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Full-Text Articles in Social Work

Financial Infidelity In Couple Relationships, Michelle Jeanfreau, Kenji Noguchi, Michael D. Mong, Hans Stadthagen Jan 2018

Financial Infidelity In Couple Relationships, Michelle Jeanfreau, Kenji Noguchi, Michael D. Mong, Hans Stadthagen

Journal of Financial Therapy

Four hundred and fourteen participants answered questions regarding financial habits within the context of the couple relationship. The Big Five Personality Inventory and a Martial and Life Satisfaction Scale were used to determine the incidence and factors associated with financial infidelity. Results indicated that 27% of participants have kept a financial secret from their partner. Furthermore, both marital and life satisfaction were lower for participants who have experienced financial infidelity than in those who have not. Finally, conscientiousness, a factor from the Big Five Personality Inventory, showed a significant difference, suggesting that more organized individuals were less likely to keep ...


Researcher Profile: An Interview With D. Bruce Ross, D. Bruce Ross Jan 2018

Researcher Profile: An Interview With D. Bruce Ross, D. Bruce Ross

Journal of Financial Therapy

D. Bruce Ross, Ph.D., is an Assistant Professor in the Family Sciences Department at the University of Kentucky. He has a Master’s in Marriage and Family Therapy, and a Ph.D. in Human Development and Family Science with an Emphasis in Marriage and Family Therapy and a specialization in financial counseling and financial therapy practices. Dr. Ross’ professional and research interests primarily focus on personal and family financial well-being. At the University of Kentucky, he is currently helping to develop a new undergraduate program of Consumer Economics and Personal Finance within the Family Sciences Department. Also, Dr. Ross ...


Editorial: Volume 9, Issue 1, Kristy L. Archuleta Jan 2018

Editorial: Volume 9, Issue 1, Kristy L. Archuleta

Journal of Financial Therapy

This year has been an exciting year for the Journal of Financial Therapy’s sponsoring organization, Financial Therapy Association. An idea was sparked many years ago by the FTA Board of Directors that a designation or credential should be created. With the ushering in of CFT-I™, it is a critical moment for further research to be conducted that will continue to help inform the practice of financial therapy. Now, more than ever, we must connect the areas of practice, research, and theory to not only inform best practices of financial therapy, but also to legitimize the work. Meaningful research to ...


Book Review: Legacy, Jackie Phillips Jan 2018

Book Review: Legacy, Jackie Phillips

Journal of Financial Therapy

Legacy: The Hidden Keys to Optimizing Your Family Wealth Decisions provides insightful, practical advice for leaving a legacy and making decisions. The book provides real-life examples of how individuals can discover and secure the “whys” needed for themselves when making decisions. It also provides questions and steps that financial advisors can take to get their clients to identify their values and think about how their decisions can support said values in the long-run.


Book Review: The Financial Diaries, Barbara O'Neill Jan 2018

Book Review: The Financial Diaries, Barbara O'Neill

Journal of Financial Therapy

Researchers and practitioners will gain valuable insights into the financial insecurity experienced by many American families after reading this 233-page book by Jonathan Morduch and Rachel Schneider. Morduch is a professor at NYU and Schneider is senior vice president at the Center for Financial Services Innovation. The meticulously referenced book (46 pages are notes and a bibliography) describes a study of family finances.


Practitioner Profile: An Interview With Christine Moriarty, Christine Moriarty Jan 2018

Practitioner Profile: An Interview With Christine Moriarty, Christine Moriarty

Journal of Financial Therapy

Christine Moriarty, MBA, CFP® is a financial speaker, author and coach. She has been quoted extensively in publications including USA Today, Good Housekeeping, the "Boston Globe" and "Fidelity Focus Magazine," as well as several books including "Living Your Joy." She is a past columnist for Vermont Woman and has been published in several periodicals and on-line publications. In addition, she writes a monthly newsletter, “My Peace on Money,” that reaches a growing list of thousands of subscribers.


Editorial Vol 9 Issue 2, Kristy L. Archuleta Jan 2018

Editorial Vol 9 Issue 2, Kristy L. Archuleta

Journal of Financial Therapy

Editorial Vol 9 Issue 2


Book Review: Financial Counseling, Timi Jorgensen Jan 2018

Book Review: Financial Counseling, Timi Jorgensen

Journal of Financial Therapy

This full-service book provides a historically-situated, systemic introduction of the financial counseling profession and an overview of the financial counseling process. The 14 chapters are a compilation of articles written by 26 of the best minds in financial counseling, therapy, planning, as well as psychology and consumer economics. These experts in practice, education, and research take turns chiming in on poignant topics that range from the history of the profession to client communication, and from self-care for counselors to theoretical and practical tips. This book review overviews highlights of this book.


