Financial therapy is a relatively new area of psychology that is designed to treat money disorders. After squandering most of her fortune, Wynonna Judd sought out financial therapy and says of her experience, "If I can do it, anyone can. I’m in absolute financial recovery. I live by cash only, by cash budget. I’ll go into Target with a money envelope." According to the New York Times, money disorders treated in recent years have included the following conditions.
- Underspending (Depression mentality)
- Serial borrowing
- Financial infidelity
- Financial incest (lording money over relatives to control them)
- Financial enabling (for example, throwing large sums at adult children who then are not motivated to support themselves)