What is financial coaching?
Financial coaching is detailed, personal and comprehensive service. It will help you develop a plan specific to your financial situation. My coaching offers a hands on approach to setting up a solid financial house. It’s like taking a fitness class versus having a personal trainer. Both work, they just approach things differently
Will I have to share sensitive information with you, such as account numbers or my social security number?
No. We will discuss your current income, any debt you have and your financial goals, but no account numbers or social security numbers will be needed. We will share a budgeting app or software so we can both track how you are doing.
How do I pay for coaching when I am broke?
You should decide if coaching is a necessity to you. If you've tried other options, and they're not working, it's probably a necessity. If you need someone to keep you accountable or to hold your hand through difficult financial task, you need a coach. Additionally, many couples also find that addressing their financial situation reduces the stress on their marriage, which can be priceless.
Will you set up a payment plan for my coaching fee?
No, my fees are low enough that you can afford to pay for our work together.
If my spouse won't come, can I still work with a coach?
Yes. It would be ideal if you would both come but sometimes it is easier to get the other spouse on board if you can win with money. Coaching works better when it is a team effort. If your spouse isn't on board, sit down with him or her and discuss how much you want his or her participation. Financial coaching, can be your birthday, Christmas or anniversary gift this year!
What about singles? Do you only coach couples?
Being a single parent or a single person can be difficult! I would love to help you in whatever financial situation you're going through!
Anthony Murray talks about God and using Biblical principles, but what if I'm not Christian? Will I feel out of place or judged if I use your coaching services?
Coaching with me will be respectful no matter what your beliefs are.
I'm embarrassed by my financial situation. Will I feel judged by you during the coaching?
That is a normal reaction. However, you will not be judged. I will help you learn a different way to handle your money. Plus, your financial situation will be confidential.
Why do you not recommend debt consolidation or bankruptcy?
Both are dangerous. Debt consolidation treats the symptom. You won't pay less by consolidating, and you won't get out of debt faster. Some of the fees for debt consolidation can be high.
Some types of bankruptcy stay on your credit report for 10 years. However, for the rest of your life, some job applications and loan applications will ask if you have ever filed for bankruptcy. Plus bankruptcy is expensive.
Disclaimer: I am not a CPA, CFP or a licensed insurance or investment professional. I am a trained Financial Coach. I am sharing ideas. It is important that you understand and make your own choices. I want to educate and guide you to make sound financial decisions.