Frequently Asked Questions [FAQ]
We understand that seeking support and understanding mental health can be overwhelming.
Below, we’ve compiled answers to common questions to provide clarity and guidance. If you have additional inquiries, feel free to reach out to our team.
1
What is financial therapy?
A therapy that addresses both the practical aspects of managing finances and the emotional aspects of money behaviors and attitudes.
2
How is financial therapy different from traditional financial planning or therapy?
While traditional financial planning focuses primarily on financial goals and strategies, and therapy addresses psychological issues, financial therapy integrates both aspects to explore the emotional and behavioral aspects of financial decision-making.
3
What issues can financial therapy help with?
Financial therapy can help individuals and couples with a wide range of money-related issues, including but not limited to budgeting, debt management, communication about finances, financial conflict resolution, compulsive spending, financial trauma, and overcoming financial anxiety or stress.
4
What qualifications and credentials do you possess as a financial therapist?
At Freedom Life Therapy and Wellness, our therapists are master-level psychotherapists with additional certifications in the financial field. Currently, some of our therapists hold certifications in trauma of money, accredited financial counseling, and financial social work.
5
Do you only offer financial therapy, or can I come in for general mental health support too?
You do not have to come in only for financial therapy. While financial stress and money-related challenges are one area we focus on, we also support clients with general mental health concerns. This can include anxiety, stress, burnout, relationship challenges, life transitions, self-esteem, emotional overwhelm, and more.
Many people come to therapy for a mix of concerns, and your sessions do not have to center around money to work with us. Our goal is to support your overall emotional well-being in a way that feels helpful, personalized, and relevant to your life.
6
What’s the difference between therapy and coaching?
Therapy focuses on healing emotional patterns, trauma, and stress around money, while coaching builds structure and strategy for financial growth. Many clients combine both for full transformation.
7
How do I know which service is right for me?
If you’re looking for emotional support or healing, therapy is usually the better fit. Therapy helps you process feelings, understand patterns, and work through experiences that may be affecting your well‑being. If you’re seeking structure, accountability, and clarity around your finances, coaching is a great place to start. Coaching focuses on practical steps, building confidence, and creating a plan you can actually follow.
8
How long does therapy typically last?
The length of therapy varies based on the complexity of the issues, the client’s objectives, and their progress. Short-term interventions may suffice for some clients, while others may need ongoing support over an extended period.
9
Do you accept insurance?
We accept Husky, Aetna, and Anthem insurance for psychotherapy services only. Insurance covers therapy sessions that focus on emotional and mental health concerns (such as anxiety, stress, or trauma related to money).
Coaching-based programs like Money Wise and Financial Clarity are private-pay and not eligible for insurance coverage.
10
Do you offer virtual or in-person sessions?
We provide both virtual sessions through secure video conferencing platforms and in-person sessions, based on the client’s preferences and location.
11
How do I get started?
Schedule your free 15-minute consultation or complete an intake form and our team will help you find the best path forward for your
needs.