If you’re like most people, money is probably one of your least favorite topics. It’s complicated, it’s stressful, and it can be really hard to stay on top of things. But what if I told you that there’s a way to make money less of a pain? That’s right, there is! And it’s called Nav.it, the money coaching app.
How money coaching apps work
Essentially, it’s like having a virtual financial planner in your pocket. The app will help you track your spending, set budget goals, stay on top of your finances, while a live human sets up virtual 1-1 sessions to help you overcome obstacles, answer questions, and reach your financial goals. Plus, you can get personalized advice and tips from the app to help you make the most of your money.
Money coaching versus a money app
PFM or personal financial management app, often called money apps, are basically a money management tool that you can use to track your spending, income, and budget from your phone. YNAB, EveryDollar, Mint… these are all money apps. With millions of downloads, why would you need a money coaching app then?
Here’s why a money coaching app is more valuable than just a regular money app
Money apps are supposed to make our lives easier by helping us track our spending and stay within our budgets. But in reality, most money apps suck. They’re too complicated to use, they don’t work the way they’re supposed to, they’re hard to stick to, and they often end up doing more harm than good (especially if they’re selling your data). Frankly, they’re not doing what they’re supposed to in terms of helping you with stackin’ your money.
If you’re stressed or struggling to manage your money, a money coaching app can help. A real live human answers your questions through the app, meets you in 1-1, and will work with you to create a plan that works for your lifestyle and help you stick to it. They can also help you make smart financial choices and teach you how to save money.
Using a money coaching app is a holistic approach to managing your money.
A holistic approach to personal finances is about more than making better money decisions or saving money. It’s about creating a long-term system that works for you, and ensuring your spending aligns with your goals and values.
Where regularly money apps fail is that they expect you to buy into their system for managing money. But when it comes to personal finance, there is no one-size-fits-all solution. What works for one person may not work for another. That’s why it’s important to take a holistic approach to your finances, work with a money coach, and create a system that works for you. Money coaches through Nav.it can help you create a holistic approach to managing your money.
Creating a holistic approach to personal finance with a money coaching app
There are a few key components to a holistic approach to your personal finances. First, you need to be aware of your goals and values. What do you want to achieve financially? What is important to you? It can be difficult finding clarity around your money relying only on a money app, without a coach to guide you. However once you have a clear understanding of your goals, you can start to create a plan.
Second, you need to be honest with yourself about your spending habits. Where is your money going? What are your biggest expenses? A money coaching app can help you figure out where your money is going and what your biggest expenses are. Once you know where your money is going, you can start to make changes to your spending habits.
Third, you need to create a system that works for you. This may mean setting up a budget, tracking your spending, or creating a savings plan. There is no right or wrong way to do this, as long as it works for you. A money coach helps you navigate all of those variables, including indentify your personal strengths and weaknesses.
Fourth, and finally, you need to stick to your plan. This is often the hardest part, but this is really where the power of a money coaching app kicks in. They help you stay accountable and find your motivation when you fall off the wagon. It’s important to stay on track if you want to reach your financial goals.
A holistic approach to personal finance is about more than just saving money. It’s about creating a budget that works for you, and making sure your spending aligns with your goals and values. With a little planning, effort and help from a money coaching app, you can take control of your finances and reach your financial goals.
Taking control of your finances and tackling your spending habits with a money coaching app
As someone who’s been in the money coaching business for a while, we often hear people say things like, “I don’t need a money coach. I can handle my finances just fine on my own.”
And to that I say, good for you! You’re one of the few people who actually can.
For the rest of us, there are plenty of good reasons to consider working with a money coach. Here are just a few:
Top 7 reasons to use a money coaching app instead of a regular money app.
1. A money coaching app can help you tackle debt
If you’re buried under a pile of debt, it can feel like you’ll never be able to climb your way out. But a money coach working with the tools in a money app like Nav.it can help you develop a plan to pay off your debt and get back on track.
2. Nav.it can help you save money.
If you’re struggling to save money, a money coach can help you develop a savings plan and automate your savings. They’ll also help you find ways to cut expenses so you can start putting more away each month.
3. You’ll improve your relationship with money with Nav.it
It’s no secret that a lot of people have a complicated relationship with money. For some of us, it’s something that we’re always thinking about and stressing over. For others, it’s something that we try not to think about at all. Either way, it’s clear that many of us could use a little help when it comes to how money makes us feel.
According to Erin Papworth, MPH and founder of Nav.it, “Financial decisions are all about your relationship with money… how we think and feel about money, our emotions and preconceived notions of what lifestyle we want to live, what self-esteem we have, and where we place value.”
Money coaching apps go beyond the ins and outs of the transactions in your bank account and helps you uncover how money makes you feel and why you feel that way.
If you have a healthy relationship with money, using a money app can only make it better. Seeing where your money goes each month will help you appreciate it more and make wiser decisions about how to use it.
4. A money coaching app will help you develop better money habits
There’s no magic bullet when it comes to developing good money habits. Just like any other habit, it takes time and effort to make lasting changes. But a money coaching app can help you get on the right track and make those changes stick.
With a money coaching app, you’ll get personalized advice and support to help you develop good money habits. You’ll also be able to track your progress and see how far you’ve come.
5. We can help you make better financial decisions.
Making financial decisions can be tough. There are so many options and paths to choose from, and it’s hard to know which one is right for you. That’s where a money coach comes in. A money coach is someone who can help you understand your options, figure out what you want, and make the best decision for your needs.
If you’re constantly making financial decisions that leave you feeling stressed and overwhelmed, a money coach can help you learn how to make smarter choices with your money.
6. We can help you reach your financial goals.
When it comes to money, we could all use a little coaching. That’s where a money coaching app comes in. This type of app can help you set and reach your financial goals, whether you’re looking to save for a rainy day fund or get out of debt.
That’s because accountability is key when it comes to achieving any goal. But what you may not know is that having an accountability buddy can make all the difference in reaching your targets.
In fact, the likelihood of you accomplishing your goal goes up
25% if you decide to do it
40% if you create a timeline
50% if you make a plan for doing it
and 95% if you set a time to report back to a human
If you have specific financial goals in mind, a money coach can help you create a plan to achieve them. Whether you want to save for retirement, buy a house, or start your own business, they can help you use tools to get there.
7. We can provide support and accountability.
When it comes to making changes in your financial life, it’s often difficult to do it on your own. A money coach can provide support and accountability to help you stay on track.
These are just a few of the many reasons why you should start using a money app. If you’re not using one already, what are you waiting for? Download a money app today and see for yourself how much easier money can be!
*Just remember, we are NOT your financial advisors, tax advisors, or legal advisors by simply accessing this site. Everything that you read or interact with on the site is for informational purposes only. You should contact a professional before taking action.