Apr 3, 2017
We all have a relationship with money, some healthy and some not so healthy. According to Brad Klontz a well-known financial psychologist, “Financial health is having a conscious and purposeful relationship with money that is satisfying and isn’t overly stressful.”
It is that simple but I wonder how many people have mastered that level of wellness. The guest of this show, Dr. Mary Gresham, helps answer that question as she discusses her work as a Financial Psychologist. We discuss the work she does with individuals, couples and families on a variety of financial issues including conflicts over money, poor money habits, anxiety about decision-making and lack of assertiveness in money transactions. We discuss concerns around parenting and the benefits of including children in family financial decisions. Family financial meetings should focus on goals resulting in a spending plan. When children ask to spend money not in the spending plan, it is important to remind them about the family goals and to discuss the consequences of deviating from the plan.
As a clinical psychologist, Dr. Gresham has practical insights which can help women overcome difficulties with money through financial counseling and financial therapy.
About Dr. Mary Gresham
Dr. Mary Gresham is a psychologist who specializes in money issues. She coaches and consults with individuals, couples, and families in her practice. Additionally she consults with and trains financial and legal professionals on client issues related to money.
She is quoted in Money magazine, the WSJ and the New York Times for her expertise in this topic. She has given many presentations to mental health professionals and financial advisors on topics related to the psychology of money. She is a member of FPA, NAPFA, FTA, the Purposeful Planning Institute, APA and GPA and has been active in developing continuing education programs for psychologists.
For more information-
Books Dr. Gresham recommended
Mind Over Money: Overcoming the Money Disorders That Threaten Our Financial Health by Brad Klontz and Ted Klontz