Financial coaching is an emerging complement to financial education and counseling. As defined in this article by J. Michael Collins, Peggy Olive and Collin O'Rourke, financial coaching is a process whereby participants set goals, commit to taking certain actions by specific dates, and are then held accountable by the coach. In this way, financial coaching … Continue reading Financial Coaching’s Potential for Enhancing Family Financial Security
J. Michael Collins
Field Experiments on the Impacts of Financial Planning Interventions for Recent Homebuyers
Low and moderate-income households are less likely to plan for long term financial goals, including retirement, and are less likely to seek out assistance with long term financial planning. Offering behavior-based financial planning interventions that leverage technology at teachable moments may prove to be an efficient and effective strategy to reach this vulnerable population. Stephanie … Continue reading Field Experiments on the Impacts of Financial Planning Interventions for Recent Homebuyers
Impact of Financial Counseling on Financial Stability – Analysis of the New York City Model
J. Michael Collins, Cathie Mahon, Monica Martinez, and Karen Walsh studied the impact of financial counseling on financial stability, within the context of methodology employed by the New York City Department of Consumer Affairs Office of Financial Empowerment. Download Brief Financial counseling may be an effective way to improve individuals’ financial behavior and outcomes. However, its … Continue reading Impact of Financial Counseling on Financial Stability – Analysis of the New York City Model
University of Wisconsin-Madison Center for Financial Security 