The article: People address money matters in therapy discusses the emerging field of financial therapy.

Financial therapists analyze people’s emotions and behavior through the lens of money. They say once they start asking people about their cash flow, they find it’s connected to absolutely everything in their lives.

“It’s connected to self-esteem. It’s connected to our beliefs about what we are entitled to, about how the world works, about how safe we are, about our value to others,” says B. Dodge Rea, a Nashville, Tenn., psychologist who practices financial therapy. “So when people are widely scared about money, they find themselves scared about all kinds of things.”

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Klontz says given the current economic climate, there are some things people can’t control, such as whether they’ll be laid off or how the stock market performs. Financial therapy, he says, focuses on what people can control – their decisions and attitudes about money.

“Most people say, ‘If I just get the numbers straight, I’ll be all right,’ but that’s only half of it,” Klontz says. “The other half is behavior.”

Perhaps my blog is my financial therapy. Tracking my net worth does give me a great sense of control and a satisfying sense of progress. Not sure I would pay someone to listen to my feelings about money – I have this great audience of readers who listen to me for free :)

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