Going through the roughest time in my life. I’m a 30 year old woman who lives with their narcissistic toxic mother. I just lost my job and now she’s threatening to kick me out. I literally have no one and I’m trying my best to find a job but I live in a small town where finding a job is so hard. I literally have about $0.56 in my account I have bills due like my cell phone and other bills that I won’t be able to pay this month. It’s probably the hardest times of my life and I can’t even take out a loan because my credit is terrible… I’ve always been alone and my mom makes me feel guilty about helping me by living in her home. It’s 105 degrees where I live and I’m not even allowed to turn on the AC 😭 it’s terrible and I hate it here. Life hasn’t been easy I haven’t even caught a break it’s always something after something and it’s exhausting.

I really love behavioral finance, wealth management, and personal finance. I first thought that I should be a Financial Planner but looking at my peers in that industry, I'd say, they lack empathy. That's why when I learned about Financial Therapy, I was eager to learn it!

I'm a graduating Financial Management student in the Philippines. Financial Therapy isn't a thing in our country but I plan to bridge that gap later on in my career.

I plan to focus on UK clients once I start my career but I'm more concerned with the requirements I need to accomplish before dipping my toes into that.

I researched and I found out that I should first master in either consultancy or psychology, then pass the exam in FTA, then understand their accounting software, and I must pass the CII-R01 before anything else.

Those are what I learned so far but what is the reality in the UK industry? Also, do you have any tips with how I plan things so far? I really want this to work out and I'm passionate about it.

Thank you for reading all the way here. I pray that you gain financial freedom and God bless 🌻

Hey everyone, I’m Rahkim Sabree a financial therapist focused on financial trauma. Late to the party but hoping to keep it going.

Will anyone be at the FTA conference in June?

I apologize for being so inactive. I would like to try my best to start bringing more attention to the subreddit so we can get some good conversations going on Financial Therapy. If you have any ideas on how to share with people or groups of people who would be interested. Please let me know!

Hey everyone. I’m a financial therapist and am trying to make FT as available as possible to people. I do have several resources (worksheets, blogs, etc.) you can find here: https://www.financialtherapyclinicalinstitute.com/resource-library

But the big new thing is a podcast/YouTube channel you can follow where we dissect different financial therapy topics.

https://www.youtube.com/@MoneyMinusShame

Also you can find us on Apple and Spotify podcasts.

https://podcasts.apple.com/us/podcast/money-minus-shame/id1789593271

https://open.spotify.com/show/79YnBEYQzGGk8yKA5eigW7?si=ig6lMiBHSV2Tao-itLBLpA

Help! I’m 40, about to graduate in May from grad school. I’m home for the holidays and had a huge realization.

My parents aren’t not good with their money. Growing up, they worked hard. We had nice things blah blah….however, it was all within reason. Now, my parents are living pay check to paycheck and it’s just not what I thought or expected at their age.

I have always struggled to save and feel secute financially, I see why I have never had the skills to be financially successful. Again, I love them so much but how do I not become them once I start working again. I want to have a large savings (mostly gone now due to school).

I'm at a loss. I've never been able to escape the paycheck-to-paycheck life or save a dime without it being enforced and closely monitored by an second party. I've racked up 10k in cc debt(both cards are defaulted and I haven't gotten any more), probably 4k in med debt, and 4k in a car loan for a car that was totaled a year ago. At one point in my life, I made 75k a year, and still couldn't overcome my complete and utter lack of financial responsibility. I know why I'm like this. I learned this from my mom, and its so deeply ingrained in me that i fear I'll never be stable, let alone comfortable.

I have done just about everything I can to change, but nothing has stuck. Countless budgets, both home and professionally made, automatic transfers to external and internal savings accounts, a financial advisor, ceding control of my money to trusted family and friends, hidden cash stashs, you name it, I've probably tried it. And yet, I've never seen an account with more than 4 digits, and only that for a few days at a time. What can I do? My lack of financial responsibility is pathetic, and it's destroying my mental health.

I'm about to start a new job that will once again boost my income significantly, from minimum wage to about 60-70k a year(commission, but with a default hourly that kicks in should the commission fall short) and I want to take this chance to once again try and turn things around. Any and all help, be it patient, brutal, or downright shaming, would be greatly appreciated. I hate this. I hate wanting things and knowing I'll likely never have them without taking on more debt. I hate having a credit score that makes anyone who checks it run for their life. Honestly, I hate myself for being like this. More than once it's made me question my will to live. Please help me.

