Personal Financial Coaching, Part I: Basics The Public Needs To Know

Abstract

In the course of our university service to the community in outreach activities, we have gravitated toward providing occasional group sessions in personal financial planning.  On the surface, the content of these financial coaching events may appear elementary to the casual observer.  But to the contrary, we have found that personal financial planning is a sorely needed skill set for many in our region.  Our typical session touches on the basic elements of family budgeting, retirement planning, goal setting and behavior modification.  Those contemplating establishment of a similar program of study may benefit from our field experience.