What is financial coaching?

Financial coaching is a collaborative process that helps you mend your relationship with and perspective of money in order to reach your financial goals. It is about helping you achieve your money goals by addressing the number side of personal finance (i.e. how much you should save and budgeting), and the behavioral side of money (i.e. overcoming stressful financial decisions and building better habits). Coaching can take place in a variety of formats, including one-on-one sessions, group coaching, workshops, and online courses.

How is a Financial Coach different from a Financial Advisor?

Financial Advisors are more like money managers. They primarily focus on selling you products and tools, and guide you on appropriate investments for your portfolio. They generally take on clients with a certain amount of wealth.

Unlike financial advisors, a financial coach typically won’t make investment recommendations, and we don’t directly handle your money. A financial coach’s primary objective is to help you understand your current financial situation, learn money management skills, develop better habits, create a financial plan, and provide tools and resources to help you achieve your goals. There is no minimum wealth threshold to work with a financial coach.

What type of goals can financial coaching help me achieve?

A financial coach an help with a variety of financial goals including budgeting, debt management, saving, financial literacy, and developing healthy money habits. It all begins with your why.