Money Therapists

What is financial counseling and how does it work?

Have you ever been so down because of your financial problems? How did you deal with such? Have you considered financial counseling to ease finance-related stress?

In one study, it was revealed that financial issues could be the leading cause of stress among Americans, more so in the millennials. Worse, there are countless numbers of people who need financial counseling year on year. Financial counseling has become crucial these days in the financial world.
Financial counseling has proven itself useful in helping people. Through financial counseling, they could help themselves to take control of their finances.

Have you considered counseling to ease money-related stress?
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This leads one to achieve financial stability. In a recent finance study by Money Management International, 86% of employees who receive financial counseling reduced financial stress. In yet another finance study, financial counseling has helped people reduce their financial debt levels, save up finances for their retirement, and secure financial investments.

Below are some counseling tips in the financial field. If you want financial stability, you might as well learn some of these counseling tips on finances.

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  1. Open Up With Your Real Emotions

The starting point for every financial counseling journey as to their finances is for the financial counselor to know and understand the emotions underlying your financial decisions. According to Molly Bowman, MS, LPC, “Therapy is intended to be a place to carefully and safely start to turn toward whatever it is you’ve got.” Financial counseling could take it to the next level by being explicit about your financial counseling priorities.

  1. Get Ready To Change The Way You Handle Money

Counting your financial counseling priorities, the financial counselor could then give insights as to the need and feasibility of your financial counseling goals. This period is when your financial counseling expert could counsel you with the specific steps that could help you become financially stable after financial counseling.

At this point, the most crucial part of financial counseling is your willingness to accept a new perspective. Your financial counseling expert could be very enthusiastic to help you focus on the things that could help and weed out the things that could only make your financial situation worse.

  1. Develop Financial Discipline Through Application

Once you have already been financially coached about the general financial counseling part, it is time for the most critical yet most challenging aspect – the application of financial lessons.

Financial stability and financial success indeed demand fiscal discipline, which can be taught in financial counseling.

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Finance Counseling

  1. Be Humble Enough To Seek  Financial Counseling

Sarah Rumpf, MA, LPCC says “You’re considering financial counseling because something doesn’t feel right. You want relief, healing, or increased insight.”

Counselors are more than willing to walk with you on your way towards financial freedom.

Final Thoughts To Consider If You’re Undecided About A Financial Counselor

The key to the success of every financial counseling journey is the recognition that it is a two-way tango. The beautiful part, though, is that regardless of our current financial situations, stability of finances is within reach, and financial counselors would give their time to help us achieve that if we trust them and ourselves enough.

Author: Marie Miguel

Professional Experience Marie Miguel has been a writing and research expert for nearly a decade; covering a variety of health-related topics. Currently, she is contributing to the expansion and growth of a free online mental health resource with BetterHelp.com/advice. With an interest and dedication to addressing stigmas associated with mental health, she continues to target subjects related to anxiety and depression specifically. As an editor, contributor, and writer for over 100 online publications Marie has covered topics related to depression, anxiety, stress, grief, various phobias, and difficult family circumstances. With regular content published on mental health authorities like TheMighty, Yahoo, GoodMenProject, ADAA, CCPA-ACCP, Silverts, AMHCA, etc... Marie has shown both her passion and dedication to discussing & educating topics related to mental health and wellness. With an understanding that there is never too much information and helpful research about mental health in all of its forms, she continues to look for new and creative ways to both start discussions & engage with others about these important topics. Before becoming an online researcher and writer, she worked as an Administrative Executive with different industries namely telecom, security workforce providers, trading companies, exclusive hotel and concierge services. After ten years of working in different industries, she decided to enter the world of freelancing in able to give more time to her precious daughter. Given this opportunity, it helped her discover and realize that she is both capable and passionate about expressing her opinions in creative and influential ways via writing. Education Marie Miguel is a loyalty awardee of St. Paul College where she spent her primary and secondary education. She holds a degree of Bachelor of Science in Business Administration major in Computer Applications from De La Salle University - College of St. Benilde where she was also on the Dean's List for consecutive semesters during her college years. "My Philosophy on Mental Health & Wellness" It takes passion for being an expert researcher and writer of mental health related topics. Having lived through traumatic experiences in the past, it has become easier to express my opinions and findings I've discovered while researching a variety of situations and subjects. I aim to inspire every person that reads mental health & wellness related articles to provide hope in every struggle; just as my experiences have taught me. Additionally, I strive to contribute to the continual progression of mental health awareness by providing helpful information and significant resources to understand further the importance of keeping a healthy mind and well-being.