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In the Balance: Money and Me

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05/01/2019 GMT

Money and Me

BBC World Service - In the Balance, Money and Me

How 'financial therapy' can help unravel our relationship with money

How 'financial therapy' can help unravel our relationship with money.

Ask yourself honestly, how closely have you examined your emotional relationship with money? Or is it all a bit too awkward? Financial psychology - a relatively new discipline borne out of the USA - says we should all be doing exactly that. It joins the dots between psychology and financial planning, via behavioural economics and says it can help people understand their true relationship with money.  Always in debt, but have a good salary? Ever wondered why your wealthy relative is so mean?  Financial psychology might have the answer. Manuela Saragosa unravels some of these riddles with two experts: Brad Klontz, founder of the Financial Psychology Institute and Meghaan Lurtz, incoming president of the Financial Therapy Association.

(Picture: Heads made of dollar bills, Credit: Getty Images)

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