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Full-Text Articles in Social Work

2020 Membership Profile Of The Financial Therapy Association, Kristy L. Archuleta, Malika Dhakhwa Oct 2021

2020 Membership Profile Of The Financial Therapy Association, Kristy L. Archuleta, Malika Dhakhwa

Journal of Financial Therapy

The Financial Therapy Association (FTA) periodically releases a report of the state of its membership. This report is from membership data collected in 2020 as a follow-up to the 2011 and 2013 reports. Since the 2013 report, FTA developed a code of ethics and professional certification. The current report highlights differences in membership characteristics and perspectives of financial therapy and the developing field and profession.


Practitioner Profile Interview: Erika Wasserman, Erika Wasserman Jan 2021

Practitioner Profile Interview: Erika Wasserman, Erika Wasserman

Journal of Financial Therapy

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


Book Review: The Healthy Love And Money Way: How The Four Attachment Styles Impact Your Financial Well-Being, Renee L. Earwood, Brandon D. Ratzlaff Jan 2021

Book Review: The Healthy Love And Money Way: How The Four Attachment Styles Impact Your Financial Well-Being, Renee L. Earwood, Brandon D. Ratzlaff

Journal of Financial Therapy

Book Review: The Healthy Love and Money Way: How the Four Attachment Styles Impact Your Financial Well-Being


Book Review: Money Mammoth: Harness The Power Of Financial Psychology To Evolve Your Money Mindset, Avoid Extinction, And Crush Your Financial Goals, Robin Raniero Norris Jan 2021

Book Review: Money Mammoth: Harness The Power Of Financial Psychology To Evolve Your Money Mindset, Avoid Extinction, And Crush Your Financial Goals, Robin Raniero Norris

Journal of Financial Therapy

The book Money Mammoth focuses on one’s beliefs and habits around money. The authors of the book do not provide financial advice, but rather offer more about the general understanding of how you relate to others and the world around you regarding your financial thoughts and behaviors.


Researcher Profile Interview: Ashley Lebaron-Black, Ashley Lebaron-Black Jan 2021

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 2, Sarah D. Asebedo Jan 2021

Editorial Vol. 12 Issue 2, Sarah D. Asebedo

Journal of Financial Therapy

This issue features the award-winning Best Paper from the Financial Therapy Association 2021 Annual Conference amongst other notable papers covering various topics including money and grief, attachment styles, money and sex, money scripts and investment advice, financial biases, and the connection between financial threat and health. Be sure to check out the book review of Silver Spoon Kids: How Successful Parents Raise Responsible Children, and the researcher and practitioner profiles introducing Dr. Derek J. Sensenig and Derek Hagen, respectively. We hope you enjoy this issue!


Investigating Financial Biases That Can Increase Impact On Paying Bills And Saving, Lucy M. Delgadillo Ph.D. Jan 2021

Investigating Financial Biases That Can Increase Impact On Paying Bills And Saving, Lucy M. Delgadillo Ph.D.

Journal of Financial Therapy

This article explores financial biases and their relation to financial management behaviors. Using cognitive, evolutionary psychology, and behavioral finance theories, this study suggests that biases can be intentionally used to our benefit. The study shows statistically significant associations between some biases and financial management practices such as paying bills on time and saving regularly in the surveyed sample. The study provides insights into intentionally using financial biases to increase impact and success by helping individuals commit to the best course of action or choose the least costly financial alternative.


A Review Of "Silver Spoon Kids: How Successful Parents Raise Responsible Children", Marian Betz-Krulac Jan 2021

A Review Of "Silver Spoon Kids: How Successful Parents Raise Responsible Children", Marian Betz-Krulac

Journal of Financial Therapy

Book Review of "Silver Spoon Kids: How Successful Parents Raise Responsible Children"


Researcher Profile: An Interview With Derek J. Sensenig, Derek Sensenig Jan 2021

Researcher Profile: An Interview With Derek J. Sensenig, Derek Sensenig

Journal of Financial Therapy

This profile features researcher, Dr. Derek J. Sensenig, from Encompass Advisory Services, LLC.


Editorial Vol. 12 Issue 1, Kristy L. Archuleta, Sarah D. Asebedo Jan 2021

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 Jan 2021

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 …


Financial Anxiety Among Caregiving Parents Of Adult Children With A Substance Use Disorder, Rachel R. Tambling, Carissa D'Aniello, Beth Russell Jan 2021

Financial Anxiety Among Caregiving Parents Of Adult Children With A Substance Use Disorder, Rachel R. Tambling, Carissa D'Aniello, Beth Russell

Journal of Financial Therapy

Substance use is a growing concern in the United States, with widespread harms, including substantial costs to individuals, families, and societies, poor outcomes for the substance user, and deleterious impacts on the family and community. When a young adult develops a substance use disorder, a parent or other loved one often assumes a caregiving role, and experiences burdens associated with this role including impacts to emotional well-being and financial stability. The present study examined experiences of financial anxiety in a sample (n = 172) of caregivers of adults with a substance use disorder recruited from online and in person …


