Debt Management

Managing Money Reduces Stress

Welcome to Wellness Compass Inc., where we provide debt management life coaching services to individuals who are struggling with their finances. Our goal is to help you take control of your money, pay off debts, and live within your means. We understand that managing money can be overwhelming and stressful, which is why we’re here to help guide you towards financial freedom.

Improve Your Money Management Skills

Our debt management life coaching services are designed to teach you the skills you need to manage your money effectively. We’ll work with you to develop a personalized plan to pay off debts, balance your weekly and monthly budgets, start a savings plan, and live within your means. Our coaches are experienced and knowledgeable in financial planning, and we’re committed to helping you achieve your financial goals.

A person with poor money management skills can benefit significantly from the guidance of a debt management coach. Coaches are trained to help individuals set goals, develop strategies, and create action plans to improve various aspects of their lives, including financial management. Here’s how a debt management coach can help someone with poor money management skills:

• Assess the situation: A Wellness Compass, Inc. coach will start by evaluating your current financial situation, identifying problem areas, and understanding their financial goals.

• Set realistic goals: Together with the your input, your debt management coach will establish specific, measurable, achievable, relevant, and time-bound (SMART) financial goals that align with the person’s needs and priorities.

• Create a budget: We will help you develop a budget that considers their income, expenses, and financial goals. This budget will serve as a roadmap for managing money effectively.

• Develop healthy habits: Your debt management coach will work with you to break poor financial habits and establish new, healthy ones. This could include tracking expenses, setting up automatic savings, and creating a plan for paying off debts.

• Provide accountability: Your will regularly check in with you to monitor progress and offer guidance when needed. This accountability can be crucial in helping the individual stay on track and make progress towards their financial goals.

• Offer emotional support: Managing finances can be stressful, especially for someone with poor money management skills. Your coach can provide emotional support and encouragement, helping you navigate challenges and setbacks.

• Educate on financial topics: Your coach can provide resources and information on financial topics, such as debt management, savings strategies, and investment basics, to help the individual make informed decisions.

• Referrals to professionals: If needed, we can refer you to other professionals, such as financial planners or credit counselors, for specialized advice and assistance.

Let’s get started. Fill out the assessment form for a free consultation and we’ll contact you ASAP!