Financial trauma is more common than many realize. Guilt or shame can be misplaced due to trauma and avoidance is a common trauma response — especially when it comes to money.
In this episode of the Money Minus Shame podcast, Host Nate Astle, CFT™, M.S. and Tyrone White Jr., AFC®, CFT™, MSF discuss financial trauma, looking at how common it is and how it affects people’s money habits.
Financial shame is a feeling that can arise from traumatic financial experiences. Trauma can stem from both significant events and smaller, cumulative experiences. Coping strategies like mindfulness can help manage trauma responses and identifying the source of financial trauma is crucial for healing.
Nate and Tyrone explain what makes financial trauma different from feeling ashamed about money, some signs that someone might be experiencing financial trauma, and ways to cope with it. It's important to knowing where our money beliefs come from and how our emotions play a role in our financial health. There's also great benefits in talking to financial therapists and finding community support to help deal with financial trauma effectively.
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Welcome to the Money Minus Shame podcast, powered by the Financial Therapy Clinical Institute. Here, we make money human.
Our greatest hope is to eliminate shame from the financial experience and drive money conversations to be holistic and human first.
To learn more about Money Minus Shame and the Financial Therapy Clinical Institute, visit:
https://www.financialtherapyclinicalinstitute.com
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