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How to Pay for Financial Coaching

Walking through a tough financial season on your own can feel lonely—even crushing. Hear this: You don’t have to do this alone. One of the best decisions you can make is to work with someone who’s been where you are—a guide who knows the way out. That’s where a financial coach comes in!

But even if you’re on board with that idea, it makes total sense to first ask how you can pay for a financial coach when you’re already struggling with money. The good news is, it’s completely possible to afford the help you need right now. Here are five practical ways to make it happen.

How to Pay for a Financial Coach

1. Recognize the value in financial coaching.

First things first, you’ve got to see the value in coaching. It’s an investment.

Just like a reliable personal trainer or therapist can help you reach physical and mental wellness goals—a trained financial coach will help you break down barriers and make real progress on your money goals. They’ll guide you past the difficulties that are holding you back today and get to the heart of the matter so you can finally break free. For real. For good.

And yes, it will cost you money to meet with a coach. But the light they’ll bring to your situation—and the practical lessons you’ll learn along the way—are truly worth it.

You don’t have to figure out your situation on your own. And you’re worth the investment of financial coaching. Believe it!

2. Make a budget.

It’s time for some practical steps to get the money you need to afford those coaching sessions. And it all starts with a budget. Because it’s quite possible you do have the money, but you’re spending it somewhere without realizing it.

When you budget, you get organized. You start telling every dollar you make where to go. And when you’re taking control of your money like that, you find money you didn’t even realize you had. Seriously! That’s why people say they feel like they got a raise when they start budgeting—because they uncover spending they didn’t know they were doing.

Take that raise and put it to good use: Hire. That. Coach. (And then that coach will help you refine your budget even more!)

3. Check your priorities and cut spending.

As you’re working through that budget, start checking your priorities. What are you spending money on? And now the challenging part—what can you cut out?

Maybe it’s that daily $8 latte habit, lunches out with coworkers, or the five TV streaming services you pay for. All these extras add up. And if you cut the extra spending, just for a while, these little shifts in your life can pave the way for the money you need to hire a coach.

4. Find ways to save money on expenses.

Now look over those necessary expenses: food, utilities, shelter, transportation—some things you can’t cut out of the budget, but you can use these hacks to save money:

  • Take shorter showers.
  • Meal plan to save on groceries.
  • Adjust the thermostat before you leave home.
  • Carpool.
  • Join a gas-rewards membership (as long as it’s not a credit card scheme!).
  • Get a roommate to split rent.

Not all of those tips will work for your season of life, but write out at least five you can start doing today. And then start doing them. Today.

5. Make extra money.

Another way to get extra money in the budget to pay for a financial coach is to make extra money. Aka get a side hustle.  

Look into delivering groceries, driving for a rideshare service, mowing lawns, grabbing a few freelance gigs, teaching bagpipe lessons (because if you have that skill, you probably don’t have a lot of competition in the market) . . . do whatever you love doing or can fit into your schedule!

Yes, it’s extra work. Yes, it’s extra money. Yes, it’s worth it.


Here's A Tip

If you need some help narrowing down your options, take our free side hustle quiz!

You Can Afford a Financial Coach!

We realize all those tips might feel like a lot to juggle—especially if you’re already feeling stressed about money. But guess what—you don’t have to walk through that list alone.

Every Ramsey-trained coach offers a free consultation to help you get started. That means you can have a conversation, ask questions and experience what coaching is like for yourself before you start paying for full coaching sessions. It’s a great first step in the right direction for your financial future.

And as you dive deeper, your coach will help you budget, prioritize your spending, set reachable goals, and stick with all the goals you set. You’ll find the money to pay for the coach and ditch your money stress.

Schedule your free coaching session now and get ready to have some financial peace. (Finally!)

Don't Go It Alone: Connect With a Financial Coach

A trained financial coach helps you navigate your money problems and make real money progress.

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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.

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