Who We Are Our mission at CFED is to make it - - PowerPoint PPT Presentation

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Who We Are Our mission at CFED is to make it - - PowerPoint PPT Presentation

Oct 09, 2022 275 likes •943 views

Who We Are Our mission at CFED is to make it possible for millions of people to achieve financial security and contribute to an opportunity economy. How do we do it We push to expand innovative

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   

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Our mission at CFED is to make it possible for millions of people to achieve financial security and contribute to an

  • pportunity

economy.

Who We Are

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How do we do it

We push to expand innovative practical solutions that empower low- and moderate-income people to build wealth. We drive policy change at all levels of government. We support the efforts of community leaders across the country to advance economic opportunity for all.

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UW-Extension Financial Coaching Strategies Website: http://fyi.uwex.edu/financialcoaching/ Center for Financial Security School of Human Ecology 1300 Linden Drive Madison, WI 53706 cfs@mailplus.wisc.edu http://www.cfs.wisc.edu/

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   

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   

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Hallie Lienhardt, Outreach Specialist Center for Financial Security University of Wisconsin-Madison Presents:

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CENSUS BACKGROUND

  • Collaborative effort between

CFS, Asset Funders Network, and the Annie E. Casey Foundation

  • Developed with stakeholder

input and feedback

  • Electronic Survey
  • Distributed widely
  • Consists of three 10 question

tracks:

  • Funders of Financial

Coaching

  • Manager/Leaders of

Coaching Programs

  • Practitioners of Financial

Coaching

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WHO

PARTICIPATED?

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WHAT IS THE SIZE AND SCOPE OF THE FIELD?

  • Median of 4 coaches per
  • rganization
  • 1,705 coaches nationally
  • Median of 14.5 clients per

month

  • Median of 30 clients coached

per month by organizations

  • 10,230 clients receive financial

coaching services per month by participating organizations`

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ADDITIONAL RESOURCES:

  • Full Results Brief: https://cfs.wisc.edu/2016/05/19/financial-

coaching-census-2015-results-brief/

  • Recorded Webinar: http://assetfunders.org/connect/financial-

coaching-census

  • Slideshow from Webinar:

http://assetfunders.org/images/pages/AFN_Financial_Coaching_C ensus_Webinar_5.18.16.pdf

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Elements of Financial Coaching:

  • Client-driven process
  • Method of self-directed behavior change
  • Focus on personalized financial goals related to

improving financial well-being

  • Coaches do not provide financial expertise/advice
  • Coaches offer tools and resources
  • Coaches provide encouragement and monitoring
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Financial Coaching Financial Counseling Financial Education Client Status Client stable, but seeking improvement Client in crisis Client stable, but seeking specific information Objective Client defined Counselor defined Client identified topic with educator defined information Length of Engagement More than two regularly scheduled sessions One-time session,

  • ften “drop-in”

One or two set sessions/workshops Dialogue Active listening and carefully directed questions to guide self-reflection More didactic and prescriptive More didactic, prescriptive, and typically with a set topic identified Monitoring and Self-control Follow up and accountability are explicit and planned for each session Ad hoc; general assumption is client will follow through

  • n intentions

Client chooses what to do with information, carries out actions independently

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ADDITIONAL RESOURCES:

  • What is financial coaching?:

http://fyi.uwex.edu/financialcoaching/what-is-coaching/

  • Financial Coaching: Review of Existing Research:

http://fyi.uwex.edu/financialcoaching/financial-coaching-review-

  • f-existing-research/
  • Financial Coaching Demonstration Videos:

http://fyi.uwex.edu/financialcoaching/learning-to-be-a- coach/financial-coaching-demonstration-videos/

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POLL & DISCUSSION     

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DISCUSSION

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CENSUS RESULTS: HOW ARE PROGRAMS OFFERING COACHING?

  • PAID STAFF, VOLUNTEER, SERVICE POSITION, INTERNS OR 3RD

PARTY ORG: 65% of Managers and 88% of Coaches chose Paid staff, Volunteer chosen by 21% and 6%

  • STAND ALONE SERVICE OR BUNDLED:

86% of Managers and 81% of Coaches chose Integrated or Bundled with other services

  • ONLINE, IN PERSON, GROUP, TELEPHONE, OR OTHER:

Telephone and In Person most commonly chosen by managers and coaches

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facebook.com/CFEDNews @CFED cfed.org/blog/inclusiveeconomy

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facebook.com/CFEDNews @CFED cfed.org/blog/inclusiveeconomy

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facebook.com/CFEDNews @CFED cfed.org/blog/inclusiveeconomy

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facebook.com/CFEDNews @CFED cfed.org/blog/inclusiveeconomy

  

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facebook.com/CFEDNews @CFED cfed.org/blog/inclusiveeconomy

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facebook.com/CFEDNews @CFED cfed.org/blog/inclusiveeconomy

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facebook.com/CFEDNews @CFED cfed.org/blog/inclusiveeconomy

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facebook.com/CFEDNews @CFED cfed.org/blog/inclusiveeconomy

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facebook.com/CFEDNews @CFED cfed.org/blog/inclusiveeconomy

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facebook.com/CFEDNews @CFED cfed.org/blog/inclusiveeconomy

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facebook.com/CFEDNews @CFED cfed.org/blog/inclusiveeconomy

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POLL & DISCUSSION      

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CENSUS RESULTS: HOW ARE COACHES BEING TRAINED?

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POLL & DISCUSSION

     

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ADDITIONAL RESOURCES:

  • Financial Coaching Training Curricula: Field Inventory and

Summary Brief: http://fyi.uwex.edu/financialcoaching/training_curricula_brief/

  • Training Opportunities:

http://fyi.uwex.edu/financialcoaching/trainingopportunities/

  • Financial Coaching Newsletter:

http://fyi.uwex.edu/financialcoaching/category/newsletter/

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POLL & DISCUSSION

  

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POLL & DISCUSSION      

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COACHING COMPETENCIES:

  • Nonjudgmental
  • Good Listener
  • Personable
  • Flexible
  • Inquisitive
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DISCUSSION

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POLL & DISCUSSION      

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