The Future of Financial Planning and Counseling: An Introduction to Financial Therapy



The purpose of this chapter is fourfold. First, the chapter defines what is generally meant when practitioners and researchers talk about financial planning and counseling as a field of study and practice. Second, the process and theoretical underpinnings of financial planning and counseling are discussed. Third, a review of the historical development of marriage and family therapy is presented. Last, a new emerging field of study, namely, financial therapy is introduced. Specifically, financial therapy is defined and reviewed. An overview of the history and theoretical development of financial therapy is also provided. The chapter concludes with a discussion on how assessment of tools and techniques can be useful to practitioners, researchers, clinicians, and educators in the field of financial therapy, and how assessment can help this new discipline find grounding and gain respect among already established fields.


Family Therapy Risk Tolerance Financial Planning Financial Behavior Financial Advice 


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Copyright information

© Springer Science+Business Media, LLC 2011

Authors and Affiliations

  1. 1.School of Family Studies and Human Services, Kansas State UniversityManhattanUSA

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