Financial Coaching

financial coach chloe daniels

I am SUPER excited to now be offering virtual financial coaching in 2020! On this page, I’ll cover everything you need to know about my style for financial coaching, what to expect from a session, and how to book your first session! 

Feel like everyone else has their finances figured out while you’re pretending everything’s fine?

 

Is looking at your bank account or credit card statement a task you dread so much you refuse to do it?

 

Would you rather [insert every horrible thing] than look at your finances and figure out how to organize them into a useable budget?

 

Have you been wanting to start a budget forever but the overwhelm is real and stopping you?

 

Does trying to pay off your credit card debt feel pointless because you don’t know where to begin or won’t stick to it?

 

Has figuring out your finances been on your to-do list forever but you can’t find the motivation to get started?

 

If you answered yes to any of the above…

 

Maybe it’s time to consider financial coaching.

 
 
should you consider financial coaching?

Why Should I Consider Financial Coaching?

If you don’t understand your finances, you’re not alone. According to Debt.com, CNBC, MarketWatch and BankingRates.com:

 

  • 32% of Americans follow a budget.
  • 13.7% of Americans have $0 saved for retirement.
  • 45.5% of American women have nothing saved for retirement.
  • 40% of Americans would struggle to come up with $400 for an unexpected expense.
  • 1 in 5 Americans (19%) have nothing set aside to cover an emergency.

Equally scary and comforting, right? 

 

 

Comforting because you’re not alone if you fall into one of the categories mentioned above, but also, isn’t it terrifying how few people are in a position to cover a $400 unexpected expense? 

 

 

How did we end up here? How did we get to a world where no one knows how to manage their money, invest and save for that elusive retirement someday?

 

 

Simple: We are not taught this crap in school.

 

It's not your fault.

Very few people ever receive any formal financial training. It’s not taught in schools beyond the basics of “spend less and save more” rhetoric. There are few opportunities to practice real-life skills. Understanding taxes and budgets and investing and retirement– it’s a whirlwind of numbers and overwhelming jargon that makes learning this stuff difficult and frustrating.

 

But, again, it’s not your fault.

 

The personal finance world was not designed to be easily understood by average Joes. It was designed for an elite class (read: white men) who control most of the world’s wealth and the financial advisors in charge of “teaching” folks how to money benefit from you never actually learning how to money yourself.

 

So what do we do? 

 

We stay needing our financial advisors, costing us hundreds of thousands of dollars in our retirement funds.

 

We avoid learning all together because we believe it’s too much and too hard to start.

 

And we don’t take control of our financial futures because we’re ashamed and feel as if we should know what we don’t by now.

 

I get it. I've been there. And I'm here to tell you that you can learn and you, too, can become good with money.

I used to be bad with money. Like, real bad.

 

I’d go through periods of my life where I’d get really good at hoarding money for specific events, like moving to a new country or studying abroad, and then I’d blow all the money on stupid things because I’d spent so much time hoarding– I’d swing into the other extreme the second my reigns were loosened.

 

Then there were times in my life where I used money to numb all the feels I didn’t want to feel. 

 

Feeling overwhelmed? How about a new shirt?

 

Sad and lonely? Let’s order in some food! 

 

Feeling like you need a change and don’t know what it is? Let’s get our hair done and spend $500 we don’t have on a makeover! 

 

I’ve been that person.

 

I’ve been the person who didn’t know how she was going to pay rent because she spent her whole paycheck on things she didn’t need.

 

At points in my life, I’ve been the person who was so scared to spend money that she let it ruin once in a lifetime experiences like going to Thailand and living in China.

 

I’ve been the person who lives paycheck to paycheck, promising myself next paycheck I’d save a little more to get out of the cycle, but weeks, months, and years passed and I was still telling myself the same thing.

 

Someday. Someday I’ll be better with money.

 

 

How I Got Here

And one day, I had enough and decided to change my habits for good.

You can read about that day here: “I am $68k in Debt” and you can read about my journey to financial fitness including all my spending reports for the last two years on the Budgeting Bare page.

 

I started this journey in 2018 when I was saddled with $70k in debt from my student loans and car note. Within a year of deciding to finally tackle my money habits and get serious about paying off debt, I managed to pay off $20k in debt while paying cash for five international trips and saving about $40k for retirement in the process. 

 

And this was when I was still making five-figures.

 

Fast forward a year later?

