Summer 2016 Financial Coaching Newsletter Now Available
New ideas and information on financial coaching from Summer 2016 Financial Coaching Newsletter, Center for Financial Security, University of Madison
New ideas and information on financial coaching from Summer 2016 Financial Coaching Newsletter, Center for Financial Security, University of Madison
This brief by Christi Baker and Collin O’Rourke summarizes findings from a group financial coaching program piloted by the Maryland CASH Campaign in spring 2013. The program was developed as a way to deliver financial coaching services efficiently by building on the success of group-based weight-loss, social work, and other behavior-change programs.
Financial coaching is an emerging complement to financial education and counseling. As defined in this article by J. Michael Collins, Peggy Olive, and Collin O’Rourke, financial coaching is a process whereby participants set goals, commit to taking certain actions by specific dates, and are then held accountable by the coach.