| This study explores the relationship between counselor financial satisfaction, financial stress, compassion satisfaction, burnout and counselor money practices among counselors in private practice. Participants of this study were professional mental health practitioners in private practice. Survey packets were mailed and volunteers who completed and returned the survey were included in the study. Volunteers were also recruited from attendees of one national and one regional conference. Participants completed the Financial Wellness Survey, the ProQOL, the Money Practices Survey, and a demographic survey. The Money Practices Survey developed for the purpose of this study. Factor analysis was used to validate and define the subscales of the Money Practices Survey and a Cronbach's alpha analysis was performed to test reliability. The analysis suggests that two factors of the Money Practices Survey are a reliable measure of money practices for counselors in private practice. Further analysis suggests that financial satisfaction has an inverse relationship with financial stress, burnout, and money practices/income. Financial stress was found to have a positive relationship with burnout and money practices/fee management. |
