What Exactly Is Financial Therapy And Do You Need It?

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Why Use A Financial Therapist?

Real estate agent passing keys to his client

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If you already have a regular therapist and a financial advisor, you might wonder why a financial therapist is necessary. Each of these professionals can only address one-half of financial issues. A financial advisor can give you informed money management advice, but because they do not have a therapeutic background, they cannot address the underlying emotional and psychological causes of poor financial habits. A therapist can help you explore the emotional and psychological reasons of poor money habits, but they cannot provide you with expert advice on making better money decisions.

A financial therapist exists at the intersection of the therapeutic and financial fields. So you can work with one person on two areas of your life. This allows for a more holistic, connected approach to managing emotional and financial health.

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