It's a Young Field
Financial coaching is one of the smaller and least studied subsets of the personal coaching field.
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.
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.