What is financial coaching?

When I was thinking about what direction I wanted to go when it came to my career, I realized that I had a wealth of financial knowledge (good and bad) but no where to share it.

I knew that I didn’t want to go back to a traditional 9-5 with my girls in the picture.  I knew that I enjoyed the flexibility of being home and being able to take my girls where they need to go when they need to be there and I also knew that I still wanted to do something in the financial services industry.

I was listening to Christy Wright a few months ago and she had a guest who talked about financial coaching and how she helps people to get their finances in order. She piqued my interest enough that I found her on social media and reached out to her.  After talking to her on the phone I was more certain that was the path I wanted to take.

But what exactly is financial coaching?  It is very similar to what I was doing during my time in banking but I don’t offer you loan products or bank services.  Instead I walk alongside women as they determine what they want out of their finances, asking them the questions that need to be asked so that they can set up a plan and then giving them accountability as they achieve their financial goals.  There are several approaches I use; it might be setting up monthly budgets, going over their credit reports with them or even just asking the really hard questions they’ve been avoiding and then helping them find the answers through introspection and self-discovery.

It’s been several months since I made the decision to become a financial coach and I’m now in the process of getting my certification to become a life coach as well.  In addition I also host a free Facebook group called Credit Savvy Diva where we discuss various topics from budgeting to goal setting and all the things in between.  Eventually I hope to expand my offerings, but for now I am excited to have this blog as a place to share ideas and information with women who want to learn and be empowered when it comes to their financial futures.