Are Money Coaches Worth It? Breaking Down the Value of Financial Guidance

by | Apr 3, 2025

  1. They feel overwhelmed, stuck in a cycle of financial stress, and aren’t sure where to start.
  2. They’re making decent money but aren’t seeing the financial progress they want.

In both cases, hiring a financial coach can be the difference between struggling with money and thriving with it. But let’s address the question that’s probably on your mind:


The short answer? Yes—if you’re ready to take action.

A financial coach doesn’t just give you generic advice. They help you build a clear, customized plan that works for your specific financial situation, so you can eliminate debt, save for big goals, and feel confident about your money. You have to be ready and willing to go on this journey and put in the work to see the result you truly want. Otherwise, it will not be worth it. But if you do commit and put in the energy and effort – working with a financial coach will change your life.

Let’s break down what financial coaching actually does and how it could change your financial future.


Most people were never taught how to manage money effectively. We’re expected to figure it out on our own—often through trial and error.

A financial coach bridges that gap, helping you:

  • Get clear on where your money is going – No more guessing. A coach helps you track your spending and create a realistic plan.
  • Break free from paycheck-to-paycheck living – Learn how to stop relying on credit cards and build financial security.
  • Eliminate debt for good – Understand the best strategies to pay off debt quickly and keep it from creeping back in.
  • Set up a spending plan that works for you – Budgets aren’t about restriction—they’re about giving every dollar a purpose.
  • Align your money with your goals and values – A coach helps you prioritize what truly matters, whether that’s travel, retirement, or building wealth.

Unlike a financial advisor, a money coach doesn’t manage your investments or tell you where to put your money. Instead, they teach you how to take control of your finances and create a sustainable plan for the future.


To really understand the impact of financial coaching, let’s look at a real-life example.

Meet Liz & Paul.

Both professionals in respected fields, Liz and Paul were hardworking homeowners raising their nine-year-old son. But despite their success, money was a constant source of stress.

When they bought their home, they quickly realized it needed nearly $30,000 in unexpected repairs. Their response? Putting everything on credit cards.

Before they knew it, they were drowning in debt, constantly worried about their finances, and feeling the strain in both their personal and professional lives. The stress followed them to work, affected their relationship, and left them feeling completely overwhelmed.

That’s when they decided to reach out for financial coaching.

At first, they weren’t sure what to expect. Would a money coach judge them? Would they have to give up everything fun?

Instead, they found a supportive process that:

  • Gave them a step-by-step plan to eliminate debt without feeling deprived.
  • Helped them communicate openly about money (something they hadn’t done before).
  • Allowed them to budget realistically, so they could still enjoy life while making progress.
  • Taught them how to prepare for future expenses, so they’d never have to rely on credit cards again.

Fast forward a year, and Liz & Paul have paid off over $25,000 in debt—without taking on more. They’ve built savings, created a spending plan that works for their family, and, most importantly, feel less stressed and more in control.

“I can’t put a price on what we’ve gained,” Paul shared. “We’re communicating better, we feel more secure, and even our son is learning smart money habits just by watching us.”

You can watch our full conversation here:


If you’re asking yourself, “Do I really need a money coach?”—consider this:

  • Are you constantly worried about money but don’t know how to fix it?
  • Do you feel like no matter how much you earn, you’re not making progress?
  • Are money conversations stressful or avoided in your household?
  • Do you struggle to create (and stick to) a financial plan that works for you?

If you answered yes to any of these, coaching might be the best investment you ever make.


If you’re not quite ready to work with a financial coach, that’s okay! You can still start making powerful changes in your finances right now.

My book, Make Your Money Behave, is designed to help you take control of your money, create a spending plan that actually works, and eliminate financial stress.

📖 Get your copy here → Make Your Money Behave


Whether you’re looking to eliminate debt, save for a big goal, or finally feel in control of your money, you don’t have to figure it out alone.


Financial coaching gives you the tools, plan, and support you need to succeed.
If you’re ready to take the first step, let’s talk. Book a free call with me today, and let’s start your journey toward financial peace.

📅 Schedule a free call here → Pennywise Coaching

About Penny Kidd

I'm a social worker turned Financial Coach. I'm completely debt-free (including my house!) and help others make their money behave by doing a budget and becoming intentional with their money.

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