What is your relationship like with money? Are you always trying to keep up with the Joneses? Would you and your partner benefit from financial therapy? Don’t judge, because everybody can benefit from therapy.  

In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Ed Coambs, a licensed marriage and family therapist, certified financial planner (CFP), and founder of Charlotte Couples Counseling. Ed shares practical tips to improve your financial behaviors and relationship with money.

Topics Discussed: 

Couples Around Money: Mix of emotion, experiences, and desire to connect    

Why financial therapy? Financial stress due to thoughts, emotions, behaviors 

Pain Points: Spending versus saving is challenging and problematic for couples 

Power Control: What does money mean and represent? What is valued most? 

Equal Partnership? Understand social meaning of professional identity 

Converted Skeptic: Everybody can benefit from therapy with ability to heal

Male Psyche: Character defect or discomfort doesn’t make a narcissist    

Financial Flashpoints: Partner’s experiences and expectations around money

Money Management: Yours, mine, or our money in separate or joint accounts

Money Egg Exercise: Is your relationship with money positive or negative?

Links:

Charlotte Couples Counseling

Healthy Love and Money

Family Money Tree Course 

Ed Coambs on Instagram

Money Egg Exercise

ACES Study 

The Mask You Live In 

Brad Klontz: Financial Flashpoints and Money Scripts 

Dr. Dan Siegel: Neural Integration 

Financial Therapy Association