Abstract
The Ford Financial Empowerment Model (FFEM) is an integrative approach to financial therapy, blending popular theoretical models used in family therapy with basic financial counseling techniques, helping to support the development of financial success and empowerment. The multistage model in financial therapy specifically integrates two theoretically driven psychotherapy approaches (i.e., cognitive-behavioral and narrative therapies) with financial education and skill development. This chapter will focus on the elements and the implementation of the FFEM, including an overview of cognitive-behavioral and narrative approaches, the stages of FFEM, empowerment and contextual considerations, and relevant financial counseling and education techniques.
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Notes
- 1.
The FFEM was originally published in The Journal of Financial Therapy. What is presented in this chapter is a revision based on further testing and utilization of the model. Namely, the use of experiential therapy has diminished, whereas the focus is more on cognitive-behavioral and narrative therapies. The stages have also been renamed from the original printing, although the principal remains the same.
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Ford, M. (2015). Ford Financial Empowerment Model. In: Klontz, B., Britt, S., Archuleta, K. (eds) Financial Therapy. Springer, Cham. https://doi.org/10.1007/978-3-319-08269-1_11
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DOI: https://doi.org/10.1007/978-3-319-08269-1_11
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