Chantel and Trey – life-changing confidence and self-trust with money decisions
Chantel and Trey, an engaged couple in their twenties sought financial coaching as they had missed some mortgage repayments and were struggling with feelings of financial instability. Trey had recently transitioned to full-time work after many years of part-time jobs due to university studies. They rarely spoke about money and had very different approaches – Chantel liked to save whilst Trey liked to spend. They felt embarrassed by their inability to manage their finances properly.
Their incoming goals were:
- Build savings and emergency fund
- Improve financial skills
- Save for their wedding
- Refinance
- Make good financial decisions
The coaching approach
The financial coach worked on empowering the couple to define their financial goals fully and to develop their financial skills in a way that worked for them.
Coaching expanded their perspectives so that they could trust their financial decision making.
Facilitating powerful conversations about money over several sessions, the financial coach helped this couple shift their negative beliefs about their capabilities with money into one that was positive and action focused.
Impact and results
- Chantel and Trey improved their communication regarding financial goals and developed a deeper mutual understanding of their financial dynamics.
- They successfully refinanced their home loan, gaining greater confidence in their financial decision making.
- Trey secured a new job with a $20,000 salary increase, demonstrating enhanced self-assurance and capability.
- They renegotiated their wedding plans and were able to bring their plans forward and significantly under budget.
- They gained the knowledge and confidence to seek help when needed, leading to meaningful, sustained progress toward their financial goals.
- The coaching experience enabled Chantel and Trey to trust their financial decisions, fundamentally changing their approach to money management and their overall financial stability.
“We would never have been able to get to the point of refinance without coaching. We didn’t trust the decisions we were making but we’ve learned not just how to do it but also how to trust ourselves with money decisions – which for us is life changing.” Chantel
*Names and images have been changed to protect the identities of the people we helped
