4 signs it’s time to see a financial therapist

The presence of a healthy mentality around your financial resources is a key to building a long -term wealth, making smart financial decisions, and reaching your financial goals.

But if your relationship with money is disturbed by anxiety, depression, or other negative feelings, it is important to seek help to understand the cause of this and how to overcome it.

This is where a financial processor comes.

Our personal beliefs constitute the way we feel about money and pay the financial decisions we make. These beliefs often stem from our upbringing, culture and living experiences.

The function of the financial therapist is to help you understand how these different beliefs and feelings affect your relationship with money and teach you how to work through the challenges that may limit you or affect the quality of your life.

For example, if your parents have been constantly emphasized on their financial resources and anxiety from saving enough money, you can link money to tension and anxiety. This may make you hesitate to spend money – even when necessary or justified – to avoid these negative feelings.

Your relationship [with money] It is not only related to dollars and cent – it is often consisting of all other senses that lead to stress, anxiety and conflict in families and nights without sleep and disintegration relationships, to name a few, “Erika Vaserman, an approved therapist and money author” does not talk about money. “The terms and concerns concerned – are also important.”

Read more: Behavioral financing 101: 7 ways that your mind can sabotage your money

The financial therapist can help you navigate the mental road barriers that may shorten you. But how do you know if you really need one? It will require some self -thinking.

According to Wasserman, the first question that asks yourself is: Are you confident of your relationship with money? She said the answer is no, it’s time to speak to a financial processor. “Just as if you need to adjust with your relationship, eating or exercising, you will see an expert consultation. The same applies to your relationship with money.”

And if you are still not sure, your body may already know the answer. The experience of nights without sleep, nausea, headache, or changes in your appetite as a result of your financial situation can be a strong indication that the time has come to get some professional assistance.

You may benefit from talking to a financial processor if you are:

If you feel negative about your financial situation, ignorance may feel like bliss. A study conducted by Marketwatch found that 42 % of people avoid looking at their account balance.

Problem: Stay in the dark around your account balances can make unattended financial decisions. In addition, you can withstand unnecessary bank fees, such as late fees and open drawing fees. You are more likely to fraud if you do not monitor your account balances and transactions.

Read more: 7 common banking fraud and how to avoid them

It is easy to feel frustrated by your partner if their financial behaviors are not in line with you, or if there is a financial betrayal within a relationship.

The therapist can help your partner in understanding your financial habits, where it comes, and how to adjust these habits for your relationship and your financial future together.

Read more: How to merge financial affairs with your wife after marriage

Spending money and gambling does not necessarily cry for help on their own, but if you look at the savings of your life, this may indicate a deeper emotional problem.

Many people find comfort or get a height after spending, but this high is often short -lived and can lead to a huge financial cycle, which makes it difficult to save money, pay debts, and build wealth.

Avoid spending money can also be a sign of emotional distress and indicating the need for a financial processor. Feelings of anxiety related to spending can affect the quality of your life – you can avoid the necessary purchases or invest in your future.

Read more: Do you suffer from indisputable money? Here are the signs.

Money management should not be a source of fear or anxiety. But launching these concerns and reducing beliefs requires a lot of lack of learning that may be difficult to do on your own.

The financial therapist can work with you to learn more about your money’s personality and how some beliefs help or hurt the financial well -being.

To find a certified financial processor, you can visit the Financial Treatment Association website to search for a professional in your area and narrow your options according to specialization, location and more.