Financial Social Worker Profile – Interview with Constance McConnell, LCSW, Financial Social Worker
BudgetSimple - Easy Budget Software to Manage Your Personal Finances
by Sally
3w ago
In our ongoing series exploring various types of money coaches, we are excited to introduce a financial social worker who combines a strong clinical background with a passion for personal finance. With over a decade of experience in social work, including obtaining a clinical license and certification from the Center for Financial Social Work, our guest has worked in diverse settings such as schools, healthcare, and community mental health. Through guided exercises and cognitive processing methods, they help clients understand their relationship with money, making better financial decisions ..read more
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Common questions to ask yourself before working with a financial coach
BudgetSimple - Easy Budget Software to Manage Your Personal Finances
by Sally
1y ago
Working with a financial coach can be a valuable investment in achieving your financial goals and improving your financial well-being. Before deciding to work with a financial coach, it’s important to consider factors such as cost, financial goals, and the coach’s qualifications and experience. A good financial coach should possess skills such as knowledge of personal finance, communication and coaching skills, empathy and understanding, analytical skills, and professionalism and ethics. The responsibilities of a financial coach include developing a financial plan, providing education and gui ..read more
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How to Expand Your Services and Diversify Your Income as a Financial Coach
BudgetSimple - Easy Budget Software to Manage Your Personal Finances
by Sally
1y ago
TLDR: Offer one-on-one coaching services to clients to help them achieve their financial goals. This can be done in person, over the phone, or via video conference. Develop a range of group coaching options, such as group workshops, webinars, or online courses, to reach more people and expand your audience. Create digital products, such as ebooks, templates, or courses, that clients can purchase and use on their own time. Build a referral program to encourage your current clients to refer new clients to your services. Partner with complementary businesses, such as accountants or mortgage bro ..read more
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What is the best coaching format for personal finance?
BudgetSimple - Easy Budget Software to Manage Your Personal Finances
by Sally
1y ago
As a financial coach, it’s important to choose the right format for your coaching services to ensure that you’re providing the best possible value to your clients. There are several different formats to choose from, each with its own set of benefits and drawbacks. One format for financial coaching is in-person coaching. This format involves meeting with clients in person, typically in a private office or other quiet space. In-person coaching can be great for building personal connections with clients and establishing a strong rapport. It can also be an effective format for clients who prefer ..read more
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Top Financial Coaching Directories For Finding New Clients (Updated 2023)
BudgetSimple - Easy Budget Software to Manage Your Personal Finances
by Sally
1y ago
As a money coach, one of the biggest challenges is finding new clients. While referrals and word-of-mouth are great sources of new business, it’s important to have a presence in online directories that connect you with potential clients. In fact, being listed on financial coaching directories has become a key table-stake for growing a money coaching business in the digital age. To help you navigate the vast world of financial coaching directories, we have compiled a list of the top directories that can help you find new clients. Being listed on these directories can help boost your online pre ..read more
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How to Avoid Falling Back into Debt After You’ve Paid It Off
BudgetSimple - Easy Budget Software to Manage Your Personal Finances
by Sally
1y ago
Paying off debt can be a huge accomplishment that brings a great sense of relief and freedom. However, many people find themselves falling back into debt shortly after they’ve paid it off. This is a frustrating and demoralizing situation that can make it difficult to achieve financial stability. The problem of falling back into debt is all too common, but it’s not inevitable. With the right strategies and mindset, it’s possible to avoid this problem and maintain a debt-free lifestyle. One of the main reasons people fall back into debt is that they don’t make lasting changes to their spending ..read more
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How To Lower Your Debt-to-Income Ratio
BudgetSimple - Easy Budget Software to Manage Your Personal Finances
by Sally
1y ago
TL;DR: Understand your debt-to-income ratio Pay off high-interest debt Increase your income Limit new credit applications Create a budget Consider consolidation or refinancing Be patient Your debt-to-income ratio (DTI) is a measure of how much debt you have compared to your income. Lenders use this ratio to determine your creditworthiness and your ability to repay loans. A high DTI can make it difficult to qualify for loans or credit cards, and can even affect your ability to rent an apartment. Here are some tips on how to lower your DTI: Understand your DTI. Your DTI is calculated by divid ..read more
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10 Quick Tips for Repairing Your Credit
BudgetSimple - Easy Budget Software to Manage Your Personal Finances
by Sally
1y ago
TL;DR: Check your credit report for errors Pay off outstanding debts Keep credit card balances low Don’t close old credit accounts Dispute credit report errors Try to negotiate payment plans Limit new credit applications Keep an eye on your credit score Consider professional credit counseling Be patient Your credit score is a three-digit number that represents your creditworthiness. A good credit score can open doors to better financial opportunities, such as lower interest rates on loans and credit cards. However, if you have poor credit, it can be difficult to qualify for these benefits. T ..read more
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Can You Pay to Remove a Bad Credit Report?
BudgetSimple - Easy Budget Software to Manage Your Personal Finances
by Sally
1y ago
Bad credit can make it difficult to get approved for loans, credit cards, and even rental applications. But what can you do if you have a bad credit report that is hindering your financial opportunities? Can you pay to remove a bad credit report? The short answer is no, you cannot pay to remove a bad credit report. However, there are ways to improve your credit and potentially have negative items removed from your credit report. First, it is important to understand what a credit report is. A credit report is a detailed record of your credit history. It includes information such as your credit ..read more
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How to Remove a Late Payment from Your Credit Reports
BudgetSimple - Easy Budget Software to Manage Your Personal Finances
by Sally
1y ago
TLDR: Late payments on your credit report can have a negative impact on your credit score and make it harder to qualify for loans or credit cards. However, it is possible to remove a late payment from your credit report. Here are some steps to take if you want to remove a late payment from your credit report: Check for errors: Make sure that the late payment on your credit report is accurate and not a mistake. If you find an error, you can dispute it with the credit bureau. Pay off the debt: If the late payment is accurate, the best way to remove it from your credit report is to pay off the de ..read more
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