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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

Centre for Teaching and Learning honours excellence and innovation
2015-11-27

 

The 2015 Excellence in Teaching and Learning nominees with CTL management and Dr Lis Lange

Excellence and innovation. These were the qualities celebrated at the recent Excellence in Teaching and Learning Awards. Annually, the University of the Free State (UFS) Centre for Teaching and Learning (CTL) honours lecturers for their outstanding achievements in the classroom. 

During the illustrious event, individual as well as group winners were announced in the category of the Vice Chancellor’s Award, as well as in several categories in the Innovation Awards. The winners of the Excellence in Teaching Awards were:

Vice-Chancellor’s Award

Individual
• Louise van den Berg (Faculty of Health Sciences)

Teaching team
• Salomien Boshoff and Naquita Fernandes (Faculty of Economic and Management Sciences)

Innovation Awards

Engagement and Learning
• Lerato Sekonyela (Faculty of Economic and Management Sciences)
• Rentia Engelbrecht, Jolandi Bezuidenhout, and Jamie-Lee Nortje (Faculty of the Humanities)

Curriculum Design
• Joyce Ras (Faculty of Economic and Management Sciences)
• Adre le Roux and Frans Kruger (Faculty of Education)

Community Engagement
• Martin Oliver (Faculty of Economic and Management Sciences)
• Ielse Seale and Karen Venter (Faculty of Health Sciences)

Assessment Practices
• Joyce Ras (Faculty of Economic and Management Sciences)
• Salomien Boshoff (Faculty of Economic and Management Sciences)

The awards serve to celebrate excellence among the university’s academic staff, while showcasing current best practice, and inspiring innovation among lecturers. 

In aid of this, CTL hosted a showcase following the award ceremony. Academic staff and the broader university community could look over the various entries for new insights and added inspiration. A series of workshops and activities explored themes such as professionalism, and lectureship, as well as various apps that can be used in higher education.

 

 


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