Authors: Kristy Archuleta, John Grable, & Emily Burr
Solution-focused therapy (SFT) is a clinically proven psychotherapeutic approach that is known to be an effective tool in helping people deal with a variety of issues. SFT is a pragmatic approach based on a theoretical perspective that utilizes helping techniques that focus on client strengths, skills, and attributes rather than past and current problems. This chapter provides an overview of SFT and then presents an adaption of SFT suited specifically for dealing with financial issues: Solution-focused financial therapy (SFFT). Applications for clinical and practitioner settings to help clients reduce financial stress and move towards goal accomplishment are discussed.
Dealing with work and personal finances For informants that actually were employed, the text revealed ongoing struggles with achieving a functional work-situation, combined with a fear of being excluded from workplace groups. Inability to control impulses seemed to be a factor that caused a lot of social problems, both at work and in personal relationships. Failing to pay bills and their household expenses was especially difficult to handle because it had serious financial consequences. When deciding between insurance, phone carriers, and other service providers, informants found it difficult to understand terms, conditions, and prices. This often led to less favorable deals and agreements which in turn led to even worse financial outcomes including higher costs for subscriptions and fees.”