What to Expect During a Financial Coaching Session

Do you have questions? What is financial coaching? How can coaching help you?  Maybe you’re nervous about seeking help on your finances? That’s understandable. Please know that seeking help is a sign of strength not weakness. The purpose of this post is to hopefully answer some of your initial questions.

It is important to understand why you ended up in the situation you are in. The success of your finances is related heavily on your behavior and not so much on basic math.  We don’t dwell on the past, we focus on the future. We want to work with you to establish goals and a plan for your finances that will cause you to focus so you can live the life you have always imagined.

Before Your Session
Your financial coach will email you a few simple forms to fill out and submit beforehand.

What are these forms? One is a basic financial overview and the other is a basic budget. The financial overview tells your coach how much you earn, how much debt you owe, and your top concerns or questions for the session. Other forms may be needed but, these are the basics of every coaching session and your coach will walk you through any other forms that are needed. It is not necessary to have bank statements or tax returns for our coaching sessions.

All of our forms have written instructions on how to fill them out. Your coach is also a phone call or email away if you get stuck. The clients who get the most value of their sessions are those who fill out their forms accurately. That means no best guesses. We can only help you if they know exactly what’s coming in and what’s going out. So be honest.

And don’t be shy or feel ashamed or embarrassed. People make mistakes, recognizing that you need assistance is the first step in changing.

During Your Session
Depending on the coaching session you choose you may have already had your initial consultation with your coach to go over your particular situation. When you arrive for your session, your financial coach will have already reviewed your forms that they had you fill out after the consultation. The coaching session will consist of education, direction and written recommendations on how to go about changing your financial life. Since every client has different needs, every coaching session will be different.

The majority of clients also need to focus on creating a realistic budget. Most people’s situations could improve greatly by just simply being aware of your income and outgo. Set some time aside and use the cash flow worksheet your coach provided to you and create your first budget. Budgeting takes time and with practice this process will get much easier as you begin to be able to better assess the upcoming month.

After Your Session
After your session you will walk away with a clear step by step plan that can transform your finances. Notice how we say “can”. The only way our plans are successful is when our clients work hard and become intense and ultra focused on their goals.

There is no magic potion that will automatically fix your financial challenges. It takes hard work, sacrifice and time in order to meet your goals. We will be there for you and support you along your journey. We look forward to speaking with you and providing you education, support and direction so that you may have the opportunity to live the life you have always imagined.