The Psychology of Personal Finances

Course: The Psychology of Personal Finances

Audience: Financial planners, business professionals, financial coaches/counselors/therapists
Method: Online course
Length: 8-week term

Course Description

This course is designed to develop knowledge and skills so financial and business professionals can work effectively with clients. This is an advanced course surveying topics facilitating the integration of financial psychology into financial planning, financial coaching, business and financial therapy. This course provides students with an in-depth exploration of:

  • the psychology of wealth
  • techniques to counteract self-limiting and/or self-defeating financial behaviors
  • change theory and enhancing motivation
  • cognitive-behavioral financial psychology
  • solution-focused financial psychology
  • financial psychology ethics
  • assessment in financial psychology

    This is an online course through Creighton University worth 3 credits. It is one of five courses in the Certificate in Financial Psychology & Behavioral Finance.

    Learning Objectives

    • To provide an environment conducive to the study of financial psychology using written and oral presentations and applied financial psychology theory and techniques
    • To strengthen students’ ability to understand financial psychology and its implications with regard to financial health of clients and clients’ ability to reach their financial goals
    • To apply theory and technique to gain a deeper understanding of the student’s own personal financial psychology
    • Identify psychological factors associated with high income and high net worth
    • Learn techniques to mitigate the negative impact of self-limiting and/or self-defeating financial behaviors
    • Describe a theory of change and techniques to motivate change
    • Demonstrate knowledge of the cognitive model and techniques to help clients change maladaptive beliefs
    • Describe solution-focused techniques to help facilitate financial health
    • Identify areas of potential ethical concerns in financial psychology and strategies to ensure ethical practice
    • Learn about reliability, validity and assessment tools in financial psychology

    Outline and Required Materials


    • Week 1: Working with Affluent Clients
    • Week 2: Financial Psychology Workarounds
    • Week 3: Change Theory & Motivational Interviewing in Financial Psychology
    • Week 4: Cognitive-Behavioral Financial Psychology
    • Week 5: Solution-Focused Financial Therapy
    • Week 6: Ethics in Financial Psychology
    • Week 7: Assessment in Financial Psychology
    • Week 8: Financial Psychology II: Applications

    Required Materials

    Klontz, B., Kahler, R., & Klontz, T. (2016). Facilitating financial health: Tools for financial planners, coaches, & therapists, 2nd edition. Cincinnati, OH: National Underwriter Company.

    Klontz, B.T., Britt, S.L., & Archuleta, K.L. (2015). Financial therapy: Theory, research, and Practice. New York, NY: Springer.

    Articles as assigned.