Frequently Asked Questions

What is a financial coach?

A financial coach is a professional who provides guidance and support to individuals or businesses to help them manage their finance more effectively. Unlike traditional financial advisors who primarily focus on investment strategies, financial coaches typically work on a broader range of financial topics, including budgeting, debt management, saving for goals, retirement planning, and financial behavior modification.

Financial coaches often take a holistic approach to their clients' finances, helping them understand their current financial situation, identify their goals and values, and develop personalized strategies to achieve those goals. They may offer education, accountability, and motivation to help clients make informed financial decision and develop health money habits.

Overall, the role of a financial coach is to empower clients to take control of their finances, overcome financial challenges, and build a solid foundation for long-term financial success.

What are the benefits of using a financial coach?

Using a financial coach can offer several benefits, including:

1. Personalized Guidance: A financial coach provides tailored advice based on your specific financial situation, goals, and challenges. We can help you develop a customized financial plan that aligns with your needs and priorities.

2. Accountability: Having a financial coach provides accountability and motivation to stay on track with your financial goals. Knowing that you have regular check-ins with your coach can help you stay disciplined and focused on making progress.

3. Education and Empowerment: A financial coach can educate you about various financial topics, helping you understand complex concepts and make informed decisions. Empowering you with knowledge and skills, we enable you to take control of your finances confidently.

4. Behavioral Change: Financial coaches not only focus on financial strategies but also address behavioral patterns and attitudes toward money. We help you identify and overcome any self-limiting beliefs or unhealthy financial habits that may be hindering your progress.

5. Financial Goal Achievement: Whether your goals are short-term, like paying off debt, or long-term, like saving for retirement, a financial coach can help you create a roadmap to achieve them. We provide guidance and support every step of the way, helping you stay focused and motivated.

6. Financial Wellness: Working with a financial coach can improve your overall financial well-being. You can enjoy greater peace of mind and satisfaction with your financial life by gaining control over your finances, reducing stress, and building financial resilience.

7. Cost Savings: While there are fees associated with hiring a financial coach, the potential cost savings from improved financial decision-making and avoiding costly mistakes outweigh these expenses in the long run.

Where are you located?

I'm located in the beautiful rolling hills of the Palouse, on the border of Idaho and Washington. While I can meet in person, many of my clients opt for video chatting.

How do I set up a consultation or information session?

Rather than have everyone fill out some generic intake form, I like to get to know my potential clients a little before any "official" sessions start. These sessions are fairly quick (about 30 minutes), so we're not taking up a whole bunch of your time!

I'll ask you a few questions to get to know you and your situation a bit to ensure that I am the right fit to help you. Of course, we'll also take all the time we need for you to also ask questions. From there, if you're also feeling good about working with me, we can schedule the first actual financial coaching session.

You can email me at info@rhfinancialcoaching.com or book a meeting via the book session page.

How long are the sessions?

Most sessions are about an hour long. If our session runs a little long and we both have time in our schedules to continue, no problem!

How often will we meet?

The sessions tend to find their own rhythm based on our schedules and what we're working on, however, the "normal" rhythm when starting is about every two weeks. This stretches out to about once a month as we develop your budget, hone in on goals, and establish good financial habits.

I don't typically offer standing appointments, but we can schedule several sessions in advance to make pre-planning easier for everyone.

Clients who have "graduated" typically meet with me once every 3-6 months.

What do you mean by "graduated"?

My job as a financial coach is to eventually be out of a job. Seriously! I aim to get you to the point where you don't need me.

There is no expectation for when this should happen, everyone reaches this point in their own time.

Graduated clients typically still meet with me every 3-6 months or so to check in, set new goals, and head off any concerns for the future.

Very rarely, about 5% of the time, clients will restart coaching sessions for a short time. This typically happens if there has been a big life event!

How many sessions will I need?

There is no prescriptive number of sessions; everyone graduates on their own time and schedule. Though, on average, my clients have 12-18 meetings with me. Some have more, some have less.

Let's find out together!

What is your cancellation and rescheduling policy?

Coaching sessions may be rescheduled with at least 24 hours' notice. If clients cancel a session with less than 24 hours' notice, the session may be forfeited. We do not charge for rescheduling appointments, as it counters my coaching philosophy.

Cancellation requests must be made via email to contact@rhfinancialcoaching.com.

Do you offer in-person sessions?

Though rare, I love in-person sessions! If you're local, let's find time to visit in person!

What happens if I see you outside of a session?

While we are a smaller community, it doesn't happen very often and I'll wait for you to greet me if we happen to meet outside of our sessions. I won't bring up anything we've talked about or that I'm your financial coach.

If you want to talk shop, let's talk! Or if you want to pretend you don't know me, that's cool too! You are in control of what people know. Confidentiality is something that I take very seriously. Even testimonials are not used for marketing unless explicit consent is given.