Online personal budgeting and money coach

Individuals, couples and young families who feel stuck with money, plus some employers or community groups that run money workshops.

Packages of sessions over 1 to 3 months, single session fees, or paid group workshops and courses.

• Patient, non-judgmental listener
• Clear explanations of budgeting and debt basics
• Organized follow-up with clients

• Recommending specific investments or products can trigger securities or insurance licensing, check with your state regulator
• Credit repair and debt settlement services are regulated, check federal and state rules before offering anything beyond coaching
• Avoid promising results, and add a clear disclaimer that you are not providing legal or tax advice
• Check whether you need a local business license and consider professional liability insurance
• Protect client financial data with secure tools

Startup costs are typically around $300 to $1,500, depending on your video and scheduling tools, secure software for client data and insurance. Consider professional liability insurance, and check whether you need a local business license.

Monthly revenue is typically around $400 to $2,000, depending on your rates, how many clients you coach and your hours. These are estimates, and results are never guaranteed.

Check with your state regulator, since recommending specific investments or products can trigger securities or insurance licensing. Credit repair and debt settlement are regulated, so check federal and state rules, and add a disclaimer that you do not give legal or tax advice.