FAQ
What is a Financial Coach?
A financial wellness coach helps our clients with the basics of money management. … Our goal is to help our clients develop healthy money habits that will last. We educate our clients on the basics of personal finance and work with them to create a financial plan that reflects their goals.
1.
How can I plan for tomorrow when I live paycheck to paycheck?
Create a budget. Determine what you actually spend each month. Income vs. Expenses which one is winning? If your debt exceeds your income either reduce the debt or increase the income. This Is a great starting place then increase savings.
2.
What should a financial wellness plan include?
A financial plan should include a review of your net worth, goals and objectives, cash flow, investments, retirement planning, tax planning and insurance needs, as well as a plan for implementing your goals.
3.
What if I all this become too overwhelming?
Financial planning is a can be overwhelming in the beginning but we use common- sense approach to managing your finances to reach your life goals. It cannot change your situation overnight; it is a lifelong process. Remember that events beyond your control such as.
4.
After a plan is developed, what’s my next steps?
The best plan is useless unless it is put into action. Your coach will assist you completely in implementing the plan, if and when you desire.
5.
What are the four fundamental steps to securing your financial future?
Its simple as SEP: Saving, Emergency Funds, Insurance end Investments.
6.
Financial Wellness means?
Being in a place where you are spending and saving your money thoughtfufiy, where your behaviors and thinking around your personal finances contribute positively to your short-term and long term goals.
7.
How do we help you become Financially Well?
We combine financial literacy and financial capability training to help you achieve lifelong financial success.
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What is Financial Literacy?
Understanding how money works.
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What is Financial Capability?
Application and understanding how finances work will help change your behavior and attitude around money.
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