Do you overspend? Undersave? Keep secrets about money from a spouse or family member? Are you anxious about dealing with your finances? If so, you are not alone. Let's face it–just about all of have complicated, if not downright dysfunctional, relationships with money.
As Drs. Brad and Ted Klontz, a father and son team of pioneers in the emerging field of financial psychology explain, our disordered relationships with money aren’t our fault. They don’t stem from a lack of knowledge or a failure of will. Instead, they are a product of subconscious beliefs and thought patterns, rooted in our childhoods, that are so deeply ingrained in us, they shape the way we deal with money our entire adult lives. But we are not powerless. By looking deep into ourselves and our pasts, we can learn to recognize these negative and self-defeating patterns of thinking, and replace them with better, healthier ones.
Drawing on their decades of experience helping patients resolve their troubling issues with money, the Klontzes and describe the twelve most common “money disorders” - like financial infidelity, money avoidance, compulsive shopping, financial enabling, and more — and explain how we can learn to identify them, understand their root causes, and ultimately overcome them.
So whether you want to learn how to make better financial decision, have more open communication with your spouse or kids about the family finances, or simply be better equipped to deal with the challenges of these tough economic times, this book will help you repair your dysfunctional relationship with money and live a healthier financial life.
The father and son Klontz duo (coauthors of Wired for Wealth) combine psychology, self-help, financial know-how and practical advice in this study of how money affects us emotionally and psychologically. The authors start with flashpoints, seminal incidents that build money scripts, the beliefs that shape the way we think about and interact with money as adults. Revealing exercises prompt readers to identify their personal money scripts and patterned behaviors often provoking the discovery of money disorders, and a host of powerful memories and early experiences responsible for extravagance or financial irresponsibility. The process is complex but important; the authors reveal how powerfully emotions and childhood experiences influence our financial health and attitudes toward money. A companion Web site offers a Financial Health Scale, which provides tangible support for readers looking to get on track and begin implementing the book's lessons.