Case Study - Financial Coaching

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1. Debt Burden: Shayler & Chris carried credit card debt and funds owing to family, impeding meaningful progress towards her financial objectives.
2. Lack of Budgeting Skills: Despite earning a decent income, Shayler & Chris struggled to effectively manage their expenses, frequently overspending in discretionary categories.
3. Limited Savings: Shayler & Chris possessed minimal savings, leaving them susceptible to financial emergencies and impeding their pursuit of long-term financial objectives such as saving for their wedding, planning for a family and retirement funding.

   Debt Reduction

Through committed adherence to their debt repayment plan, Shayler & Chris successfully paid out their credit card debt and their family member within 3 months.

 Budgeting Proficiency

Guided by their coach, Shayler & Chris cultivated effective budgeting practices, enabling them to better manage their expenses and allocate funds towards their financial goals. This was achieved by refinancing their home loan to a better rate and one that offered multiple offset accounts where we could separate expenses into bills, spend, holidays, debt reduction and wedding account. Once set up we automated all expenses and allocated funds to each category. 

Emergency Savings

Shayler & Chris established an emergency fund equivalent to three months' worth of living expenses, allowing them a sense of financial security and tranquillity.

Financial Confidence

As a consequence of their progress and enhanced financial literacy, Shayler & Chris experienced a notable surge in confidence and optimism regarding her financial future.