Christina E. Glenn, Stuart J. Heckman

Journal of Financial Therapy

The financial help-seeking behaviors of Millennials are explored and guided by the Family Financial Socialization conceptual model developed by Gudmunson and Danes (2011). Using data from the 1997 cohort of the National Longitudinal Study of Youth, a random effects probit model was used to estimate the probability of a respondent seeking financial advice at any point in time from 2006 to 2013. Results indicate personal and family demographic characteristics are associated with the decision to seek financial advice. Further analysis was conducted to determine the probability of seeking help from a financial professional. Among those who sought help, gender, marital …

Researcher Profile: Kenneth White

Journal of Financial Therapy

Research Profile Kenneth White

Researcher Profile Interview: Christina Glenn, Christina Glenn

Journal of Financial Therapy

Researcher Profile Interview: Christina Glenn

Practitioner Profile Interview: Elizabeth Sterbenz, Elizabeth Sterbenz

Journal of Financial Therapy

Practitioner Profile Interview: Elizabeth Sterbenz

Editorial, Volume 11 Issue 1, Kristy L. Archuleta

Journal of Financial Therapy

Of any field, financial therapy is uniquely positioned to help people, whether individuals, couples, or families, strengthen, adapt, and improve their wellness during this time. Financial therapists are sensitive to cultural aspects of how money impacts clients’ everyday lives. Through our unique understanding and knowledge of the intersection of money, relationships, emotions, and ways of thinking and being, we can facilitate change and offer new perspectives of hope, connection, and personal growth. While none of the articles in this issue of the journal directly address the global pandemic, the research presented and profiles highlighted do offer new insights on topics …

Book Review: Surviving Debt Expert Advice For Getting Out Of Financial Trouble, Audrey Kernodle

Journal of Financial Therapy

Surviving Debt: Expert Advice for Getting Out of Financial Trouble is a comprehensive synthesis of techniques and advice from the nation’s consumer law experts that provides all the fundamental information needed to manage debt in the United States.

Practitioner Profile: An Interview With Tara Tussing Unverzagt

Journal of Financial Therapy

PRACTITIONER PROFILE

An Interview with

Tara Tussing Unverzagt