Multigenerational Modeling Of Money Management, Christina M. Rosa, Loren D. Marks, Ashley B. Lebaron, E.Jeffrey Hill Jan 2018

Multigenerational Modeling Of Money Management, Christina M. Rosa, Loren D. Marks, Ashley B. Lebaron, E.Jeffrey Hill

Journal of Financial Therapy

This study is about implicit financial socialization within families. It specifically examines how parental modeling facilitates the intergenerational transmission of healthy financial behaviors. This qualitative, multi-generational, multi-site study begins to answer the following research question: What financial behaviors are parents modeling for their children? The sample for this study (N=115) included 90 undergraduate students (ages 18-30) enrolled in family finance classes at three U.S. universities, 18 of their parents, and 7 of their grandparents. Using a team-based approach to qualitative data collection, analysis, and coding, four consensus themes related to parental financial modeling were distilled: (1) Working for ...


Practitioner Profile: Nikiya Spence, Nikiya Spence Jan 2018

Practitioner Profile: Nikiya Spence, Nikiya Spence

Journal of Financial Therapy

Nikiya Spence, LCSW is a licensed psychotherapist and Certified Money Coach with over seventeen years of clinical experience. Throughout the years, Nikiya has had an innate interest in money education and exploring the relationship that people have with money. As a therapist, it became obvious to Nikiya that although many of her clients did not specifically seek help related to their money issues, many of their problems and causes of stress were rooted in their relationship with money. In fact, their money problems often impacted their work, relationships, and families. It became apparent to Nikiya that it wasn’t the ...


Researcher Profile: Doug Hershey, Douglas A. Hershey Jan 2018

Researcher Profile: Doug Hershey, Douglas A. Hershey

Journal of Financial Therapy

Doug Hershey obtained his Ph.D. in Adult Development and Aging from the University of Southern California (1990). He is currently a Professor of Experimental Psychology at Oklahoma State University, where he also serves as Director of the Retirement Planning Research Laboratory. He has published more than 70 empirical articles on the development of life planning and decision making, with a special interest in the psychological factors that motivate individuals to plan for the future and save for old age. Hershey became a lifetime Fellow of the Gerontological Society of America in 2003, and in 2007 and 2015 he spent ...


Money Disorders And Locus Of Control: Implications For Assessment And Treatment, Colby D. Taylor, Bradley Klontz, Derek Lawson Jul 2017

Money Disorders And Locus Of Control: Implications For Assessment And Treatment, Colby D. Taylor, Bradley Klontz, Derek Lawson

Journal of Financial Therapy

Research has implicated locus of control (LOC) as a factor in the development of psychological disorders, but few studies have examined how LOC relates to money disorders, which occur when stress surrounding money negatively impacts financial health. The present study utilized hierarchical regression to examine how select demographic factors and LOC contribute to 7 distinct money disorders among a sample of 164 college students. Results demonstrate that the link between external LOC and money disorders is stronger than indicated by previous research. Unlike demographic factors, which are static and were not found to predict money disorders in the present study ...


Editorial Vol. 8 Issue 1, Sonya Lutter Jul 2017

Editorial Vol. 8 Issue 1, Sonya Lutter

Journal of Financial Therapy

Editorial Vol. 8 Issue 1


Book Review: Words From The Heart: A Practical Guide To Writing An Ethical Will, Miranda Reiter Jul 2017

Book Review: Words From The Heart: A Practical Guide To Writing An Ethical Will, Miranda Reiter

Journal of Financial Therapy

Book Review

Words from the Heart: A Practical Guide to

Writing an Ethical Will


Practitioner Profile: Roseann Adams, Roseann Adams Jul 2017

Practitioner Profile: Roseann Adams, Roseann Adams

Journal of Financial Therapy

Roseann Adams was born into a working-class Italian immigrant family in Chicago. Her father had been very poor as a child and delighted in the opportunities he found to earn money and provide for his family. Money was not a taboo topic in their household. From a young age she and her younger brothers were exposed to information about their family income, savings, spending, and debt. The children were often in on financial decision-making. It surprised Roseann when she learned that other kids she knew did not have similar information about their own family’s financial matters. She grew up ...


