Today, as the focus becomes more and more on core subjects, such as math, science and English, it seems as if life skills are taught less and less in schools. Yet, many teenagers and young adults have access to credit cards and attend college without fully understanding the concept and effects of debt. This innocent lack of knowledge can cause lifelong ramifications and make it difficult for one to obtain financial success.
In 2017, credit card debt reached its highest point ever — surpassing $1 trillion! On top of that staggering statistic, over 44 million Americans collectively hold nearly $1.5 trillion in student debt. With most Americans starting out on their own with significant debt, it is no wonder why many Americans struggle with debt their whole life. At Integrity Debt Solutions Texas, we recognize that there is a huge need for financial coaching to help individuals manage their debt and acquire the knowledge and tools necessary to reach their financial goals. In today’s blog, we will be sharing with you the top three benefits of financial coaching and how we can help you achieve a bright financial future.
Always Have An Expert By Your Side
When it comes to finances, there is so much to know! After all, people go to college to learn about commercial and investment banking, financial planning, and how to manage their money. So, when it comes to managing your finances without this knowledge, it can be intimidating. When hiring a financial coach, however, you will always have a financial expert by your side to give you advice and help you make the best financial decisions. Not only will a financial coach be there to help you reduce any financial mistakes, but they are also there to offer you encouragement and support and keep you accountable for your actions, so you reach your financial goals.
Gain Financial Knowledge & Skills
A financial coach is your personal financial teacher who will work with you to impart the knowledge and skills you need to become your own financial expert. By working one-on-one with a financial coach, you will learn how to identify areas of your finances that can be improved, how to budget effectively, and more information about debt solutions. On top of what you learn through your personal experience with your financial coach, your coach can also share with you helpful tools for you to become financially self-sustainable, so you can make the best financial decisions in the future without a financial coach.
Reach Your Financial Goals
Arguably the best reason to hire a financial coach is that you will reach your financial goals. With a financial expert to help you create a realistic plan, keep you accountable for your actions, and offer support and encouragement along the way, you will conquer your financial goals. Not only will you reach your financial goals short-term, but you will have the knowledge, tools, and ability to set yourself up for lifelong financial success.
No matter your financial situation, Integrity Debt Solutions Texas is here to help guide you in your financial decisions, gain financial knowledge and skills, and ultimately work with you to reach your financial goals. If you would like to learn more about financial coaching or you would like to schedule an appointment, contact us today! We look forward to helping you achieve financial success.