Latest News Archive

Please select Category, Year, and then Month to display items
Previous Archive
01 November 2023 | Story Valentino Ndaba | Photo SUPPLIED
Dr Prince Sarpong
Dr Prince Sarpong, Senior Lecturer in the School of Financial Planning Law at the University of the Free State.

As we deepen our understanding of the connection between money and psychology, financial therapy has gained popularity as a field of study. During World Mental Health Awareness Month, it was essential to delve into practical guidance for financial therapists, as well as for financial planners and mental health practitioners who are integrating financial therapy into their practice.

Dr Prince Sarpong, Senior Lecturer in the School of Financial Planning Law (SFPL) at the University of the Free State, and Prof Liezel Alsemgeest, Director of the SFPL, recently edited and published a book titled: Perspectives in Financial Therapy. Other academics from the SFPL who contributed to the book include Dr Rika van Zyl (Senior Lecturer) and Henda Kleingeld (Lecturer). 

Perspectives in Financial Therapy 

Published in July 2023, Perspectives in Financial Therapy aims to contribute to the body of knowledge in financial therapy. Both academics and practitioners in the mental health, financial planning, and related fields recognise the increasing prevalence of money-related psychological distress.

According to the editors, the primary target audience for this 14-chapter book includes academics and practitioners in the fields of financial therapy, financial planning, financial counselling, financial coaching, and mental health, as well as undergraduate and graduate students in these fields.

Mental well-being and financial matters

In Chapter One, Dr Sarpong begins by taking a close look at the developing field of financial therapy. He then investigates Models, Resources, and Tools Applied in Financial Therapy in Chapter Four. In this chapter, Dr Sarpong provides discussions on “the identified money scripts and money disorders in financial therapy, and on some of the main models, tools, and resources employed in financial therapy. The models in financial therapy are adapted mainly from the broader field of psychology and financial planning and can be employed by financial planners, financial therapists, and mental health professionals in helping clients to resolve their money-related distresses”.

Understanding generational differences is a crucial part of financial therapy. in Chapter Seven, Prof Alsemgeest touches on how each of the generations develops and distinguishes itself from other generations through shared social and historical life experiences. She added, “The chapter stresses that in the practice of financial therapy, it is important for practitioners to understand how each generation’s attitudes, perceptions, and behaviours around money were shaped, in order to be able to create rapport with a diverse group of clients.”

Comprehensive perspective on financial therapy

The book also delves into various other topics, including the brain and financial decision-making; practical application of neuroeconomics in financial planning; decolonising assessments in financial therapy from an African context; challenges, benefits, and implications for online financial therapy; couples and financial therapy; planning for and surviving divorce; rebuilding a stable emotional and financial foundation after divorce; therapeutic jurisprudence and estate planning; the limitations on freedom of testation, allaying estate planning fears through trusts; as well as a critical appraisal financial therapy.

News Archive

Research development develops young researchers
2008-11-19

 
Researchers who attended the workshop are, from the left, front: Ms Florence Tladi, Department of Psychology, Ms Makoena Moloi, Department of Plant Sciences, Ms Tobeka Mehlomakhulu, Department of Geography, Ms Nomampondomise Molefe, Department of Chemistry, Dr Micheal van Wyk, Department of Curriculum Studies, Prof. Mabokang ‘Monnapula-Mapesela, CHESD; back: Dr Sebolai, Prof. Muriel Meiring, Department of Hematology and Cell Biology, Mr Mathabatha Maleka, Department of Genetics, Mr Coleman, Dr Gregory Alexander, Department of Psychology of Education, Ms Dorine Masiangoako, Department of Chemistry, and Ms Moipone Mokoena, Department of Chemistry.
Dr Olihile Sebolai, Directorate Research Development, recently organised a series of workshops which is aimed at imparting new skills and knowledge to young and emerging academics.

The directorate endeavored to capacitate the new generation of researchers at the university with skills enable them to be established within the competitive mainstream of research. This is in line with the research strategy of the university that seeks to cultivate a strong culture of research.

Amongst others the workshops focused on innovative ways of adding value to student supervision and improving research project management skills. These workshops were facilitated by Dr Pieter du Toit from the University of Pretoria and Mr William Coleman from the Central University of Technology. Follow up sessions are planned for 2009 to assess the impact of these workshops.

We use cookies to make interactions with our websites and services easy and meaningful. To better understand how they are used, read more about the UFS cookie policy. By continuing to use this site you are giving us your consent to do this.

Accept