Financial coaching provides access to financial professionals for guidance and counseling to achieve personal financial goals.
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List of the top 20 Financial Coaching in Shortlister as of October 2023, presented in the order they appear in the full Vendor Listing tab.
Financial coaching is a service that provides individuals with access to financial professionals who can offer guidance and counseling to help them achieve their personal financial goals. Whether it's improving money management skills, creating a budget, or saving for the future, financial coaching provides support and education to help people achieve financial success. Financial coaching is becoming more important due to the widespread financial illiteracy in the United States. A recent survey by Standard & Poor's found that only 57% of American adults have basic financial knowledge.
A financial coach is a professional who helps clients with the basics of money management. They work with people who may have a problematic relationship with money or face obstacles preventing them from managing their finances well. Financial coaches educate their clients on the fundamentals of personal finance, create a financial plan based on their goals, and empower them to develop healthy money habits that will last.
A financial coaching program is a comprehensive service that helps individuals improve their financial wellness. The program goes beyond static financial education and delivers personalized content with targeted insight and accountability to drive behavioral change. Employees may require support and guidance to adopt positive financial behaviors. By assisting in areas such as debt reduction, credit building, and budget counseling, companies can help their employees achieve their financial goals.
Financial stress can significantly impact employee well-being, workplace productivity, and, inevitably - a company's bottom line. In fact, a recent John Hancock Financial Stress Survey found that financially stressed employees cost their employers an average of $2,000 per employee. Offering financial coaching in the workplace can alleviate this stress and provide employees with the support they need to improve their financial health. By investing in financial wellness coaching, organizations can improve productivity, increase employee satisfaction, and reduce turnover. Financial coaching helps employees become financially confident and position organizations for success.