While financial coaching is becoming more widely implemented, the practice components have not been described in ways that make the field of financial coaching consistent and uniform. To better understand how financial coaching is especially relevant for empowering low-income clients, this brief explains two dimensions that are essential aspects of financial coaching practice: (1) the preparation of the financial coach and (2) and the foundation of behaviour change in the client.
The Professionalizing Field of Financial Counseling and Coaching: A Journal of Essays from Expert Perspectives in the Field