Financial Counseling

Are you experiencing money-related stress? Find freedom from the mental anguish and self-destructive behavior related to money.

Explore and evaluate your relationship with money so that you may create a positive relationship with money and improve your financial health.

Contact Patricia for a brief, complimentary telephone conversation at 805-241-6700.

What is Financial Counseling?

Money is a complex tool that is both objective and subjective.  It is emotionally charged and loaded with conscious and unconscious beliefs that not only reflect our financial health but our personal well-being and the quality of our interpersonal relationships.

Financial counseling intervenes in one or more of these areas (cognitive, emotional, behavioral, relational, financial) to make a positive difference in a person’s life. Individuals, couples, families, and corporations seek financial counseling for a number of reasons, including evaluating mood disorders and money scripts.

What are Money Disorders?

Money disorders are the “persistent, predictable, often rigid, patterns of self-destructive financial behaviors that cause significant stress, anxiety, emotional distress, and impairment in major areas of one’s life.

Money Disorders include, but are not limited to:

Compulsive Buying Disorder – Compulsive buying is repetitive and associated with adverse psychological and financial consequences.

Gambling Disorder – Gambling disorder is a “persistent and recurrent problematic gambling behavior leading to clinically significant impairment or distress.

Workaholism – Workaholism is a pattern of overindulgence in work, long work hours, working more than is expected, self-absorption in work, and compulsiveness to work, all which result in problems with relationships and health.

Hoarding Disorder – Hoarding disorder takes a positive behavior like saving to an extreme.

Financial Enabling – Financial enabling is the inability to say no when people continually ask for money.

Financial Dependence – Financial dependence is the reliance on others for nonwork income that creates fear or anxiety of being cutoff, feelings of anger or resentment related to the nonwork income and stifling one’s motivation, passion, and/or drive to succeed.

Financial Enmeshment – Financial enmeshment is when parents use money to manipulate their children to satisfy an adult need.

Financial Infidelity – Financial infidelity is secrecy and dishonesty over money.

What Are Money Scripts:

Money Scripts are the underlying assumptions or beliefs about money that are typically only partially true, are often developed in childhood, and are unconsciously followed throughout adulthood.

Money scripts are often passed down from generation to generation within families and cultures and shape financial behaviors.

Money scripts are derived from financial flashpoints – (an early life event or series of events) associated with money that are so powerful, they leave an imprint that lasts into adulthood.

Money Scripts influence the way people handle money.  By identifying money scripts, an individual, couples, families and corporations become aware of their money scripts so that they may challenge and change those that are having a negative impact on their financial health.

Money Script Descriptions:

Money Avoidance – People with money avoidance scripts systematically avoid dealing with their money while rejecting personal responsibility for their financial health.

Money Worship – Some people buy into the notion that if they had more money they would be happier.

Money Status – People who endorse money status scripts are overly concerned with the notion that their self-worth equals their net worth,

Money Vigilance – The money vigilant tend to be watchful, alert and concerned about their finances.

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Money and Mental Health Facts

Effective Financial Counseling is only a phone call away. (805) 241-6700.

Clients are assisted in identifying and altering problematic money disorders and money scripts.  Money disorders can be assessed and addressed.  Money scripts can be changed.  It certainly does not mean that managing a money disorder or changing a money script is an easy process.  With concentrated therapy and time in personal reflection, clients identify the misconceptions they hold around money and get themselves on a healthier path financially.

Call Patricia today at (805) 241-6700 to begin the process of healing, growth, and transformation. She will provide a brief phone consultation to answer your questions and address your concerns.

Patricia McTague-Loft, Marriage And Family Therapist – Credentials Count!

Patricia’s educational background includes a Master of Science in Counseling Psychology with an emphasis in marital and family therapy from California Lutheran University and a Bachelor of Science in Organizational Leadership from Biola University. In addition to holding memberships in several honor societies and professional organizations, Patricia obtains ongoing psychological training, specializations and certifications.

California Psychotherapeutic Resources, Inc. is a Merchant Debit and Merchant Credit Card Provider.

Fees:

Counseling costs vary accordingly to treatment plan. Please contact (805) 241-6700

California Psychotherapeutic Resources, Inc. for an initial evaluation.

California Psychotherapeutic Resources, Inc. is a Merchant Debit and Merchant Credit Card Provider.

Disclaimer: The content provided on this website is intended for general informational and educational purposes only. It does not constitute legal, financial, or tax advice. We strongly recommend consulting with a qualified professional for advice tailored to your specific circumstances.