 

  • I started investing in real estate which has allowed me to save another $40k for retirement in less than a year.
  • I paid off another $20k of debt.
  • I saved $100k for retirement and am now on track to retire by the age of 46.

 

Pretty cool, huh?

And Now I'm Teaching Others How to Make Their Money Work For Them

Getting my finances under control changed my life.

 

And now I’m super friggin’ passionate about teaching others how to do the same. 

About Financial Coaching with Clo Bare

If sitting down with a financial advisor makes you cringe, great. We’re on the same page already.

 

I am not a financial advisor. There will be no me selling you some financial product to magically improve your life. There will be no jargon that only someone with a PhD in finance would understand. I’m here to teach, educate and empower you with the skills and tools you need to money on your own.

 

It’ll just be me, you, your goals, and some kick-ass realness.

 

This is a topic where there can be negative feelings — shame, fear, inadequacy… People hate talking about money and they especially hate feeling like they don’t know something they think they should know.

 

But the good news is MOST PEOPLE DON’T KNOW ANYTHING ABOUT PERSONAL FINANCE.

 

Most people don’t know what the heck a 401(k) is. Most people don’t know the first step in creating a budget. Most people ignore their finances and hope they’ll just work out somehow. And that’s totally okay.

 

I’m here to help you take the steps you need to get to a place where you control your money, instead of allowing your money (or lack of money) to control you. 

financial coach chloe daniels

What to Expect from a Financial Coaching Session with Clo Bare

First and foremost, you will get no judgement from me. Clients have described my coaching sessions as:

 

“Learning about budgeting from Chloe is like sitting down with an extremely knowledgeable friend, except minus the fear of that friend judging you for struggling with money.”‘

 

“For the first time in a long time, I didn’t feel anxious talking about money, because I knew that for once, I was talking with someone who understood the struggle, and who would give education and tips without judgment.”

 

“She is upbeat, non-judgmental and very knowledgeable. She made me feel inspired and hopeful about my current and future financial situation.”

 

“Not only do I want her to help me with my finances, but I want to be her friend.”

 

Secondly, these sessions are all about you.

The sessions are highly personalized and designed around you and your goals. In our very first session, we’ll go over your experience with money, why you want to start financial coaching in the first place, what your major goals are and what your current financial picture looks like.

 

Then, we’ll start working on your personal finance roadmap. Using your goals and baby steps along the way to get you there, we’ll craft a highly personalized plan to get you to where you want to be.

 

The most common topics of coaching sessions include:

 

 

How Many Financial Coaching Sessions Do I Need?

With some of my clients, we meet every two weeks and some we meet once a quarter. It truly depends on the individual and their goals. The main goal of my coaching is to equip you with the skills and tools you need to be successful long term. Sometimes that can be completed in one session, and sometimes it can take a few sessions over the course of a few months or years.

 

Personal finance is personal, which means no two sessions or journeys are alike. 

Can I Have a Single Coaching Session with You?

Abso-freaking-lutely. Sometimes a client just needs help refining their budget to make it work for them. They already have the basic knowledge of what a budget is and how to use it, so they might only need one call or do calls as needed. That’s totally cool.

 

Maybe you just need a simple how-to budget overview or perhaps you need a coaching session on investing instead of bi-weekly or monthly calls. The main purpose of “one-off” calls is to educate you on best practices for your goals and behavioral tendencies so that you can walk away from the call ready to conquer what’s next!

 

Ultimately, the goal behind financial coaching is to teach you the skills you need and equip you with the tools you need in order to be successful in your personal finance journey long term. Think about it like therapy– ultimately the goal is for you to do learn to handle your personal finances on your own so you don’t need me anymore.

 

Sad, I know. But I’ll always be here if you need me.

Coaching Packages

“One-Off” Single Coaching Session: ($85 per session or $275 for a package of four sessions)

  • 1-hour session
  • Includes in-depth, educational session on a topic of choice (budgeting, investing, emergency funds, etc).
  • Focused on diving deep into 2-3 topics
  • 30 days of email support

Discovery Session: $195

  • 2-hour session to discuss your financial situation
  • Deep dive into current budget/spending plan
  • Analysis of debt
  • Goal setting and thought work to get at the psychology behind why you spend the way you do
  • Customizable budget spreadsheets and debt tracker
  • 30 days of email support and phone support
  • Recording and follow up notes from the session

Monthly Financial Coaching: $75 per month*

Once you’ve completed either a Discovery Session and you’re ready to be kept accountable for your goals on a monthly basis.