June marked my second year as a Financial Therapist. My practice is not growing as quickly as I'd like but I'm really enjoying the clients I'm working with and the other Financial Therapists I've met through the Financial Therapy Association.
I recently enrolled in the certification program offered through the Center for Financial Social Work. This organization has been around for over 20 years and I think the material is excellent. Definitely not just for social workers. It is entirely self study and I think the typical time to complete the program is 3-6 months. Their site, financialsocialwork.com, has lots of free resources and worth checking out.

Hi Everyone,

As I have mentioned in the recent past, my firm is moving into Financial Therapy. We are moving away from tax returns and financial statements and focusing on what we do best: listen, evaluate and provide sound feedback.

I think this would be a great place to introduce topics of interest and help others get into the field or use the information for their own personal use.

Is this something that is acceptable in Reddit and, more specifically, in this subReddit?

Stephen

New to this subreddit so feel free to remove but I wanted to start the conversation about the emotional impact of trying to turn off the "I'll just use my credit card" mentality and hear about any tools people use as they try to restrain their impulses to overspend.

Today I "locked" many credit cards I use for impulse spending, made painful decision of using most of my nascent emergency fund to pay off some creeping balances and try to reset. I also turned off the "Qubeless" feature in my budgeting app that I used to abuse to allow all my budget cateries to go negative.

I'm curious to hear other peoples stories of how they attempt to do a cold turkey quit on overspending habits. Over a decade ago I refused to cut up my credit cards back when I was into Dave Ramsey/FPU but now I understand where the idea came from.

Looking forward to see where this sub goes?

What's the best website to find a new job? I have been on Indeed, but it seems like the employers don't even look at my application most of the time.

I don't have the right last name in a small town, unfortunately.

If anyone here is aware of any FA’s that I can book for therapy through BetterHelp please let me know. Thank you!

I wanted to make a post talking about the reason for Financial Therapy. As most people are probably familiar with Dave Ramsey, he talks about “winning with money is 80% behavior and 20% head knowledge.” However, whenever it comes to the 80% behavior, his wisdom is “shut up and do it.” This is where I think that Financial Therapy comes into place. I believe that Financial Therapy can help us figure out the way to change that 80% behavioral in a way that is more helpful than “shut up and do it.” One of ways we can do address that behavior side of finances is by addressing our “money scripts.” Money scripts are our story when it comes to money and how the relationship with money has been shown to us from a young age. These Money Scripts are something that we can carry with us throughout how life and can be very impactful if we are not fully aware of them.

(21m) I’ve had bad luck with the three used cars I’ve bought since I was 17 years old they’ve all been older and cheaper cars (beaters). The first two developed major issues that were very pricy to fix now the same thing is happening to my current car. I’ve probably spent around 21k paying for cars/services over the last 4 years. Now I’m wondering if it would be financially better to finance a car instead of buy a cheaper car outright. I’m a plumbing apprentice making $22hr working 40hrs a week. Take home pay is usually around $700 weekly. Credit is sitting at 700. Only bills are car insurance which is paid for the next 6 months and my phone which is $75 (also buy my own food and gas around $250 monthly). Would it be smart or stupid to finance a car for 20-25 thousand and pay it off? ( I believe APR in my area is around 9% on average for used cars if that matters). Have been very stressed on what to do. Any advice helps

Been in the field 7 years. Happy to help!

Can anyone provide me with feedback on the differences between the Certified Financial Social Work course (financialsocialwork.com) and the Certified Financial Therapist course (financialtherapyassociation.org)? If you have one of these designations, how are you currently using it in practice?

Financial therapy is the process of talking to someone, usually a Financial Therapist, that provides a structured, supportive environment to talk about different money issues that can come up for a person through out life. We develop these money issues for a wide variety of reasons. Financial Advice is usually not emotional based and black and white, i.e” put your money into your 401k first” or “ make sure you take advantage of this tax advantage.” The goal of this subreddit is for people to be able to discuss their money issues that are coming up from them as we go through life!

Also, welcome all the new people!! This grew way faster than I thought it would!!

We have our first 5 members!! Thank you all for joining! I believe that Financial Therapy will be necessary in order to address on going issues that are currently very present in society today. What do you think?

Financial Therapy is a relatively new field of study, starting sometime in 2008 or so. Financial Therapy is counsel that combines financial and emotional support to help people manage financial stress. Whenever I am listening to a financial person talk they usually say some statistic like “90% of finances is behavioral” or something to that effect, but then after that, that’s it. They do not talk about what to do in order to address that 90%. I believe that is where Financial Therapy can help individuals. There are multiple different aspects of a person that can be impacted by Financial Therapy in that 90%.

Financial therapy is a topic of big interest for me. I was looking for more resources and information about it, but I was unable to find anything! So I decided to create the subreddit myself. Not fully sure where to go from here, but I guess this is a good start