Have you ever worked with a personal trainer? Do you remember what led up to you working with them? You knew something wasn’t working with your health and diet, so you sought assistance from someone who specializes in just that. The same theory applies to a finance coach. Similar to a trainer for your health, a finance coach is a trainer for your finances!

finance coach

Obviously, the signs are different when determining if you need a personal trainer or a finance coach, but there are signs for each. Certain habits, mindsets, and actions that you have with your money may be a key indicator that you need some financial personal training. I’m going to walk you through 7 signs you likely need a finance coach. If any of these signs apply to your current situation, don’t hesitate to get the coaching and training you need.

Benefits of a Finance Coach:

Before we dive into the signs that you need a finance coach, let’s talk about some of the benefits of having a finance coach. Going back to the personal trainer comparison, a finance coach is there to empower you, push you, and hold you accountable to your financial actions.

A finance coach is a guide

A finance coach helps guide you through tough financial decisions or times. If you are feeling lost, stuck, or confused in your finances or with a few financial decisions that are looming, your finance coach can guide you through making the best choices to come out on top. Your finance coach will help you see how your money is being spent and encourage you to make changes where needed.

Having a finance coach also means being trained to manage your money properly, and being held accountable to the work you are supposed to do. Often times people don’t know the right things to do to help their finances, and if they do, they don’t do the work. A finance coach is there to make sure you are doing what you’re supposed to in your finance.

7 Signs You Need a Finance Coach:

Sign #1 you need a finance coach: Everything you’ve tried doesn’t work

If you have tried to create and follow a budget, or tried to pay off debt, or tried to save money but always touch it, and nothing seems to work, it’s a sign you need some outside help. There are plenty of ways to going about budgeting, saving, and paying off debt, and if nothing is working, you haven’t found the strategy that works best for you.

A finance coach can help you create a system that helps you budget, save, and pay off debt over time so you can see the results you’re looking for. Just like any goal, nothing happens overnight. The strategies that a finance coach teaches you will require consistency. However, if you do the work, you will see the results.

Sign #2 you need a finance coach: You can’t control your spending and you know it

There are plenty of women out there who make great money but can’t control their spending. If you are in that boat, then you need some assistance. There’s nothing worse than knowing your spending is out of control but not knowing what to do about it. A finance coach can help in a few ways. The first way is by getting to the root of why you are consistently over spending. The second way is by getting you set up on a plan that helps allocate your income to the right things.

A lack of control with your budget and spending usually means a lack of discipline. You need to be whipped into shape, or at least, your finances do! When you have a plan that shows you all of your responsibilities can be taken care of, and there’s still money left to enjoy yourself, you can breathe a little. You don’t have to be worried about not enjoying your life on a budget.

Sign #3 you need a finance coach: You are in a situation where you feel stuck and don’t know how to move forward

Maybe you’ve sought help with your finances in the past. You read books and blogs. You listened to podcasts and watched YouTube videos. You purchased or downloaded budgeting software. All of that made a difference, but now you’re in a position where you don’t know how to move forward appropriately.

A finance coach can help when you feel stuck and don’t know what move to make next. A finance coach will offer a different perspective to your situation, and guide you through the right steps to get away from that place of feeling stuck. Often times, people feel this particular sign, but suffer in silence. If you feel this way in your finances, then seek help. There is a way out!

Do any of these signs sound like you? Book a free consultation with me now!

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Sign #4 you need a finance coach: You don’t have a plan for debt

Debt is the killer of a person’s net worth. Debt is stressful. Debt can be a heavy weight on your shoulders. While debt is definitely negative, you feel one thousand times lighter when you have a plan for getting rid of your debt. A finance coach can help you come up with that plan. Debt does not have to rule you or your finances.

Sign #5 you need a finance coach: You are not growing your wealth over time

When you have debt, it’s hard to have a positive net worth. Meaning, the balance of your debts is a lot higher than the balance of your assets. Assets include things like property, savings account balances, and investments. If your debt is staying the same month over month, and your assets aren’t growing, you are not building wealth over time.

A finance coach can help you put the proper steps in place to build your net worth, and ultimately, your wealth over time. As we get older, we should all be building our wealth. More and more expenses come up as we grow in our lives and careers, so having a finance coach there to help make sure you are taking the proper steps to build wealth is critical.

Sign #6 you need a finance coach: The thought of budgeting terrifies you

Budgeting is not a scary process. In fact, budgeting is a very enlightening process. Creating and following a budget allows you to manage your money smartly and efficiently. You are able to allocate your income to all of your responsibilities. If it sounds frightening to get started with budgeting, a finance coach can help be your voice of reason.

Sign #7 you need a finance coach: You don’t hold yourself accountable because you don’t know how

One of the most important aspects of money management is being able to sacrifice and be disciplined. A lack of accountability can make it very hard to sacrifice or be disciplined. If you lack the accountability to do what it takes to manage your money, a finance coach can assist. If you can’t hold yourself accountable, find someone who will!

When you have a finance coach, there is now an extra layer of accountability. Someone is holding you to your words and actions. Someone is watching your every move with money. Now, you have to act, or you’re wasting your time and your finance coach’s time. That extra layer of accountability can be a game changer. It can teach you what it takes to be accountable, so you can start holding yourself to the same standards.

What to Look for in a Finance Coach:

If any of the signs above apply to you and your situation, it’s time to seek help in the form of a finance coach! I want to share a few things to look for in a finance coach, so you can make sure you and the finance coach are the right fit:

  • Look for a finance coach who has the same values as you
  • Look for a finance coach who has been through what you’re going through
  • Look for a finance coach who is encouraging and not judgmental
  • Look for a finance coach who has gotten results for women in similar situations as yours
  • Look for a finance coach who can also be a friend

When you find a finance coach with some or all of the attributes above, you can consider yourselves a match made in financial heaven! There are plenty of coaches out there, but you want the one that resonates the best with you.

Make the investment

Once you have found the finance coach for you, be ready to make the investment. Just like you would invest in a personal trainer at the gym, you’ll need to invest in a personal trainer for your finances. Remember, the best investments are the ones that lead to true life changes. Be open to investing in a finance coach, and be even more open to doing the work. Your work will drive the results, and your finance coach will tell you what work you need to do!

Think you’re ready for a finance coach? Book a free consultation with me!

finance coach

I would love to hear if any of the signs above apply to your situation. Have you ever worked with a finance coach? What are your experiences? Leave a comment below to share your thoughts and experiences!

-Raya
The CGS Team

Raya ReavesFounder; Financial Consultant