Recording: March 6, 2023 at 2 PM Eastern • Live March 24, 2023
A Note from Marguerita Cheng, CFP® Pro — I invite you to tune in for this week’s episode of my podcast and video show, Margaritas with Marguerita, where for 15 minutes each Friday at Happy Hour, we start the weekend off learning from industry experts how to flex our financial muscles.
Meet our guest: Dr. Megan McCoy, Ph.D., LMFT, AFC®, CFT-I™
Today’s Topic: The Top 10 College Planning Mistakes — and how to avoid them!
Rita asks Megan:
- How did you end up with a focus on financial therapy?
- What kind of courses do you teach at KState?
- What articles have you published recently that you are especially proud of?
- Do you have any current projects in the works?
- If you had funding for a dream research project, what would it be?
About Dr. Megan McCoy: Megan is an Assistant Professor at Kansas State University’s personal financial planning program. She teaches courses at the undergraduate, master’s, and doctoral levels focused on financial well-being, financial therapy, and couple dynamics regarding financial therapy. She holds a B.A. in Psychology from The University of North Carolina and an M.A. in Marriage and Family Therapy from Drexel University. Dr. McCoy also attended the University of Georgia, where she earned a Ph.D. in Human Development and Family Science with an emphasis in Marriage and Family Therapy. She is a licensed Marriage and Family Therapist, an Accredited Financial Counselor®, and a Certified Financial Therapist-I™.
During her doctoral program, Megan developed a specialization in financial therapy and client psychology. She had the opportunity to work with clients alongside financial planning students to treat clients’ financial well-being together. Observing and learning from financial planners’ work with clients enabled her to gain more insights into the psychology of financial planning. She volunteers on the Financial Therapy Association’s Board of Directors and is the co-editor of the Financial Planning Review. She was also a guest editor on a special issue on finances for Contemporary Family Therapy.
Megan’s research interests focus on financial therapy, financial well-being, and financial communication, as well as diversity, equity, and inclusion issues. She has published over forty articles in top-tier mental health, family science, financial counseling, and financial planning journals. This year her research has won her research awards through the National Council of Family Relations and Financial Therapy Association. Megan has been awarded grants from the Financial Planning Association, the National Endowment for Financial Education, and FP Canada to continue research in this area. She has been featured as a financial well-being expert on the Today Show, NPR, BBC, the Wall Street Journal, and many other media outlets.