Seven Steps to Culturally Responsive Financial Therapy

  • Pamela HaysEmail author
  • Bradley T. Klontz
  • Randy Kemnitz


This chapter examines the importance of culture in the practice of financial therapy. Research regarding culture’s impact on financial planning and financial therapy is explored, and seven steps for providing financial planning services in a multicultural context are described. The seven steps include: (a) know your culture, (b) recognize your privilege, (c) learn about your client’s cultures, (d) demonstrate respect for culturally related strengths, (e) distinguish between internal and external parts of a problem, (f) validate oppressive experiences, and (g) do not challenge core cultural beliefs.


Racial Identity Financial Planning Financial Planner Minority Group Member Minority Member 
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Copyright information

© Springer International Publishing Switzerland 2015

Authors and Affiliations

  1. 1.Nakenu Family CenterKenaiUSA
  2. 2.Family Studies and Human ServicesKansas State UniversityManhattanUSA
  3. 3.Kansas State UniversityManhattanUSA

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