Perceptions Of A Partner's Spending And Saving Behavior And Financial Satisfaction, John Grable, Michelle Kruger, Jamie Lynn Byram, Eun Jin Kwak Jan 2021

Perceptions Of A Partner's Spending And Saving Behavior And Financial Satisfaction, John Grable, Michelle Kruger, Jamie Lynn Byram, Eun Jin Kwak

Journal of Financial Therapy

The purpose of this study was multifaceted. The first purpose was to test a relatively new scale—the Spender-Saver Perception Scale (Kruger, 2019)—to determine if perceptions of one’s marriage or cohabitation partner’s spending and saving behavior can be used to describe the subjective financial satisfaction of the one making the appraisal. The second purpose was to determine in an exploratory manner whether perceptions of spending and saving differ by the gender of someone in a marital or committed cohabitating relationship. Data for the study were obtained from an online survey of 313 adults. Partner perceptions were evaluated using a scale developed …


When Your Partner Cheats: Financial Infidelity In Committed Couples, Michael D. Mong, Hans Stadthagen, Kenji Noguchi, Michelle Jeanfreau Jan 2021

When Your Partner Cheats: Financial Infidelity In Committed Couples, Michael D. Mong, Hans Stadthagen, Kenji Noguchi, Michelle Jeanfreau

Journal of Financial Therapy

The present study evaluated the affective, behavioral, and cognitive responses of 203 participants who were queried about their romantic partners’ potential financial infidelity as well as their own. Results were analyzed through the lens of the ABC model (affect, behavior, cognition) and indicated that participants would be much more upset and less accepting if their romantic partner: filed for bankruptcy without their partner’s knowledge, gambled away money without telling their partner, lied to cover up a debt, kept a secret account, took out savings without consulting their partner, spent money on pornographic material without telling their partners, hid credit card …


When Money Can’T Be Avoided: Helping Money Avoidant Widows Using The Changes And Grief Model (Fta Best Paper Award), Deb Finnegan Biever, Nipa Patel, Ashley Agnew, Daniel Kopp, Jodi Krausman, Megan A. Mccoy Jan 2021

When Money Can’T Be Avoided: Helping Money Avoidant Widows Using The Changes And Grief Model (Fta Best Paper Award), Deb Finnegan Biever, Nipa Patel, Ashley Agnew, Daniel Kopp, Jodi Krausman, Megan A. Mccoy

Journal of Financial Therapy

Widows represent one of the fastest-growing demographics due to the global COVID-19 pandemic. Many widows also lost their family’s financial manager because more men hold the role of household financial manager. When their spouse dies, the widow can experience unhealthy attitudes towards finances and financial anxiety. The Changes and Grief Model for Financial Guidance pairs financial therapy techniques and inquiry methods, such as The Work of Byron Katie®, with the grief process and the change cycle. Using this model enables financial practitioners, mental health practitioners, and financial therapists to recognize the stage of grief the widow is experiencing and use …


The Budget And The Bedroom: Associations Between Financial Management Behaviors, Perceptions Of Economic Pressure, And Sexual Satisfaction, Matthew T. Saxey, Chelom E. Leavitt, Jeffrey P. Dew, Jeremy B. Yorgason, Erin K. Holmes, Ashley B. Lebaron-Black Jan 2021

The Budget And The Bedroom: Associations Between Financial Management Behaviors, Perceptions Of Economic Pressure, And Sexual Satisfaction, Matthew T. Saxey, Chelom E. Leavitt, Jeffrey P. Dew, Jeremy B. Yorgason, Erin K. Holmes, Ashley B. Lebaron-Black

Journal of Financial Therapy

Although money and sex are both salient to romantic relationships, previous literature has rarely examined the association between the two. In the current study, we evaluate associations between financial management behaviors, perceptions of economic pressure, and sexual satisfaction. We used nationally representative opposite-sex newlywed dyadic data (N = 1,447 couples) and an actor-partner interdependent structural equation model to test these associations. Results indicate that as financial therapists aid opposite-sex newlywed clients in their financial management, they may also be lessening perceptions of economic pressure. For wives, this lessening of perceptions of economic pressure may benefit husbands’ and wives’ sexual satisfaction. …


Financial Capability, Financial Threat, And Health: Implications For Social Work Practice, Sally A. Hageman, Edward Pecukonis Jan 2021

Financial Capability, Financial Threat, And Health: Implications For Social Work Practice, Sally A. Hageman, Edward Pecukonis

Journal of Financial Therapy

Interest in financial capability and financial threat has gained momentum in social work. However, little is known about the relationship between an individual’s financial capability and perception of financial threat with self-reported health scores. This study examines connections between financial capability, financial threat, and self-reported health scores. Primary data was collected via a paper and pencil survey yielding responses from 153 adults ages 18 and older. Respondents primarily came from the east coast of the United States. Results indicate lower Financial Threat Scores (FTS) are significantly correlated with better self-reported health scores. Regression results reveal FTS is a significant predictor …


Practitioner Profile: An Interview With Derek Hagen, Derek Hagen Jan 2021

Practitioner Profile: An Interview With Derek Hagen, Derek Hagen

Journal of Financial Therapy

This profile features Derek Hagen, a practitioner from Minnesota.