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Tips for Life Coaches to Empower Others to Break Self-Sabotaging Money Habits

life coach listening to client

Self-sabotaging money habits keep your clients stuck and prevent positive financial change. As life coaches, each of you understand that enabling your clients to make life changes is not the answer. Instead, the most effective approach is to empower your clients to end self-sabotaging habits and make financial change themselves.

The following tips for life coaches introduce you to the Financial Social Work model and its process for helping life coaches empower clients to achieve sustainable financial change. The FSW model goes well beyond programs which educate life coaches on how to talk to people about money. Instead, as you discover in the Financial Social Work certification, this model teaches you to incorporate multiple therapeutic modalities within an interactive, introspective behavioral model of financial education.

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Social Workers: Discover Two Financial Tools Which Empower Others to Achieve Long-Term Financial Behavioral Change

social worker helping family take control of their money

Social workers looking to empower others to improve existing financial circumstances, change the role their behavior plays into their financial life, and plan for a successful financial future will benefit from the following two financial tools found in the Financial Social Work certification course. Those two tools – the P.S.S.P. (Personal Spending and Savings Plan) and Money Mission Statement – are financial tools specific to the Financial Social Work model – a model designed to empower individuals to make long-term financial behavioral change.

If you are a social worker with the goal of helping others overcome the hopelessness and helplessness out-of-control financial situations bring into their lives, then both the P.S.S.P. and Money Mission Statement are financial tools you should begin to utilize on a regular basis. In the following financial blog post, you’ll discover these two Financial Social Work tools which empower others to achieve long-term financial behavioral change.

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Financial Social Work Founder Delivering Keynote at FACA 36th Annual Training Conference in Orlando, Florida

woman speaking at conference event

The Center for Financial Social Work is excited to announce that our founder Reeta Wolfsohn, CMSW will keynote at the Florida Association of Community Action 36th Annual Training Conference on Wednesday May 11th at the Rosen Plaza Hotel in Orlando, Florida. Reeta Wolfsohn will deliver her keynote address, which is titled Changing Financial Behaviors; Improving Financial Self Sufficiency, between 12:00 PM and and 1:30 PM in Ballroom C. In addition to her keynote, Ms Wolfsohn will present a workshop: Financial Social Work and Florida Association for Community Action Partnering for Client Financial Stability on Thursday, May 12 from 8:30 AM – 10:00 AM in Salon 9.

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5 Steps for Achieving Financial Goals – A Helpful Guide for Family and Community Advocates

happy family achieving financial goals

Achieving financial goals and creating sustainable, long-term financial behavioral change relies on individuals understanding the importance of setting goals and using a proven strategy to improve the chances of achieving those goals. Family and community advocates who wish to empower others to make positive financial changes in their lives – everything from reducing credit card debt to creating financial security by building financial assets – can use these 5 steps for achieving financial goals as a helpful guide.

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Financial Literacy Month: The Transtheoretical Model (TTM) of Behavioral Change

Financial Literacy Month: The Transtheoretical Model (TTM) of Behavioral Change

Change is all around us whether we are aware of it or not. Some people choose to change; others resist it. Change is complicated and it is fluid. Understanding the change process is invaluable when working with clients to improve their financial wellbeing.

Financial Social Work (FSW) incorporates the Transtheoretical Model (TTM) of Behavioral Change (Prochaska & DiClemente, 1983; Prochaska, DiClemente, & Norcross, 1992). This wonderful model combines a number of different theories that make it applicable to a broad range of uses (settings, behavior, populations, etc.) and perfect for FSW.

Financial Social Work is an interactive, introspective financial behavioral change model which is heavily psychosocial. Including TTM as part of FSW, helps certification students and graduates recognize where their clients are in the change process and facilitates their working with clients according to their clients’ readiness and willingness to change.

Helping clients achieve sustainable, long-term behavioral change depends on meeting them where they are in the change process rather than expecting clients to adapt information and skills which aren’t applicable to their current change status.

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Financial Literacy Month: What You Need to Know and Do About Identity Theft

Financial Literacy Month What You Need to Know and Do About Identity Theft

If someone wants to steal your identity, mostly likely that person will be able to. Don’t take it personally though. You probably weren’t chosen specifically, but were just in the wrong place at the wrong time = an easy target. That reality may not sound or feel good but hopefully it can serve as a wake-up call to do all you can to protect your identity.

An estimated 17.6 million Americans had their identities stolen in 2014. The more “fortunate” victims only experienced the most basic inconveniences of the crime. The remainder of those men and women lost a significant amount of time, work and money during their quest to reclaim their lives. Identity theft is an experience which leaves victims feeling helpless, stressed and frustrated.

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Financial Literacy Month: A Collaborative Approach to Financial Wellbeing

Financial Literacy Month A Collaborative Approach to Financial Wellbeing

A foundational component of Financial Social Work is the belief that the relationship someone has with his/her money and self has a major impact on that person’s financial circumstances. The theory of relationship and financial wellbeing carries forward to the role of a financial coach, therapist or educator. Regardless of the program, topics, or issues being addressed, the client must feel a rapport with the “expert” (coach, therapist or educator) in order for change to happen.

Rapport is the result of a positive and trusting relationship within which two people respect each other and feel safe and comfortable sharing their feelings and ideas. It is a collaborative environment in which personal and financial growth thrive.

A collaborative approach is quite different from the traditional approach of the “expert” imparting knowledge to passive recipients. That approach fails because increasing knowledge and skills does not provide a sufficiently substantive experience. Clients are unable to receive, memorize and integrate information into their lives that is not within their frame of reference. If any level of change is achieved in this way, it is certain to only be temporary.

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