  • Monthly 1-hour session
  • Unlimited email support between sessions
  • Goal check-ins
  • Monthly homework assignments
  • Recording of sessions and follow-up notes
*Minimum 3 month commitment

By purchasing any package above, you are agreeing to the terms and conditions listed here.

Testimonials

"Chloe was a dream to work with! She's the ideal collaborator — on top of all the things, thorough, responsive, and a pure delight. And as a speaker and teacher, I can't recommend Chloe highly enough. She made an overwhelming, emotional topic — personal finance — easy to understand, simple, and doable. She gave the attendees inspiration, empowerment, and an overall positive attitude which is saying A LOT when it comes to money matters. Chloe not only knows her stuff, she knows how to deliver it; her presentation, from her slides to her activities to her verbal shares, is engaging and authentic. She's the ideal blend of knowledge and personal story. It's not easy to keep people's attention especially virtually and she did it perfectly. I'm already fielding tons of "When will you offer this again?!" inquiries. The people want Chloe!"
Saya Hillman
Mac & Cheese Productions℠
"For months I had been trying to get a grip of my budget-- I was keeping track of my spending, seeing where I could cut corners, but it just wasn't working for me. I felt like I was barely keeping my head above water, and then BOOM-- Chloe came into my life like a life raft. She led me through the process to show me where my snags are, how I can actually achieve the lifestyle I want to have as long as I am staying in line with what I truly value in life, all in a very easily accessible and straightforward way. I'm getting paid this week and I CANNOT WAIT to start budgeting in my new values-based budget like Chloe outlined. I guess I'm the kind of person who gets excited about budgets now?! Financial coaching with Clo Bare-- cannot recommend it enough."
Sophie Banks
UX/UI Designer
"Learning about budgeting from Chloe is like sitting down with an extremely knowledgeable friend, except minus the fear of that friend judging you for struggling with money. No matter where you are in your budgeting journey -- just starting out, mostly under control, or ready to dive into the world of investing -- Chloe has great information and resources to share. For the first time in a long time, I didn't feel anxious talking about money, because I knew that for once, I was talking with someone who understood the struggle, and who would give advice and tips without judgment."
Anonymous
Chicago
"Clo Bare introduced me to 'values based spending and savings' and raised my awareness around my money story. While I've always been aware of my 'money story', I didn't realize how it was holding me back. Similarly, in other areas of my life, I've always known that by identifying my WHY, I'm so much more inclined to follow through and for whatever reason, I had never thought about this with budgeting before. After this, I feel like I finally have the tools, mindset and strategy to help me feel 'in control' of my money and know that it's ok to spend because I've already saved and accounted for everything else. I'd strongly recommend Clo Bare to any women's groups who are trying to empower themselves with becoming more 'dangerous' with budgeting, investing, and personal finance. Thank you so much, Clo Bare!"
Anonymous
"Chloe was authentic and engaging. She made budgeting fun and helped me create some clarity around where I could shift some of my expenses to live a life I desire. She is upbeat, non-judgmental and very knowledgeable. She made me feel inspired and hopeful about my current and future financial situation."
Anonymous
Chicago
"...the framework and resources Chloe provided made it feel far more approachable and less intimidating than I could ever imagine it would be. I'm feeling inspired, open and ready to tackle goals I've been putting off for financial reasons. Chloe showed me it's possible to pay down debt, save, and still live my best life. I'm excited for what comes next!"
Anonymous
Chicago
"I've met with other folks before who help people to better manage their personal finances but Chloe is the most down-to-earth and approachable one I've worked with so far. Her transparency and honesty around her process was refreshing and made everything feel that much more attainable (who else actually posts their monthly budget forecast and actual spending for the public to view and learn from?). It was fun (budgeting can be fun!), entertaining, REAL and Iearned so much from the process. Also, SUPER amazing value for how much I spent. I am walking away from this feeling empowered and excited to start my own journey of making my money work for me."
Anonymous
why you need a financial coach

Alright, you've convinced me. How do I get started?

Ready to change your relationship with money forever?

 

Fuck, yeah.

 

I’m excited for you.

 

Please be sure to check out the different packages I offer here. Once you’ve decided on a package, fill out the form below and I’ll be in touch to schedule your first session within 2-4 business days.