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 …

Practitioner Profile Interview: Erika Wasserman, Erika Wasserman

Journal of Financial Therapy

This profile features Erika Wasserman, a financial therapist from Florida.

Researcher Profile Interview: Ashley Lebaron-Black, Ashley Lebaron-Black

Journal of Financial Therapy

This profile features researcher, Dr. Ashley LeBaron-Black, from Brigham Young University.

Editorial Vol. 12 Issue 1, Kristy L. Archuleta, Sarah D. Asebedo

Journal of Financial Therapy

We have exciting news to share with you in the Editorial Vol. 12 Issue 1! First we have an upcoming special issue on Diversity, Inclusion, and Equity that is slated to be published in December 2022. Second, but for the first time in JFT history, we are officially transitioning editors. We are excited for the future of the Journal of Financial Therapy. We hope you enjoy this issue.

Older Adults’ Life Satisfaction: The Roles Of Seeking Financial Advice And Personality Traits, Swarn Chatterjee, Lu Fan

Journal of Financial Therapy

This paper uses 1,237 respondents from the Health and Retirement Study dataset to examine the relationships among personality, financial advice-seeking, and life satisfaction of U.S. older adults. The results indicate that extraversion is negatively associated with seeking professional financial advice, while conscientiousness and openness were associated positively with seeking professional financial advice. Individuals with a neurotic personality trait were positively associated with seeking financial advice from families and friends. Additionally, seeking professional financial advice, and being extraverted and conscientious, were positively associated with life satisfaction among older adults. The implications for financial therapists and counselors include suggestions for implementation of …

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.

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 …

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: Mind Over Money

Journal of Financial Therapy

Mind Over Money: The Psychology of Money and How to Use It Better, by Claudia Hammond, is an engaging synopsis of multiple research studies from research literature around the world centered on the psychology of money.

Practitioner Profile: Lindsay Bryan-Podvin

Journal of Financial Therapy

Lindsay Bryan-Podvin, owner and founder of Mind Money Balance, is a financial therapist who started her career in the field of mental health treatment and advocacy. She specializes in working with heterosexual couples with breadwinning women.

Volume 10, Issue 2 Editorial: Celebrating 10 Years Of The Journal Of Financial Therapy, Kristy L. Archuleta

Journal of Financial Therapy

The Financial Therapy Association (FTA) and Journal of Financial Therapy have much to celebrate over the past decade!

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.

Researcher Profile: Derek Lawson

Journal of Financial Therapy

Derek Lawson, Ph.D., CFP®, is an Assistant Professor of Personal Financial Planning at Kansas State University and a partner and financial planner at Priority Financial Partners, based in Durango, CO. His research is practitioner-focused, allowing him to combine his past and present experience as a financial planner with his research interests

Editorial Vol 9 Issue 2, Kristy L. Archuleta

Journal of Financial Therapy

Editorial Vol 9 Issue 2

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 is the current …

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 inform …

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

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.

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 …

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.

Book Review: The Seven Principles For Making Marriage Work, Neal Van Zutphen

Journal of Financial Therapy

The Seven Principles for Making Marriage Work is a relationship self-help book for individuals who have chosen to be in a relationship and also those who aspire to be in a relationship. This book has proven helpful to those in relationship counseling and coaching professions as well. The book covers why marriages work and why they fail. The seven principles provide the roadmap to ways of being together and methods for resolving conflicts and solving problems, including money.

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 …

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 Jorge Ruiz-Menjivar, Jorge Ruiz-Menjivar

Journal of Financial Therapy

Jorge Ruiz-Menjivar is originally from San Salvador, El Salvador, but has had the privilege to live in several Latin American countries (e.g., Nicaragua, Costa Rica, among others), and to travel through many other regions in the world. He obtained a Bachelor’s degree in Accounting at the University of New Orleans-Louisiana State University. Then, he went on to earn a Master’s degree in Personal and Family Financial Planning at the University of Florida under the supervision of Drs. Michael S. Gutter and Martie Gillen. Recently, Jorge finished his Doctoral degree in Financial Planning, Housing and Consumer Economics from the University of …

Practitioner Profile: An Interview With Syble Solomon, Syble Solomon

Journal of Financial Therapy

Syble Solomon is a speaker on the psychology of money and the founder and president of LifeWise Strategies. She is best known for Money Habitudes® a deck of cards (and now an online version) that makes it easy to talk about money and discover what motivates our financial behaviors. Before becoming interested in why people manage money as they do, she had careers in early childhood special education, gerontology and executive coaching. Seemingly unrelated, they all provided experience training, developing educational material and empowering people at all socio-economic levels to work through challenging times and transitions. An excellent background for …

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: …

Editorial, Volume 7, Issue 1, Kristy L. Archuleta

Journal of Financial Therapy

The Journal of Financial Therapy would not exist without the time and efforts of our excellent reviewers. You may be asking, “what does a reviewer do?” JFT is a unique scholarly publication because papers require the rigor of academic standards, but also must be translatable to non-researchers. It is not uncommon for researchers and practitioners to fail to communicate effectively with one another because the two groups speak what seems like different languages. Therefore, it is the goal of JFT to publish quality scholarly research and to emphasize the practicality of the research.

Book Review: The Little Book Of Behavioral Investing, Nadia Bahadori

Journal of Financial Therapy

The Little Book of Behavioral Investing: How Not to Be Your Own Worst Enemy, written by James Montier provides his readers with 16 chapters of prevalent behavioral challenges and mental mistakes that are commonly experienced by everyday investors.