Get expert advice delivered straight to your inbox.

Skip to Main Content

How to Pay for Financial Coaching

People don’t work with a financial coach because they’re looking for a coffee buddy. They do it because they know money is important and they want to get it right. (Who doesn’t?)

Look, anyone can benefit from a financial coach, whether you need specific guidance on how to create a budget, save for the future, tackle debt—or you just want a professional with the knowledge and expertise to help you reach your goals faster.

Maybe you’re thinking about finding a financial coach, but you’re stuck on the big question, “Is it worth it?” Or the other big question, “Can I afford it?” Well, we can answer both. (Spoiler alert: It’s worth every penny.)

How to Pay for Financial Coaching
How to Pay for Financial Coaching When You’re Broke
Where Can You Cut Costs to Afford a Financial Coach?
Is Financial Coaching Worth the Cost?

How to Pay for Financial Coaching

It’s true, financial coaching isn’t cheap. That’s because you’re paying for the coach’s time, skill and knowledge to help you make progress with your money.

But listen, where there’s a will, there’s a way. Finding extra money to pay for coaching is actually a lot easier than you think (more on that later). But you also don’t have to figure it out on your own—a financial coach can help. In fact, they make it their job to help. Think of it like this: If a coach can instantly find $200 in your budget (by pointing out you can cut back on coffee runs or be more intentional with your money), then is a $150–$200 session worth it? Yes. Yes. It is.

How to Pay for Financial Coaching When You’re Broke

Okay, but what if you’re broke? Stick with us on this one. There is hope, and you can still get help.

If you feel like you’re drowning in your finances, a financial coach is exactly what you need (and totally worth the investment). They’ll guide you through this hard season and get you to where you want to be with your money. By the way, most coaches will do a free consultation to give you a taste of what coaching is like—and help you find the money to pay for future sessions.

A coach starts by showing you how to prioritize spending so you cover your Four Walls first—aka the four things you really need to survive: food, utilities, shelter and transportation. Then they help you budget for everything else so you know where every dollar you earn is going.

But a financial coach doesn’t just help you budget. They give you a personalized, long-term plan for your finances—and the accountability and motivation you need to stick to it. Not only will you be able to afford the things you need, but eventually, you’ll be able to save for your future, be generous to others, and even enjoy some of your money. You’ll end up keeping more of the money you earn, improving your marriage, and lowering your stress. Worth. It.

Where Can You Cut Costs to Afford a Financial Coach?

If you want to come up with easy money to pay for a coach, start with these 22 simple tips that will save you money immediately. (We’re talking super simple.)

Can you sell some stuff? Pick up a part-time job or some freelance work? Find cable alternatives that can save you money or check out how to lower your cell phone bill or reduce your electric bill. If you spend just a little time looking at your options, you’ll probably find the money it takes to get the help you need.

Is Financial Coaching Worth the Cost?

Coaches put the “person” back in personal finance. When you’ve got a financial coach, you’ve got someone in your corner who will focus on you—your strengths, your weaknesses, your priorities. And they’ll work with you to organize your financial life, give you a plan to reach your money goals, and help you develop the habits to achieve them. A coach shows you the way, and as you see more clearly, momentum builds and you can actually make progress with your money.

money icon

Pay off debt fast and save more money with Financial Peace University.

But without a coach or a plan, you’re more likely to keep living paycheck to paycheck, going deeper into debt, and moving further away from your money goals. No, thank you.

Financial coaching gives you the tools and knowledge you need to take control of your money. (So it’s not controlling you!) You’ll learn how to save for emergencies, pay off all your debt for good, and build wealth with Dave Ramsey’s 7 Baby Steps. And guess what? The steps work. Every. Single. Time.

People who want to get their bodies in shape hire a nutritionist or personal trainer. People who want to get their money in shape (aka build the right habits) hire a financial coach.

And hey, once you build healthy money habits, those habits stay with you. And they build on each other. That’s a pretty great return on your investment. In other words, financial coaching is worth the cost.

At the end of the day, taking control of your finances is your choice. Ready to start the journey? You just need to take the first step. Talk to a financial coach today.

Did you find this article helpful? Share it!

Ramsey Solutions

About the author


Ramsey Solutions has been committed to helping people regain control of their money, build wealth, grow their leadership skills, and enhance their lives through personal development since 1992. Millions of people have used our financial advice through 22 books (including 12 national bestsellers) published by Ramsey Press, as well as two syndicated radio shows and 10 podcasts, which have over 17 million weekly listeners. Learn More.

Related Articles

How Long is Student Loan Repayment?

How Long Does It Take to Pay Off Student Loans?

You don’t have to live with your student loans forever! Find out when you’ll pay off your student loans—and how to get rid of them faster.

Jade Warshaw Jade Warshaw
debt snowball

How the Debt Snowball Method Works

The debt snowball method is the fastest way to pay off your debt. You'll pay off the smallest debt while making the minimum payment on all your other debts, and gain momentum as each one gets paid off.

George Kamel George Kamel