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Financial Therapy with Families

Title: Financial Therapy with Families.
Name(s): Smith, Thomas E., author
Richards, Kristin V., author
Panisch, Lisa S., author
Wilson, Thomas, author
Type of Resource: text
Genre: Text
Journal Article
Date Issued: 2017-01
Physical Form: computer
online resource
Extent: 1 online resource
Language(s): English
Abstract/Description: A manualized form of financial therapy for families is proposed to decrease tensions caused by conflict arising on family members’ understanding of money. When used with families, financial therapy goes beyond financial education by addressing individual behaviors and attitudes towards personal finance within the dynamics of a family system. To address a therapist’s lack of formal training in family systems and/or financial therapy, a manualized form of financial therapy is introduced. A case example is presented to illustrate the benefits of this approach. This article demonstrates that therapists can use a manualized format of financial therapy for families to promote positive changes in a family’s dynamics and behaviors in regards to finances.
Identifier: FSU_libsubv1_scholarship_submission_1495028975_be3d4041 (IID), (DOI)
Keywords: Financial therapy, Financial literacy, Financial capability, Personal finance, Families
Publication Note: Reprinted with permission from Families in Society (, published by the Alliance for Strong Families and Communities. doi: 10.1606/1044-3894.2017.98.38.
Persistent Link to This Record:
Owner Institution: FSU
Is Part Of: Families in Society.
Issue: iss. 4, vol. 98

Choose the citation style.
Smith, T. E., Richards, K. V., Panisch, L. S., & Wilson, T. (2017). Financial Therapy with Families. Families In Society. Retrieved from