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Understand your relationship with money to improve finances

Reeta Wolfsohn

Reeta Wolfsohn

You cannot improve your financial situation until you understand what kind of relationship you have with money, National Association of Social Workers member Reeta Wolfsohn said in this column for the Experian credit rating agency.

Wolfsohn, CMSW, is founder of the Center for Financial Social Work. The center works to empower people to make wise long-term financial decisions and support professionals who want to use a strength-based, psychosocial approach to improve their clients’ finances.

Wolfsohn said people must come to terms with how they feel about money.Are they hopeless, pessimistic, or indifferent or optimistic or even confident? Once they decide how they feel about money they can list why they feel this way. These reasons can help people decide what part of their finances need attention, Wolfsohn said.

Your relationship with your money is very individual, emotional and personal.  Only you can determine how much time and effort you are willing to devote to it,” she wrote.

Social workers help people overcome life’s challenges. To learn more visit the National Association of Social Workers “Help Starts Here” consumer website.


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