Thursday, November 15th, 2018
Category: Financial Therapy
A Love & Money Curriculum
A love and money curriculum was developed through the lenses of the stress and coping theory (Lazarus & Folkman, 1987) to guide couples through conversations about the role money plays in their relationships. A unique element of this curriculum is the underlying focus on physiological stress. With heightened stress comes more negative communication, which can stand in the way of developing a purposeful long-term financial plan. Facilitators guide couples through conversations about the multiple dimensions of money, core beliefs, emotional, cultural, behavioral practices and how they influence the couple's relationship. This curriculum contains five lessons designed to help couples improve their financial communication. Each lesson contains a teaching, and activities developed to help couples better understand the topic. Couples are then encouraged to practice implication of the material at home between lessons. Couples have reportedly enjoyed completing activities on their own but expressed the benefit of having someone to facilitate conversations they would not have otherwise had.
Questions or Implications for Researchers: Two studies have been conducted to date with six different facilitators to test the reliability of the curriculum in producing positive outcomes for couples. Results indicate that couples experience a reduction in the stress finances put on their relationship and increased happiness with their finances and communication. Stress reduction was sustained three months following the conclusion of the curriculum for the initial couples and results for the second group of couples will be available in September.
*CFP Pre-Approved Session - 1 CEU