A financial coach normally works one on one with a client so that they can help them develop the fundamentals of managing money and also develop healthy habits of using money that they will be able to use for a long time.
Some of the things they do to help clients manage their finances properly include;
They help them create a budget, they help in creating a financial plan, managing debts, setting aside money in case of an emergency and they also help the client understand the emotional aspects of dealing with money.
Financial coaches don’t need any licensing or certificate but they need to have some financial training before they start training other people.
Financial coaches charge according to the amount of time you are going to work together while others charge based on the percentage of your income.
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