Episode 3: Financial psychology with Dr. Megan McCoy
06/28/20 • 47 min
Financial wellbeing is an important factor that influences our emotional wellness. Financial stress happens to everyone, but there are ways to cope with the anxieties that might arise because of it. Understanding our own views and beliefs around money is the first step toward financial wellbeing.
On this episode, Dr. Megan McCoy joins us to discuss the various psychological views individuals hold about money called money scripts. She shares how our beliefs around money impacts our relationships, how we deal with financial stress, even how we raise our kids, and more!
Dr. McCoy will leave you with a better understanding of financial psychology and equip you with tools to start you on your wellness journey.
Key takeaways
- A little bit about herself and what she does
- What financial therapy is
- Difference between financial stress and financial anxiety
- The different views people have about money
- The four different money perspectives/viewpoints
- How different beliefs about money affects your decision-making
- What financial infidelity is
- How COVID-19 has impacted families and money
- Practical ways to talk about money with your significant other
- Family beliefs around money
- Appropriate age to talk to your kids about money
- How charitable giving can help with long-lasting happiness
- Other ways you can increase happiness through money
- Why it pays to spend purposely
- Ways to combat financial anxiety
- How to separate your identity from your financial psychology
- Resources she recommends
Links
- Dr. Megan McCoy - https://www.hhs.k-state.edu/ahs/people/meganmccoy/
- Dr. Megan McCoy Email - [email protected]
- Financial Therapy Association Website - https://www.financialtherapyassociation.org
- Find a Financial Therapist - https://www.financialtherapyassociation.org/find-a-ft
- Kristy Archuleta - https://www.researchgate.net/profile/Kristy_Archuleta
- Virginia Satir - https://en.wikipedia.org/wiki/Virginia_Satir
- Michelangelo Phenomenon - https://dictionary.apa.org/michelangelo-phenomenon
Books
- Money Script by Brad Klontz, Ted Klontz, and Rick Kahler - https://www.amazon.com/Money-script-Korean-Brad-Klontz/dp/896866420X
- Surviving Debt: Expert Advice for Getting Out of Financial Trouble by National Consumer Law Center - https://www.amazon.com/Surviving-Debt-Getting-Financial-Trouble/dp/1602481768
- Peoplemaking by Virginia Satir - https://www.amazon.com/Peoplemaking-Condor-Books-Virginia-Satir/dp/0285648721
- Facilitating Financial Health: Tools for Financial Planners, Coaches, and Therapists by Brad Klontz, Ted Klontz, and Rick Kahler - https://www.amazon.com/Facilitating-Financial-Health-Planners-Therapists/dp/1941627870
- Mind Over Money: The Psychology of Money and How to Use it Better by Claudia Hammond - https://www.amazon.com/Facilitating-Financial-Health-Planners-Therapists/dp/
Financial wellbeing is an important factor that influences our emotional wellness. Financial stress happens to everyone, but there are ways to cope with the anxieties that might arise because of it. Understanding our own views and beliefs around money is the first step toward financial wellbeing.
On this episode, Dr. Megan McCoy joins us to discuss the various psychological views individuals hold about money called money scripts. She shares how our beliefs around money impacts our relationships, how we deal with financial stress, even how we raise our kids, and more!
Dr. McCoy will leave you with a better understanding of financial psychology and equip you with tools to start you on your wellness journey.
