This report reviews financial coaching programs with an emphasis on services for low-income families. It is based on interviews with representatives from more than 60% of the financial coaching programs currently being offered by nonprofit organizations to low-income clients. Overall, financial coaching has strong potential to facilitate asset building among low-income families, although best practices to deliver coaching are still being developed. 

January 1, 2007

In This Report, You’ll Learn

  1. 1

    Reviewing and defining the coaching field generally.

  2. 2

    Evolution and typology of financial coaching.

  3. 3

    Training and certification programs.

  4. 4

    Framework of financial coaching models.

  1. 5

    Critiques of coaching models.

  2. 6

    How to assess the outcomes of coaching.

  3. 7

    Implications for new and existing financial coaching programs.

Key Takeaway

The benefits of financial coaching

A trained financial coach has knowledge of personal finance topics as well as experience in how to support a client to make decisions and change behaviors.

Findings & Stats

Statements & Quotations