Abstract
Topics covered in this chapter include counseling styles and preferences for the financial counselor and for clients, attributes of effective financial counselors, components of self-awareness, and assessment strategies for self-awareness, family of origin and money scripts, unconscious bias, transference, and countertransference. The chapter serves as an introduction to the concept of self-awareness within the context of financial counseling.
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Money History Questionnaire
Money History Questionnaire
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What are your earliest memories about money? Are these memories generally positive or negative?
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2.
How was money discussed in your family of origin? Only when absolutely necessary? Openly without emotions? Secretly? As power?
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3.
How did you obtain money as a child? What did you do with the money when you got it?
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4.
How was money used in your family system? To control? For being good? Withheld as punishment? To motivate?
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5.
As a child, what was your impression of your family’s wealth or class status? Looking back, how accurate do you think that impression was?
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6.
Who spent most of the money in your family when you were a child?
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7.
Do you recall ever wanting something very much and could/could not get it because there was not enough money? How did you react to this situation?
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8.
What was the family’s attitude toward borrowing money from others in the family?
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Who made decisions about how much money to save? For what was money saved?
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10.
What were some of the fears or anxieties about money in your parents’ or grandparents’ generation?
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11.
What messages about money did each generation pass on to the next generation?
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How would you describe each generation’s philosophy about wealth? What is your philosophy about wealth?
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What were some of the most well-known habits about money in each generation? What are some of your habits when it comes to money?
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14.
If applicable, what was your first job outside of the family? How did the job influence you?
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15.
What are the basic “rules” that you tend to live by when it comes to money? You can list money sayings or money proverbs that capture your beliefs and behaviors about money.
As you look back over what you’ve written, briefly describe any themes or lessons that come through in your responses. Can you see more clearly how you got here or what you may need to do for healthier financial management?
Adapted with permission from questions developed by Glen Jennings, Ed.D. and James Grubman, Ph.D.
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Goetz, J.W., Durband, D.B., Mazzolini, A.K. (2019). The Importance of Self-Awareness for Financial Counselors and Clients. In: Durband, D., Law, R., Mazzolini, A. (eds) Financial Counseling. Springer, Cham. https://doi.org/10.1007/978-3-319-72586-4_5
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