Webinar 2019-314

Webinar 2019-314 How CFT Can Aid in Mental Health Practice

Originally Recorded: March 1, 2019 

How CFT Can Aid in Mental Health Practice 3.1.19 from Financial Therapy Association on Vimeo.

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Webinar Description:

How CFT Can Aid in Mental Health Practice

Three board members from the Financial Therapy Association’s Board of Directors will present a webinar on why and how mental health professionals can integrate financial therapy into their practice. Financial Therapy is an approach informed by both therapeutic and financial competencies that allows clients to not only reach their financial goals but to attend and overcome the emotional, psychological, behavioral and relational hurdles that are often intertwined. The webinar will focus on how research supports the presupposition that there are both interior and exterior sides to one’s relationship with money and both are important to address. The interior of money being the psychological, emotional, and cognitive side of money with the exterior behaviors around money. In addition, we will differentiate Financial Therapy from other similar disciplines (e.g., behavioral economics, life planning, financial psychology) to provide a rationale for why mental health professionals should consider attending the Financial Therapy Association Conference. In addition, one presenter, Edward Coambs will provide tangible examples of how he has integrated financial therapy into his financial planning practice. 

1) Understand the intersection between psychological, relational, and financial health.
2) Differentiate Financial Therapy from other similar disciplines (e.g., behavioral economics, life planning, financial psychology).
3) Provide fmental health professionals tangible examples of how to integrate financial therapy into their current practice.
4) Describe the benefits of attending the Financial Therapy Conference that is co-locating with NAPFA.
5) Describe the new Certified Financial Therapist-I™ (CFT-I™) designation.

The information presented is anecdotal, based on the presenter’s experience in working with a large community creative entrepreneurs, many of whom loathe the tax process. It will conclude with resources Financial Therapists may share with clients to help them embrace tax season (and prepare for the next one). 


Presenters: Megan McCoy, Meghaan Lurtz & Ed Coambs

Megan McCoy earned her Master's degree in Marriage and Family Therapy from Drexel University and her Ph.D. in Human Development and Family Science (with an emphasis in Marriage and Family Therapy) from the University of Georgia. She is a licensed marriage and family therapist with extensive experience doing financial therapy in private practice, as well as, alongside financial planners at the Aspire Clinic at UGA. Megan currently integrates financial therapy into her research and teaching efforts within the Financial Therapy Certificate Program and Personal Financial Planning Program at Kansas State University. She has developed her own approach to Financial Therapy, Narrative Financial Therapy, that will be adapted into a computer intervention for financial planners. 

Meghaan Lurtz is currently President of the Financial Therapy Association. She is also a Senior Research Associate at Kitces.com and teaches at the University of Maryland University College in their CFP program. She earned her Bachelor's degree in Philosophy, Psychology, and Spanish and her Ph.D in Personal Financial Planning at Kansas State University.  Her Master's work is in Industrial Organizational Psychology. Meghaan uses Financial Therapy in her research, in her consulting work, and has owned her own financial therapy practice. Her research areas of interest are risk, students in personal financial planning programs, and client decision-making, specifically how it is influenced by psychology and emotion.

Edward Coambs is a Ph.D. student at Kansas State University in the Institute of Personal Financial Planning. Coambs earned his B.A. in Management at University of Houston Clear Lake, M.B.A. concentration Finance at Queens University, M.A. Christian Counseling at Gordon-Conwell Theological Seminary. His research interests include; complex trauma, affect regulation, financial pathology and money disorders, family systems therapy, and the role of spirituality in financial decision making. In addition to being a Ph.D. student Coambs runs Carolinas Couples Counseling a therapy center dedicated to healing and treatment of couples facing the dynamic intersection of marital distress and financial distress.