What to Expect with Financial Coaching with MaxCash
What MaxCash can offer you are the tools to help get your finances under control, as well as recommend qualified companies that can offer you financial coaching.
What Connecting with a Financial Coach Will Look Like
After a financial coach has been recommended, there are a few things they may want to do. Financial coaches will first need to get to know you better, so they can know what your exact financial situation is to offer the best possible help.
Your financial coach may want to consider creating a budget that fits within your financial means. You could also be asked to think about expenses that have been stretching or breaking your budget—like holiday gifts, anniversary gifts, or vacations.
During a typical session, a coach may work with you to perform several tasks. These tasks may include:
- Creating realistic financial goals
- Finding tools and resources to reach your goal
- Mapping out a financial plan to get all of this done
Things You May Have to Do Before Your First Coaching Session
Before you arrive to your first financial coaching session, you will be asked to provide some information about yourself and your finances ahead of time. Your financial coach will email you several forms to fill out that will cover two topics. One form will ask about your current budget. The budget will be a list of everything you spent in the last month. You will have to show what you spent on housing or rent, what your utilities cost, and how much debt you owe, as well as any other budgetary finances you may have.
The other form will be a general overview of your finances. This financial overview will provide your coach with information about how much you earn, how much debt you owe, and any questions or concerns you might have before you meet.
A coach’s job is to help in any way they can. Financial coaches have worked with all kinds of financial situations, so be accurate when filling out these forms. A coach can’t help you if they don’t know the whole story.
What You Should Get Out of Having a Financial Coach
By the time you get out of your first coaching session, a successful client should have the basics on how to start fixing their financial situation. Your coach will provide you with several tasks to follow as soon as you leave their office.
These tasks may be creating a plan to eliminate your debt, adjusting your budget, or setting up new financial goals to meet over the next few years. You might also want to look into gaining additional income as well, in order to pay back your debts faster.
Do not to expect one financial coaching session to solve your problems but do expect to be better equipped to solve them yourself. When it comes to financial coaching, a coach can only do so much. They can show you what needs to be fixed and how you should go about fixing debts, but ultimately you must do most of the work.
We at MaxCash wish to help individuals in any way that we can. Though, we don’t lend money directly, we have agents available who will try and match you with the best lender possible.
We also provide informational financial resources on our website for free. Check out our FAQ page for more details.
If you have any questions, do not hesitate to contact us. You can email us at info@MaxCash.com or give us a call at (833)-207-9052.