[Jesenia]

I’m about to have my first meeting with a Budget Coach and I want to make the most out of the session. For those who’ve worked with a Budget Coach or have financial expertise, what questions would you recommend I ask?

I’m especially curious about how to set realistic savings goals, manage debt effectively, and identify areas where I can cut back without feeling restricted.

What are some key things to keep in mind when working with a Budget Coach to ensure long-term success?

[Olga]

Good question. For me, I can give you a list of questions like: How to create a realistic budget and stick to it?

Or how to stop overspending but still buy things that I want?

Or establish a savings strategy that will allow me to be consistent at growing my money without touching it?

But I will say, it all depends on what you want to accomplish in your life and you haven’t been able to do it alone.

What do you want? Make a list and the budget coach will do their thing.

[Melissa]

Will you be an accountability partner? What if I oops, how do I get back on track. How do I set up catagories. Tips on tracking.

For you: be realistic and honest in spending, have all your last 3-4 month bill statements, credit card charges, bank statements.

Don’t make excuses and hide anything. Don’t over or under estimate spending and savings.

Good for you in seeking assistance

[Laura]

I would wonder what tracking system she uses or wants you to use to track spending. I use excel spreadsheet and love that.

But she may want you to even just write it all in a notebook.

I am super curious what you learn from this meeting.

[Henke]

Proud of you to realize and taking steps to get on track!

[Amy]

How and where do you find a budget coach? What do they cost and what do they offer? TIA

[Gum]

I’d write some questions down and take them with you so you don’t forget to ask something.

[Margery]

Review my income and expenses and make actionable suggestions.

[Traci]

Not many. The budget will speak for itself. Have you been tracking all of your spending?

[Andrea]

I would make a list of what you value: your personal values in rank order. For example: more family time, life insurance, investments, retirement fund, education funds for your kids & programs to subsidize tuition (there are SO many scholarships, fellowships, etc.)

home maintenance, emergency fund, travel & leisure, transportation, etc.

When your priorities/goals are clear to you, it is so much easier to reward yourself by saving rather than spending for that immediate gratification that yields nothing.

[Author]

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