Do you need a money management coach? Sure, we could all use a little help with our finances, but is a financial coach really necessary?
Learning to better manage your finances is a super important life skill. If you find yourself showcasing one or more of the warning signs below, you could especially benefit from working with a money coach.
Warning Signs You Need a Money Management Coach
1. You avoid looking at your bank statement or bills.
Do you leave your bills on the counter for weeks before opening? Does the thought of looking at your bank statement make you break into a cold sweat?
Avoidance is one of the most common coping mechanisms for financial anxiety. If you don’t look at it, it’s almost like the problem isn’t there. But the longer you avoid, the worse the problem gets.
A money management coach can help you get over the fear of looking at your finances and take control back.
2. You struggle to pay the rent or mortgage.
A living expense is a basic necessity that should be at the top of your priority list. If you are struggling to make this payment, you may need a money management coach to help you look at other areas of your life that you can cut down on spending.
3. You have a solid income but no savings.
If you spend as soon as you make money, you may need a money management coach. A savings account can—no pun intended—be a life saver. What if your car breaks down? House catches fire? What if you lose your job? You need a savings account as a net to catch you and help you get back on your feet.
4. You are an emotional spender.
“Treat yourself,” right?! Well, while occasional emotional spending is not the worst thing, it becomes a problem when you overspend, which can easily lead to debt.
A personal financial wellness coach can help you to find the line between treating yourself and overspending.
5. You feel shame or guilt about your finances.
If you feel shame or guilt when thinking about your finances, please know that you are not alone. Many people share this common problem. It is so easy to think that your self-worth is equal to your finances. Many people think they are not even worthy of financial independence, but none of that is true!
A money management coach works as a financial therapist to help you dig into the deeper reasons behind why you have those negative feelings and teach you how to let go of them.
Money Management Coach in San Francisco Bay Area
My name is Coreen, and I am the founder and owner of Coremoney Coaching. I work as a money management coach in the San Francisco Bay Area, California to help empower women like you to take back control of their finances. Not located in California? I work all over the country as an over-the-phone financial wellness coach, so no worries there. Contact Coremoney Coaching today to learn how to manage your money and invest in your future.