PSYCHOLOGY OF MONEY

Physician's Money Digest, July31 2003, Volume 10, Issue 14

If your income never seems to behigh enough and your expensesalways seem to be too high; if you'reconstantly getting into and out ofdebt; if you and your spouse fightabout money a lot; or if you never getto a point where you think you haveenough money, you may want to talkto a new breed of financial counselor—one that looks at your psychologicalattitudes about finances.Counselors often team up with traditionalfinancial planners in caseswhere a client can benefit frominsights into how the client's perspectiveon money affects the overallfinancial picture. Typical cases involvespenders married to savers, or familymembers who encourage a spouse ortheir children to overspend while hesitatingto spend money on themselves.