therapy techniques in finance

In finance, therapy techniques—often called behavioral finance strategies—are methods used to help individuals improve their financial decision-making. These techniques identify and address emotional biases, such as fear or greed, that can lead to poor investments. For example, mindfulness may help reduce impulsive decisions, while goal-setting promotes disciplined saving. Cognitive restructuring helps reframe negative thoughts about money, encouraging healthier habits. Essentially, these approaches aim to foster greater awareness of psychological influences on finances to make more rational, balanced choices aligned with long-term goals.