What Is Financial Coaching?

A financial coach is a trained professional who collaborates with and guides their clients to reach their financial goals. The process is personalized and non-judgmental. Financial coaches provide support, encouragement, accountability, and tools to help people make informed decisions.

A financial coach works to educate their clients on the basics of personal finance and build their financial literacy. They work with people who need help making budgets, paying down debt and creating a livable financial plan.1

Finding a good financial coach can be worth the time and money as it will simplify your money management and get you organized so you can take action. If you have no clue where to start, limited on time, and lack motivation — then working with a financial coach for a period of time is worth it.