Researcher Profile: Thomas Smith, Thomas Smith Jul 2017

Researcher Profile: Thomas Smith, Thomas Smith

Journal of Financial Therapy

Dr. Thomas E. Smith has been a clinician, researcher, supervisor, and professor for over 30 years. He has more than one hundred articles spanning the fields of family therapy, social work, psychology and financial therapy. He was formerly the Training Director for an accredited postmasters’ training program in family therapy and is now a Professor of Social Work at Florida State University. He is a licensed social worker and a Clinical Fellow and Approved Supervisor with the American Association for Marriage and Family Therapy. He is has written several books on financial therapy. He is the founder and director of ...


Coping With Economic Stress: A Test Of Deterioration And Stress-Suppressing Models, Suzanne Bartholomae, Jonathan Fox Jul 2017

Coping With Economic Stress: A Test Of Deterioration And Stress-Suppressing Models, Suzanne Bartholomae, Jonathan Fox

Journal of Financial Therapy

Economic stress exacts many social and psychological costs on the quality of individual and family life. This study examined the relationships between objective economic stressors, personal and social coping resources, and financial strain. Two waves of data from the National Survey of Families and Households (NSFH) were used to examine variations in the cultural utilization patterns of coping resources among whites (n=4,943), blacks (n=999), and Latinos (n=374). Structural equation modeling tested two competing models of the stress process from the life stress paradigm—the deterioration and stress-suppressing models. The stress-suppressing model was minimally supported; only one ...


Undergraduate Financial Stress, Financial Self-Efficacy, And Major Choice: A Multi-Institutional Study, Kevin Fosnacht, Shannon M. Calderone Jun 2017

Undergraduate Financial Stress, Financial Self-Efficacy, And Major Choice: A Multi-Institutional Study, Kevin Fosnacht, Shannon M. Calderone

Journal of Financial Therapy

Over time, undergraduates students been increasingly forced to assume a greater portion of college costs. For most students, this means borrowing larger sums and cutting back on expenses to fulfill their college dreams, which often leads to financial stress. Using financial self-efficacy theory, we sought to better understand how a lack of financial confidence and a diminished sense of financial well-being may serve to undermine students’ intended short and long-term goals. To this end, we examined the predictors of financial stress based upon a multi-institutional sample of senior undergraduates and focus on the role of the earnings potential of different ...


How Do Money, Sex, And Stress Influence Marital Instability?, E. Jeffrey Hill, David B. Allsop, Ashley B. Lebaron, Roy A. Bean Apr 2017

How Do Money, Sex, And Stress Influence Marital Instability?, E. Jeffrey Hill, David B. Allsop, Ashley B. Lebaron, Roy A. Bean

Journal of Financial Therapy

This study explored how money and sex simultaneously predicted marital instability, and what financial therapists might focus on with clients to address problems in these areas. Specifically, this paper concurrently examined the relationship of marital instability to financial and family stressors (financial stressors, work-family conflict, and parenting stressors); financial and sexual resources (couple income and couple sexual frequency); and financial and sexual perceptions (financial dissatisfaction and sexual dissatisfaction). Couple financial communication and couple relational communication were explored as intervention points for financial therapists. Data came from Wave 2 of the Flourishing Families data set (N = 301). Data were organized using ...


Researcher Profile: Wookjae Heo, Wookjae Heo Jan 2017

Researcher Profile: Wookjae Heo, Wookjae Heo

Journal of Financial Therapy

Researcher Profile: Wookjae Heo


Financial Influences Impacting Young Adults’ Relationship Satisfaction: Personal Management Quality, Perceived Partner Behavior, And Perceived Financial Mutuality, Dung Minh Mao, Sharon M. Danes, Joyce Serido, Soyeon Shim Jan 2017

Financial Influences Impacting Young Adults’ Relationship Satisfaction: Personal Management Quality, Perceived Partner Behavior, And Perceived Financial Mutuality, Dung Minh Mao, Sharon M. Danes, Joyce Serido, Soyeon Shim

Journal of Financial Therapy

In this study, we investigated the extent to which young adults’ (n=274) personal financial management quality and perceived partners’ financial behavior were associated – both directly and indirectly via perceived financial mutuality – with relationship satisfaction in committed relationships. The study was grounded in Social Exchange Theory (SET). A path analysis revealed that perceived partner’s financial behavior had a direct association with perceived financial mutuality, which, in turn, had a direct association with relationship satisfaction. In contrast, the participant’s financial management quality and relationship satisfaction were not directly associated nor was they indirectly associated through perceived financial mutuality. Perceived ...


