Even John Rampton, contributor to Forbes and Entrepreneur, recognizes in his recent article* that “discipline…is the most challenging part” of budgeting. All of the financial knowledge and expertise in the world will not help you manage your money if your thoughts and behavior get in the way. As a life coach, my expertise is clearly not with stocks, finance management, etc. My expertise gives you the tools and skills to foster discipline, excel with decision making, manipulate your environment so it is conducive to engaging in behaviors that move you closer to your goal, and develop thoughts in-the-moment that align with your goal—which any financial growth hinges upon.
Aside from teaching strategies and supporting skill development, a life coach collaborates with the client to develop an individualized behavior plan based on a specific budgeting or financial goal (not just “I’m going to save $x a day and not spend money on y”); a person’s success is highly contingent on a quality behavior plan. Clearly, if a person is having challenges with discipline, then adhering to a behavioral plan will likely be challenging, too. As a specialist in behavior, emotions, and cognition, I don’t just create any behavior plan, but I consider habits, motivation, challenges, lifestyle, strengths, and personality. Any behavior plan I develop is constructed in a collaborative nature, *realistic,* and designed specifically for the individual, which is how it can be effective—despite challenges.
If financial management and adhering to a budget is a goal that you’ve had but consistently aren’t meeting, it might not mean that you have an unrealistic goal, but may indicate that you need something more to reach your goal. That “something more” is a skill set and approach that a competent life coach can provide.
*"For a Debt-Free New Year Set a Budget and Stick to It" on Entrepreneur.com posted December 22, 2015