Family, finance, financial therapy, five step model, genogram


Three interventions that address the emotional components of handling finances are proposed. Drawn from a stepwise model of financial therapy, the three interventions introduced here have the specific aim of incorporating the emotional attributes of traditional financial behaviors and beliefs. First, the Financial Genogram identifies family of origin issues that may affect financial behaviors; second, the Financial Landscape intervention is used when emotional stress occurs in collecting and examining financial documents; and third, the Financial Mirror broadens clients’ perspectives of their financial behaviors. Issues in future research and implementation of the Five Step model are addressed in treating financially distressed clients.

Creative Commons License

Creative Commons Attribution-Noncommercial 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial 4.0 License


Anderson, F., & Barnfield, L. (1974). Art especially for the exceptional. Art Education, 27(4/5), 12-15.

Anderson, J. D. (2005). Financial problems and divorce. Journal of Divorce and Remarriage, 43(1/2), 149-161.

Art Therapy (n.d.). Retrieved from http://www.macalester.edu/academics/psychology/whathap/ubnrp/aesthetics/therapy.html

Ford, M. R., Baptist, J. A., & Archuleta, K. L. (2011). A theoretical approach to financial therapy: The development of the Ford Financial Empowerment Model. Journal of Financial Therapy, 2(2), 20-40.

Frame, M. W. (2000). The spiritual genogram in family therapy. Journal of Marital and Family Therapy, 26(2), 211-216.

Johnson, E., & Sherraden, M. S. (2007). From financial literacy to financial capability among youth. Journal of Sociology and Social Welfare, 34(3), 119-145.

Jorgensen, B. L. (2010). Financial literacy of young adults: The importance of parental socialization. Family Relations, 59(4), 465-478.

Kuehl, B. P. (1995). The solution-oriented genogram: A collaborative approach. Journal of Marital and Family Therapy, 21, 239-250.

Loewenstein, G. (2000). Emotions in economic theory and economic behavior. Preferences, Behavior, and Welfare, 90(2), 426-432.

Magnuson, S., & Shaw, H. E. (2003). Adaptations of the multifaceted genogram in counseling, training, and supervision. The Family Journal: Counseling and Therapy for Couples and Families, 11(1), 45-54.

Marshall, J. (2007). Image as insight: Visual images in practice-based research. Studies in Art Education, 49(1), 23-41.

Milewski-Hertlein, K. A. (2001). The use of a socially constructed genogram in clinical practice. The American Journal of Family Therapy, 29(1), 23-38.

Papp, L. M., Cummings, E. M., & Goeke-Morey, M. C. (2009). For richer, for poorer: Money as a topic of marital conflict in the home. Family Relations, 58, 91-103.

Rubin, J. A. (2001). Approaches to Art Therapy. New York: Taylor & Francis.

Rubin, J. A. (2010). Introduction to art therapy: Sources & resources. New York: Taylor & Francis.

Shapiro, M. (2007). Money: A therapeutic tool for couples therapy. Family Process, 46, 279-291.

Smith, T. E., Nelson, R. J., Richards, K. V., & Shelton, V. M. (2012). Financial therapy: 5 steps to financial freedom. Southeastern Professional Books: Tallahassee.

Taylor, M. P., Jenkins, S. P., & Sacker, A. (2011). Financial capability and psychological health. Journal of Economic Psychology, 32, 710-723.

Thomas, A. J. (1998). Understanding culture and worldview in family systems: Use of the multicultural genogram. The Family Journal: Counseling and Therapy for Couples and Families, 6(1), 24-32.

Ulman, E., & Dachinger, P. (1975). Art therapy: In theory and practice. New York: Schocken Books.

Watts, C., & Shrader, E. (1998). How to do (or not to do)…The genogram: a new research tool to document patterns of decision-making, conflict, and vulnerability within households. Health Policy and Planning, 13(4), 459-464.

Weil, B. E. (2009). Financial infidelity: Seven steps to conquering the #1 relationship wrecker. New York: Penguin Group.

Williams, A. D., & Grisham, J. R. (2012). Impulsivity, emotion regulation, and mindful attentional focus in compulsive buying. Cognitive Therapy and Research, 36, 451-457.