Book Review: Loaded, Barbara O'Neill Jan 2017

Book Review: Loaded, Barbara O'Neill

Journal of Financial Therapy

Book Review: Loaded


Does She Think It Matters Who Makes More? Perceived Differences In Types Of Relationship Arguments Among Female Breadwinners And Non-Breadwinners, Melanie Mendiola, Julia Mull, Kristy L. Archuleta, Bradley Klontz, Farnoosh Torabi Jan 2017

Does She Think It Matters Who Makes More? Perceived Differences In Types Of Relationship Arguments Among Female Breadwinners And Non-Breadwinners, Melanie Mendiola, Julia Mull, Kristy L. Archuleta, Bradley Klontz, Farnoosh Torabi

Journal of Financial Therapy

This mixed methods study used a sequential exploratory design and Becker’s (1973) Theory of Marriage to explore how female breadwinners and non-breadwinners perceive types of relationship arguments. Respondents completed an online survey targeted to women about money and relationships. Qualitative analyses using a multiple case study approach explored the contents of arguments among three groups: women who earn more than their partner/spouse, women who earn less, and women who earn the same. Quantitative analyses employed independent t-tests to identify differences between female breadwinners and non-breadwinners for variables related to the identified themes from the qualitative analyses. Findings from ...


Editorial: Money & Relationships, Jeffrey P. Dew Jan 2017

Editorial: Money & Relationships, Jeffrey P. Dew

Journal of Financial Therapy

Jeff Dew Editorial Money & Relationships


Practitioner Profile: Bart Colom, Bart Colom Jan 2017

Practitioner Profile: Bart Colom, Bart Colom

Journal of Financial Therapy

Bart Colom Profile


Consideration Of Financial Satisfaction: What Consumers Know, Feel And Do From A Financial Perspective, Ann Sanders Woodyard, Cliff A. Robb Dec 2016

Consideration Of Financial Satisfaction: What Consumers Know, Feel And Do From A Financial Perspective, Ann Sanders Woodyard, Cliff A. Robb

Journal of Financial Therapy

Financial satisfaction has long been considered an important component to consumer life satisfaction and well-being. Using data from the 2012 National Financial Capability Study (NFCS), financial satisfaction is explored in the context of personal characteristics related to financial knowledge (both objective and subjective) as well as self-reported financial behaviors. Ordinary Least Squares Regression is applied to a predictive model of financial satisfaction, and results indicate that measures associated with what people do (behaviors related to recommended practice) and how they feel (subjective knowledge) may be more salient factors to consider with regard to satisfaction than measures related to what individuals ...


Editorial, Volume 7, Issue 2, Kristy L. Archuleta Dec 2016

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 ...


Money And Emerging Adults: A Glimpse Into The Lives Of College Couples’ Financial Management Practices, Jennifer K. Rea, Virginia S. Zuiker, Tai J. Mendenhall Dec 2016

Money And Emerging Adults: A Glimpse Into The Lives Of College Couples’ Financial Management Practices, Jennifer K. Rea, Virginia S. Zuiker, Tai J. Mendenhall

Journal of Financial Therapy

Being in a romantic relationship is a transition that many college students enter while earning a college degree. Twenty-four students between the ages of 19 to 29 years old who self-identified as being in a committed relationship participated in this study. They completed an online survey that included both quantitative and qualitative (open-ended) questions pertaining to money management practices. Key findings suggest that participants believe in communicating about their individual and combined finances so as to prevent or solve financial challenges. They also discussed the importance of having similar perspectives about financial values within their relationship. Financial therapists, counselors, and ...


Practitioner Profile: An Interview With Beth Crittenden, Martie Gillen Dec 2016

Practitioner Profile: An Interview With Beth Crittenden, Martie Gillen

Journal of Financial Therapy

Beth Crittenden offers financial wellness coaching to people who want growth both professionally and personally. Beth has been working with finances as a focus since 2009, after training in somatic psychology, healthy communication in relationship, and mindful meditation practices and theory.


Researcher Profile: An Interview With Sarah Asebedo, Ph.D., Martie Gillen Dec 2016

Researcher Profile: An Interview With Sarah Asebedo, Ph.D., Martie Gillen

Journal of Financial Therapy

Sarah Asebedo, Ph.D., CFP®, is an Assistant Professor of Personal Financial Planning with Texas Tech University. With extensive financial planning practitioner experience, her goal is to connect research and financial planning practice with a focus on the relationship between psychological attributes, financial conflicts, and financial behavior. Her work has been published in the Journal of Financial Planning, Journal of Financial Therapy, Journal of Financial Counseling and Planning, and Financial Planning Review. Asebedo currently serves as President-Elect for the Financial Therapy Association. She earned her Ph.D. in Personal Financial Planning from Kansas State University.