Find a Financial Coach for Couples at the NFEC
The best financial coach for couples helps partners work together toward agreed-upon goals. The National Financial Educators Council has the answer.
Find a Financial Coach for Couples at the NFEC
When partners work together toward accomplishing positive personal finance goals upon which they both agree, they can avoid the potential for money to create tension in the relationship. That’s why the National Financial Educators Council (NFEC) makes cooperation the top priority of each financial coach for couples – helping partners settle upon mutual objectives and embark on the exciting journey of accomplishing goals together.
An NFEC-certified financial counselor is trained carefully to help couples identify their joint objectives and set positive goals together. The coach then offers support, guidance, accountability, and top-grade resources to educate the pair toward strengthening their financial security.
Financial Coach for Couples Works in 3 Stages
There are three stages in the process an NFEC financial coach for couples follows. The first phase involves an in-depth discovery meeting to assess the partners’ present personal finance situation, their lifestyle objectives, and what they’ll need down the road. The coach examines all aspects of the couple’s financial wellness and writes them a specialized personal finance plan. (It’s important to emphasize that we do not offer couples coaching regarding the relationship – we focus solely on the financial dimensions of the partnership.)
At stage 2, the coach will guide and educate the couple. They will meet together according to a predetermined schedule and the coach will provide support and suggest actions toward their goals. The coach has access to high-class financial counseling resources to use at this stage. The partners will be moving toward becoming capable to make informed financial decisions on their own; and the coach will keep accurate records of their progress and update their plans as they advance forward.
In stage 3 – the final step – the coach will transition into an observational role as the couple has built their financial foundation and handled their most pressing issues. In this maintenance phase the coach will hold back, but stay nearby just in case the couple needs a little guidance on a key life choice. This phase is a key piece of financial coaching for low income households as well.
The Best Financial Coach for Couples is a NFEC Financial Coach
At this time, a financial coach for couples is largely unregulated. When you locate a coach through an online search, you may have no recourse to discover that coach’s qualifications. However, the NFEC has an answer to this need: to find a trustworthy financial coach, simply select one who has earned the Certified Personal Financial Wellness Consultant credential.
To receive this designation, coaches have passed rigorous educational requirements and undergone a thorough background check to earn this financial fitness coach certification. A NFEC Financial Coach is required to comply with NFEC standards, which demand that the coach has fiduciary responsibility to clients. The best interests of each couple they coach must take highest priority, and they have met the most stringent guidelines for education, experience, and ethical compliance.
NFEC Financial Coaches are required to handle couples’ emotions and behavioral habits regarding money, and also must stay on top of changes to today’s complex financial landscape. For example, they can alert and inform couples about the hazards of entering into a payday loan. They have demonstrated competencies to help partners work together toward greater financial health.