Key takeaways
- A little bit about herself and what she does
- What financial therapy is
- Difference between financial stress and financial anxiety
- The different views people have about money
- The four different money perspectives/viewpoints
- How different beliefs about money affects your decision-making
- What financial infidelity is
- How COVID-19 has impacted families and money
- Practical ways to talk about money with your significant other
- Family beliefs around money
- Appropriate age to talk to your kids about money
- How charitable giving can help with long-lasting happiness
- Other ways you can increase happiness through money
- Why it pays to spend purposely
- Ways to combat financial anxiety
- How to separate your identity from your financial psychology
- Resources she recommends
Links
- Dr. Megan McCoy - https://www.hhs.k-state.edu/ahs/people/meganmccoy/
- Dr. Megan McCoy Email - [email protected]
- Financial Therapy Association Website - https://www.financialtherapyassociation.org
- Find a Financial Therapist - https://www.financialtherapyassociation.org/find-a-ft
- Kristy Archuleta - https://www.researchgate.net/profile/Kristy_Archuleta
- Virginia Satir - https://en.wikipedia.org/wiki/Virginia_Satir
- Michelangelo Phenomenon - https://dictionary.apa.org/michelangelo-phenomenon
Books
- Money Script by Brad Klontz, Ted Klontz, and Rick Kahler - https://www.amazon.com/Money-script-Korean-Brad-Klontz/dp/896866420X
- Surviving Debt: Expert Advice for Getting Out of Financial Trouble by National Consumer Law Center - https://www.amazon.com/Surviving-Debt-Getting-Financial-Trouble/dp/1602481768
- Peoplemaking by Virginia Satir - https://www.amazon.com/Peoplemaking-Condor-Books-Virginia-Satir/dp/0285648721
- Facilitating Financial Health: Tools for Financial Planners, Coaches, and Therapists by Brad Klontz, Ted Klontz, and Rick Kahler - https://www.amazon.com/Facilitating-Financial-Health-Planners-Therapists/dp/1941627870
- Mind Over Money: The Psychology of Money and How to Use it Better by Claudia Hammond - https://www.amazon.com/Facilitating-Financial-Health-Planners-Therapists/dp/
Previous Episode
Episode 1: But Really, How Are You? introduction with CoryAnn Kleinhaus
Welcome to the premier of “But Really, How Are You?” — a podcast focused on emotional wellbeing! We created this podcast to help people (myself included) learn, grow, and gain more knowledge about how to better understand our emotions and their impact on daily life.
In today’s show, I cover what our podcast is all about as well as a few of our other exciting projects that will help in this journey. Our hope is you’d be able to better recognize and understand your emotions with each episode.
We can’t wait to embark on this journey to emotional well-being and personal growth and we’d love it if you’d come along for the ride!
Key Takeaways
- What you can expect each episode
- Some of the topics we’ll cover in the podcast
- The inspiration behind the podcast
- How our business “Green Circle Initiatives” started
- Our company goal
- Our current team
- How our app “As Well” supports emotional wellness
- Our plans for the podcast
Links
- Green Circle Initiatives Website - https://www.greencircleinitiatives.com
- As Well App on Google Play - https://play.google.com/store/apps/details?id=com.greencircleinitiatives.aswell
- As Well App on the Apple Store - https://apps.apple.com/us/app/as-well/id1491996140
Next Episode
Episode 4: Emotional Eating and COVID-19 with Dr. Heather Gallivan
Everywhere in the world, food brings people together. With restaurants closing and limited gatherings, COVID-19 has significantly changed the way that we interact with food and with each other. It has also affected, and maybe exaggerated, how we personally relate to food.
In this episode, we hear from Dr. Heather Gallivan, Clinical Director of the Melrose Center. Dr. Gallivan shares how COVID-19 has impacted our relationship with food. She also provides practical tips for working toward a healthier relationship with food.
This episode isn’t just about COVID; it’s about our relationships with food in general. So take a listen to understand your relationship with food and how it relates to your emotional wellbeing.
Key takeaways
- A little background about her work
- The impact of COVID-19 on people’s eating habits
- Difference between an eating disorder and an unhealthy relationship with food
- How to change your self-talk around food
- What can help change those undesirable habits around food mentally
- Her thoughts on the impact of COVID-19 on people’s ability to gather and celebrate
- What a healthy relationship with food looks like
- First steps you can do to change your relationship with food during this time
- What to do with your emotional attachment to food
- How to know when to seek help
- How different eating disorders develop and how they differ from one another
- How food disparity and food scarcity affects people’s relationship with food
- How to work through food scarcity
- Resources for those who struggle with their relationship with food
Links
- Melrose Center - https://www.healthpartners.com/care/specialty-centers/melrose-center/
- National Eating Disorders Association (NEDA) - https://www.nationaleatingdisorders.org
Dr. Heather Gallivan Bio
Dr. Heather Gallivan is Clinical Director of Melrose Center. For more than a decade she has specialized in helping patients who have weight and eating problems. She is passionate about preventing eating disorders through education. And she says it’s key to inform people about how mass media and social messages affect our attitudes about body image and weight. Before joining Melrose Center, Dr. Gallivan served 5 years in the United States Navy as an active duty psychologist. Outside of work she enjoys spending time with her husband and two children, traveling, cooking and photography.
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