Coping with Financial Anxiety During COVID-19 with Bradley T. Klontz, PsyD, CFP

Speaking of Psychology

Kim Mills

Health & Fitness, Life Sciences, Science, Mental Health

4.3 • 781 Ratings

🗓️ 8 April 2020

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Are you worried about your financial future in the face of the COVID-19 pandemic? Even before the coronavirus struck, many of us were prone to do unwise things with our money. What, if anything, is the pandemic doing to that very human tendency? How can we work against our worst financial instincts while our lives are so chaotic? Our guest, Dr. Brad Klontz, is a financial psychologist and a certified financial planner. He is also an associate professor of practice in financial psychology and behavioral finance at Creighton University in Omaha, Nebraska. His advice might make you feel a little better in these uncertain times. Join us online August 6-8 for APA 2020 Virtual. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:23.1	That's Shopify.comaek slash special offer.
0:32.1	Unemployment applications have hit previously unimaginable highs.
0:36.6	The stock market is in freefall.
0:38.3	National parks are closing and Broadway is dark.
0:41.3	And that's just in this country.
0:43.3	The coronavirus pandemic is global and it's likely that we are only just beginning to see its economic impacts.
0:49.3	So what can we do to cope?
0:51.3	Are there strategies to help us weather this economic uncertainty?
0:55.8	What should we be doing with our money if we still have any?
0:59.4	Welcome to Speaking of Psychology, the flagship podcast of the American Psychological Association,
1:05.0	that explores how the science of psychology affects everyday life.
1:08.5	I'm your host, Kim Mills.
1:13.9	Even before the coronavirus struck, many of us were prone to do on wise things with our money. What, if anything, will the pandemic do to
1:18.6	that very human tendency? How can we work against our worst financial instincts while our lives
1:24.3	are feeling so chaotic? Our guest today, Dr. Braac Klontz, is, I hope, going to help
1:30.1	us better understand why we do what we do with money and how we can make some better decisions
	...

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