How money affects your mental health

金钱如何影响你的心理健康

Apple News In Conversation

新闻

2024-04-19

30 分钟
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Guest-hosted by Julia Carpenter: Losing your job. Being evicted. Hearing your parents fight about money. These can all be forms of financial trauma. Megan McCoy, a marriage and family psychologist specializing in financial therapy, explains how these traumas can have a long-standing effect on your relationship with money and how to break the cycle.
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  • This is in conversation from Apple News.

  • I'm Julia Carpenter filling in for Shamita Basu.

  • Today, the hidden costs of financial trauma and ways to cope.

  • When Megan McCoy was in college, she was paying her way through school by working as a waitress.

  • One night she made about $70 in tips and on her bus ride home, she lost it.

  • That stunk.

  • Like it stunk to have to eat ramen or whatever it is.

  • But the amount of self negative talk that I did afterwards,

  • like how incompetent I am, how I always am messing up with money,

  • how I can never keep a dollar in my pocket, those conversations became embedded in how I saw myself.

  • It took 15 years for Megan to recognize the huge effect of that small mistake.

  • Every time someone gave me physical cash,

  • I blew it immediately because the idea of having cash on my body scared me so much

  • that I would end up spending it or putting it somewhere stupid and losing it.

  • And so my behaviors caused a ripple effect that caused more negative behaviors more times

  • as self blame

  • and self destruction.

  • Megan eventually became a marriage and family therapist specializing in financial therapy.

  • She's also an assistant professor at Kansas State University.

  • Financial therapy brings together expertise in money and mental health.