You’ve heard of behavioral therapy, cognitive therapy, physical therapy… but what about financial therapy?
The New York Times profiles the emerging practice in a new report, which describes sensors that are attached to patients’ fingers in order to monitor their body temperature and stress levels as they answer probing questions about their own finances.
Maybe it sounds like overkill. But it’s no secret that money concerns are a major source of discontentment across our culture, and that’s been especially true during the last decade.
For those who are particularly sensitive to monetary angst, therapy might not be a bad idea. Then again, if have room for a financial therapist in your budget, maybe you don’t really need one.
For most people, financial therapy is probably a step beyond what they really need. But there is no question that money is an unhealthy source of stress for the overwhelming majority of Americans.
So what can you do? Financial planning might prove a lot more effective than financial therapy. Simply knowing that you have a reasonable, attainable, and well-established plan in place — one that will allow you to pay your bills and save for old age — can afford incredible peace of mind. And that’s worth everything.
At Kamper Estrada, LLP, we help people of all ages plan for the future, taking the stress out of everything from healthcare to financial planning. Let us do the heavy lifting and ensure that you’re on the right track. Give us a call today.