Connecting the Dots with Financial Therapy
By Wendy Wright, LMFT, Financial Therapist
I feel so alone when it comes to my finances. The sense of dread that overcomes me before I look at my account balances or credit card statement is crippling. I know my relationship with money needs help, but I don’t know where to begin.
If you’ve experienced one (or all!) of these thoughts, you’re not the only one! The answer to these issues and more lies in financial therapy. Financial therapy helps you connect the dots between knowing what to do with your money and actually doing it. Clients learn to not only recognize and understand their financial challenges and money roadblocks but also to confidently move towards a sustainable solution.
Ready to start right now? Here are two small steps you can take. First, rename one of your bank accounts with a goal you’re hoping to reach. If you have a savings account for an upcoming vacation, call it, “Sunshine and Sand, Here I Come.” Or if you’re working on paying off your student loans, name it “Almost Free.” I believe that, if you have an emotional relationship with your savings, you’re more likely to save. Plus, you’ll have a visual reminder to help you stay on track as you work towards the future.
And second, track your expenses. Don’t just type them into an Excel sheet; instead, write them down by hand. This method helps to really mentally solidify your purchases. Beyond the item and cost, include the emotion behind the purchase as well as how it made you feel. Again, it’s important to establish an emotional connection to your money.
Introducing Financial Therapy Solutions
I have seen my clients’ lives change so dramatically when they approach their money life through the lens of financial therapy. Inspired by the power of this transformation, I am building a team of financial therapists who are trained in my program, The 10 Principles of Financial Therapy©.
Financial Therapy Solutions, LLC is a group practice located in Denver, CO, and helping clients across the U.S. and internationally via telehealth services. We focus on diving into the intersection of money and emotions, guiding clients to reach their goals through an approach of zero judgment and abundant, compassionate curiosity.
I’m thrilled to introduce our newest team members. Khara Croswaite Brindle, LPC is passionate about giving people those “aha moments” that lead to powerful change. She loves to dive in with entrepreneurs to look at both their personal and business money mindsets. Laura Henderson, MA, LPC spent 20 years in education before shifting to the therapy field. She enjoys helping women who are in recovery or who love someone in recovery deepen their own healing journey with financial freedom.
To learn more about financial therapy, listen to my podcast with Sonni Abatta on her show, We Gotta Talk. We discuss how to set an abundance mindset, need-to-know financial advice for freelancers and entrepreneurs, and more.
Book a discovery call with a member of the Financial Therapy Solutions team today!