Financial Therapy: A Baby, And A Plan

Share:

Listens: 0

Death, Sex & Money

Society & Culture


In Cora and Garrett's final session with financial therapist Amanda Clayman, they talk about soon becoming parents, and their recent experience consulting a financial advisor while navigating Garrett’s gambling addiction—which is still a sensitive subject for him. "I guess I would have preferred that we didn't have to mention it," Garrett says. "But it's kind of like the elephant in the room a little bit with coming up with a system."  And while the financial advisor helped them feel more confident about paying off their debt, Cora and Garrett say they still are having trouble seeing eye to eye about their finances. Garrett says he's found it difficult to be excited about paying off some of their credit cards, while Cora says she wants to celebrate victories as they come. "This is the thing that is different between straight financial advice and financial therapy," Amanda says. "There may need to be a period of digging into the mess, if you will, of what stands between where you are today and where it is that you'd like to go. It's not as simple as, here's the perfect sort of way to organize this. Now, just go do it."  To hear more of Amanda, check out the NPR podcast Life Kit. In their most recent episode, Amanda goes over some helpful principles of financial intimacy for couples—things she thinks about when counseling couples towards healthy financial behaviors, and tips you can use in your own relationship. It’s available wherever you listen, and at npr.org/lifekit.