Financial wellness coaches are individuals trained to assist people in managing and improving their financial health by offering advice and support on money-related issues. These professionals may work with individuals or groups to help them make informed financial choices, set, and reach financial objectives, and establish a financially healthy lifestyle.

Financial wellness coaches may have a background in finance, counseling, or a related field and often use a comprehensive, goal-oriented approach to help clients enhance their financial well-being. They can provide advice on various topics, such as budgeting, saving, debt management, and investing.

Financial wellness coaches offer assistance to individuals and families in a variety of ways. Some benefits of their assistance include:

• Providing guidance and support: Providing support and guidance to help clients understand their financial situation and create a plan to improve it

• Setting financial goals: Working with clients to identify and pursue their financial goals, including setting short-term and long-term goals and creating a plan to achieve them.

• Developing a budget: Helping clients create a budget that fits their specific financial circumstances, including identifying areas to cut expenses and ways to increase income, and developing a plan to pay off debts.

• Dealing with debt: Assisting clients in creating a plan to pay off debts, such as credit card debts, student loans, or mortgage debts, and providing guidance on strategies to reduce debt and improve credit scores.

• Building wealth: Helping clients develop strategies for building wealth over the long term, including saving and investing, and providing guidance on selecting financial products like mutual funds or retirement accounts and building a diversified portfolio.

Here are some ways you can find a financial wellness coach:

You can search online for financial wellness coaches in your area. Look for coaches like Andrea Orr who are accredited and have a good reputation. 

Financial coaching involves working with a coach to set and achieve financial goals, create a budget, and develop a long-term financial plan.

If you are looking for financial coaching to help you improve your financial situation and achieve your financial goals, you may want to consider working with a LIT (Licensed Insolvency Trustee) who is professionally trained to provide this type of assistance.

 You can find a licensed insolvency trustee in your area by searching the OSB’s online directory or by visiting www.andreaorr.com. Like most Licensed Insolvency Trustees, Andrea Orr does not charge for consultations.