Name of the Strategy or Intervention
Relational financial therapy
Synonyms
Financial therapy; Systemic financial therapy
Introduction
Relational financial therapy (RFT) is an approach in the new interdisciplinary field of financial therapy (Kim et al. 2011). RFT integrates financial concepts with systems theory (Gale 2012) and family therapy techniques to address the cognitive, behavioral, emotional, relational, cultural, and socioeconomic issues associated with financial well-being in individuals, couples, and families. Financial stress may be exacerbated due to intrapersonal issues such as individual values, expectations, and generational and culturally learned financial management knowledge and behaviors. Interpersonal financial issues include how family members communicate about money, negotiate different individual cognitive and emotional styles, and address differences in spending and saving behaviors. The goal of relational financial therapy is to help clients understand and...
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References
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Gale, J., Bruce Ross, D. (2019). Relational Financial Therapy. In: Lebow, J.L., Chambers, A.L., Breunlin, D.C. (eds) Encyclopedia of Couple and Family Therapy. Springer, Cham. https://doi.org/10.1007/978-3-319-49425-8_962
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DOI: https://doi.org/10.1007/978-3-319-49425-8_962
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