Financial Therapy
Our relationship with money touches all facets of our lives, yet, it is was among the least discussed topics in therapy.
Let’s work on it, together.
*Financial Therapy is offered by Lindsay Nelson, MA LPCC.
Lindsay Nelson is trained in the field of Financial Psychology and Behavioral Finance, and desires to support clients in understanding their beliefs surrounding and relationship with money and how it impacts everything. You may struggle with over-spending, being too frugal, guilt-driven financial behaviors, financial enablement, risk-aversion, gambling, emotional spending, or consuming anxiety surrounding money and having enough of it. You may feel overwhelmed at the thought of retirement. You may earn more money than your friends and feel like an outsider. You may be fighting constantly with your spouse about finances. You may be estranged from your family because of money related conflicts. You may feel unfulfilled in your day to day life, stay up late at night online shopping, only to feel shame and regret when another package is delivered to your home - realizing you turned to shopping again to feel better, but really it just feels worse.
Lindsay believes that our relationship with money is a symptom of our relationship with ourselves and the world we live in, and she hopes to support clients in understanding what is underneath their relationship with finances and align their beliefs and behaviors with their goals and values.
Lindsay Nelson works with people in two different and distinct ways for Financial Therapy.
The first way is most common, and that is a focused Financial Therapy approach. This is typically a shorter duration of working together, with focused work surrounding exploring each person’s money story, personal financial psychology, relational financial psychology, money beliefs, money behaviors, personal values, goals, and how to change beliefs and behaviors to meet the goals that are meaningful for each person. We offer support for both individuals and couples in this way.
The second way that we support people with Financial Therapy is when there is a diagnosable DSM-5 money disorder. This may, and will likely, also include treatment of a co-occurring anxiety disorder, depressive disorder, PTSD, OCD, etc. Together we work on an established treatment plan that outlines specific goals and interventions to treat the disorders.
Money Disorder: problematic financial beliefs and behaviors that can cause significant distress and hinder one's social or occupational well-being. These issues often stem from financial stress or an inability to effectively utilize one's financial resources, leading to clinically significant challenges. Money disorders refer to enduring and often unchanging patterns of self-destructive financial behaviors that lead to considerable stress, anxiety, emotional anguish, and significant disruptions in various areas of a person’s life.
Klontz, Bradley; Britt, Sonya L; Archuleta, Kristy L; Klontz, Ted (2012-01-01). "Disordered Money Behaviors: Development of the Klontz Money Behavior Inventory". Journal of Financial Therapy. 3 (1)