Our entire life revolves around working for money, spending the same, and saving for our future. Money is always an intriguing topic. While most of them live for money, few find it hard to make ends meet. Either way, one needs to manage finances to ensure security. That way, one can lead a satisfying life. It’s quite challenging to manage finances, but with a personal finance coach’s help, the task is easier. If you’re under debt or finding it tough to divide your money, finance coaching can help you resolve all your issues. They bring you out of the debt hole and help you find peace. Several people are under debt which is why they seek the help of a life coach.
Debt – Personal Finance Coaching
It’s natural to lend and borrow money from your family members or friends. It can be an insignificant amount, but there are times when you borrow money either for your son’s education or essentials. These amounts can be large, but due to job insecurity, you end up falling into debt. If you’re finding it hard to pay off your debts, hiring a personal finance coach or a wealth coach would be highly beneficial.
However, before that, you can try to seek help from the following.
- If you’re a shopaholic, try to cut down the expenses as much as you can.
- Go to the elder member of your family and seek their help.
- You can always look for a job and work on weekends to clear your debts.
- Try to pay off your debts even if the amount is small.
However, if none of them helps, seek a personal finance coach’s help to get you out of the situation. You can also take help from life coaches to find a solution to your stressful situation. There are many wealth coaches in Chennai where you can explain the situation and resolve your problem.
How can a personal finance coach help?
A personal finance coach will look into your problem in detail and check why and how did you end up falling into debt. They assess you and your finances completely to understand the root cause of the problem. A debt coach will analyze every angle of the problem and develop solutions to ease your life.
If you think you can resolve the issue independently, you might find it quite challenging, especially if you don’t know the financial terms. Of course, a person dealing with money will know, but there a plenty of things only a counsellor will know. Many debt consolidation counselling services offer some of the best services and help you out.
A life coach will understand the mental problems you’re facing due to the debt and better understand. There’s no better way than seeking the help of a personal finance coach when in debt. There are a few top life coaches in India you can look upon for instant help.
Debt advice – Getting out of debt
So, how do you get out of debt? Many under debt feel like the world is crumbling and so stressed that they find it hard to cope with everyday things. One must be proactive and take the right decision during the initial stages to avoid further consequences. It’s easy to spend money, but you would be happier to spend money when you know how to manage your finances.
It’s alright to buy what you like, but that shouldn’t be at the cost of stressing you out to an extent where you don’t see a bright day at all. When you meet a debt coach, the first advice he would give is to believe in yourself. Once you believe in yourself, you find ways to clear up your debt. Having control over money is important, and spending based on the needs helps you for a long time. There are debt review and debt counselling services offered by many where there assess the prime cause and help you get out of it.
Be honest with yourself.
Sometimes we end up spending so much that we don’t even realize the amount. Once we’ve landed into the debt hole, we look up to things that caused that. So, it is essential to keep a check on your expenses and yourself. If you’re under debt, look up to the history of your spendings and see where you’ve gone wrong rather than putting a long face every day. Once you understand what caused all of it, it becomes easy to cut down on the irrelevant things in life. Consulting finance coaching experts would go a long way to repairing the damages and getting a grip on the situation.
Enlist some help and get money advice from Finance Coach
Try to seek help from your family members. It always helps before going for a personal finance coach. They know you since forever, so they can help you come out of it. If you’re not comfortable telling them about your finances, you can always go for a personal finance coach and get their help. They understand money at a deeper level., so they help you solve the issue immediately. There is numerous life coach Chennai where they help you get out of the stressful situation. You can also seek the advice of some of the top life coaches in India. You may be able to find out someone who is a great life coach and a wealthy coach.
Look at where you can cut your spending – Your personal finance coach can help.
There are plenty of ways to cut down on expenses until you pay off the debt. You might not know about that extra electricity bill or that extra essential, which is not much use taking up a large part of your pay. When you cut down on the little things, you would find it easier to pay off the debt. Once it is done, you will naturally learn how to manage your finances. You can also take the help of a personal finance coach if you cannot figure out how to cut down on expenses. Look for a life coach with expertise in finance.
Work out how you can increase your income with Finance Coaching.
You can always take up small jobs after work or during weekends to earn those extra bucks to pay off your debt. That way, you will find it easier and less stressful in the process. You have to toil hard for quite some time, but it is always better to repay it as soon as possible rather than prolonging it. There’s no need to be ashamed of doing the little jobs because they the ones that will help you overcome extreme consequences. There are numerous jobs available, and you can start right away before seeking the help of a personal finance coach. However, finance coaching may give you clarity on the road ahead.
Financial advice – Make a plan with your personal finance coach.
It’s always the start that matters the most. Once you’ve dived in to resolve the problem, then it’s a piece of cake. Outline what you want to do and make a list of all the expenses you need to cut down. Making a list is not enough; following it is extremely important. Try to control the urge to buy that dress or that expensive pair of shoes for a while; once you’re under control, it gets easier than ever. You can always take finance coaching if you want a detailed plan to help you out of the situation.
Personal Finance Coaching Fees
Suppose you want to seek the help of a personal finance coach or a wealth coach lookout for someone who has great experience in handling personal financial matters. This person should also be passionate about coaching or helping others. A personal finance coach is a good life coach, adept at financial aspects and competent in debt management and counselling.
The introductory session by any coach is generally free of cost. The rest of the sessions depend on each personal wealth coach and the type of contract. However, an experienced coach’s average charges could be between INR 3,500 to INR 7500 per session. It depends on the duration and the type of session you’ve planned to take up. They offer some of the best services and help you come out of the situation with ease. You may benefit from a monthly payment mode or a contractual fee.
Personal Finance Coaching with Praveen Saanker
“Coaching” and “Counselling” services provided by Mr Praveen Saanker are part of our “not-for-profit” activities. We do not charge a consulting fee for these support initiatives since they are meant to provide aid and relief for truly deserving individuals who otherwise may not have been able to afford these services.
Mr Praveen Saanker has set aside 12 hours of his professional time every week to provide coaching and counselling services. Appointments are provided on the basis of the unique needs of everyone. Please note that we do not have robust CRM platforms or customer support teams to provide instant answers to your queries or replies to your emails. Hence please bear with us for the time we take to get back to you. If you do not qualify under the category of “financially weaker sections”, then you can avail of Mr Praveen Saanker’s service under the general coaching agreement which is a service offered for a fee.
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Mr Praveen, the founder of ‘Vedicology,’ is an internationally renowned scholar on Sanatana Dharma recognized for his knowledge and application of Indian Psychology and Spirituality. He is regarded as an expert on Indian and Western Psychology, Vedic Scriptures, Indian Rites, Rituals, Customs & Traditions, Astrology, Vastu Shastra & Numerology. Aiming to be of the utmost help, Mr Praveen Saanker looks to understand your motivations and aspirations and then provide a solution accordingly. Praveen successfully integrates the principles of Vedas with modern Psychology and Business Management. Mr Praveen Saanker works with family business entrepreneurs and next-generation leaders, advising them on the family constitution and finding a subtle balance between family and business priorities.