Financial Counseling & Coaching
SOAR's Financial Capability Program includes financial coaching and counseling, and is designed to empower older adults to take charge of their financial well-being. Financial coaching is a flexible approach that can work for many types of clients with a range of financial goals.
Older adults who receive financial coaching demonstrate overall better money management skills and increased financial confidence. Financial counseling typically involves financial problem solving, generally through a process driven by the counselor.
The SOAR program includes the basics of financial capability, which covers:
Setting goals
Maximizing income
Spending
Saving
Borrowing
Protecting