Financial coaching effectiveness in a low-income community: a qualitative analysis
This paper summarizes qualitative data from a field experiment exploring a coaching intervention in a low-income, minority community. The program aimed to develop clients' financial capability focusing on client driven goals. As part of the program, coaches reported client's financial goal...
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| Format: | Article |
| Language: | English |
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Oxford Brookes University
2025-02-01
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| Series: | International Journal of Evidence Based Coaching and Mentoring |
| Subjects: | |
| Online Access: | https://radar.brookes.ac.uk/radar/items/2f4d9115-567b-4bc8-9233-960af3ba24e7/1/ |
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| _version_ | 1823860404617478144 |
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| author | Anna C. Silva Allison E. Seitchik Jane D. Parent |
| author_facet | Anna C. Silva Allison E. Seitchik Jane D. Parent |
| author_sort | Anna C. Silva |
| collection | DOAJ |
| description | This paper summarizes qualitative data from a field experiment exploring a coaching intervention in a low-income, minority community. The program aimed to develop clients' financial capability focusing on client driven goals. As part of the program, coaches reported client's financial goals, outcomes, and coaching challenges. The qualitative analysis suggests most participants had a goal of saving money, reported saving difficulties, but ultimately were able to save during the program. These findings support financial coaching as an intervention for building financial capability and show how a program to train college students in personal finance, coaching, and intercultural skills can effectively support low-income families. |
| format | Article |
| id | doaj-art-1e5dbf4fed264dbbbc4241dea1509a27 |
| institution | Kabale University |
| issn | 1741-8305 |
| language | English |
| publishDate | 2025-02-01 |
| publisher | Oxford Brookes University |
| record_format | Article |
| series | International Journal of Evidence Based Coaching and Mentoring |
| spelling | doaj-art-1e5dbf4fed264dbbbc4241dea1509a272025-02-10T14:16:22ZengOxford Brookes UniversityInternational Journal of Evidence Based Coaching and Mentoring1741-83052025-02-0123112013410.24384/phbe-sp52Financial coaching effectiveness in a low-income community: a qualitative analysisAnna C. Silva0https://orcid.org/0000-0001-7209-0031Allison E. Seitchik1https://orcid.org/0000-0003-3079-422XJane D. Parent2Merrimack College, USAMerrimack College, USAMerrimack College, USAThis paper summarizes qualitative data from a field experiment exploring a coaching intervention in a low-income, minority community. The program aimed to develop clients' financial capability focusing on client driven goals. As part of the program, coaches reported client's financial goals, outcomes, and coaching challenges. The qualitative analysis suggests most participants had a goal of saving money, reported saving difficulties, but ultimately were able to save during the program. These findings support financial coaching as an intervention for building financial capability and show how a program to train college students in personal finance, coaching, and intercultural skills can effectively support low-income families.https://radar.brookes.ac.uk/radar/items/2f4d9115-567b-4bc8-9233-960af3ba24e7/1/financial coachingfinancial capabilityfinancial goalssavinglow-income clients |
| spellingShingle | Anna C. Silva Allison E. Seitchik Jane D. Parent Financial coaching effectiveness in a low-income community: a qualitative analysis International Journal of Evidence Based Coaching and Mentoring financial coaching financial capability financial goals saving low-income clients |
| title | Financial coaching effectiveness in a low-income community: a qualitative analysis |
| title_full | Financial coaching effectiveness in a low-income community: a qualitative analysis |
| title_fullStr | Financial coaching effectiveness in a low-income community: a qualitative analysis |
| title_full_unstemmed | Financial coaching effectiveness in a low-income community: a qualitative analysis |
| title_short | Financial coaching effectiveness in a low-income community: a qualitative analysis |
| title_sort | financial coaching effectiveness in a low income community a qualitative analysis |
| topic | financial coaching financial capability financial goals saving low-income clients |
| url | https://radar.brookes.ac.uk/radar/items/2f4d9115-567b-4bc8-9233-960af3ba24e7/1/ |
| work_keys_str_mv | AT annacsilva financialcoachingeffectivenessinalowincomecommunityaqualitativeanalysis AT allisoneseitchik financialcoachingeffectivenessinalowincomecommunityaqualitativeanalysis AT janedparent financialcoachingeffectivenessinalowincomecommunityaqualitativeanalysis |