Texas Storm Nation Financial Coaching Program

Parents Leading the Way

The Parents Leading the Way financial coaching program equips our parents and guardians with tools to achieve financial stability while reinforcing the broader mission of Texas Storm Nation to empower families and youth.

By strengthening the financial health of families, the program is also contributing to a more secure and prosperous future for our program youth.

All coaching sessions and resources are provided free of charge to program parents.

What is Financial Coaching?

Financial Coaching utilizes coaching techniques that develop a person’s ability to manage their own finances through setting and working towards self-defined financial goals.

Financial coaching is different from counseling, advising, or teaching. It is a unique approach for increasing an individual’s financial capability because it is mainly participant-driven.

Financial coaches are there to guide participants and equip them with financial knowledge and/or resources, but mainly to hold them accountable for reaching the financial goals they will set for themselves

Program Goals

  • Empower parents and guardians with the tools, knowledge, and accountability needed to achieve financial stability and security.

  • Strengthen family financial practices to benefit the youth in the Texas Storm Nation program.

  • Provide accessible, free resources and coaching tailored to individual needs and family dynamics.

  • Create a supportive, non-judgmental space for participants to set and achieve their own financial goals.

Program Structure

  • Quarterly Group Coaching Sessions

    • Focused on specific financial topics in an interactive, workshop-style format.

    • Conducted in a supportive group environment to foster peer learning and networking.

  • Monthly One-on-One Coaching Sessions

    • Personalized sessions designed to address individual financial goals and challenges.

    • Flexible scheduling to meet participants’ needs (in-person or virtual).

    • Setting personal financial goals (e.g., home ownership, debt elimination, savings milestones).

    • Navigating specific financial challenges, such as medical bills or unexpected expenses.

    • Reviewing and improving financial habits based on the participant’s unique circumstances.

  • Participants will receive information on appropriate resources that can help them reach their financial goals, for example:

    • community programs

    • state or governmental resources

    • banking or other financial programs and resources

    Coaching participants will be referred to other professionals for assistance with matters that fall outside the sphere of financial coaching (example: investing advice).

    Financial coaches are equipped though to share investing knowledge.

  • The group and one-on-one financial coaching will be facilitated by:

    Qualified Financial Coaches

    • Staff or board members trained in financial coaching techniques.

    • Certified financial coaches or counselors from nonprofit organizations.

    Community Partners

    • Collaborations with financial institutions, community organizations, or local businesses to provide expert insights and resources.

Group Coaching Topics

  • Credit and Debt Management

    Understanding credit scores and reports.

    Strategies for reducing and managing debt.

  • Budgeting and Saving

    Creating a realistic family budget

    Developing savings plans for emergencies and long-term goals

  • Investing Basics

    Introduction to investment options (e.g. retirement accounts, mutual funds).

    How to set investment goals aligned with personal financial priorities.

  • Tax Planning

    Maximizing deductions and credits

    Planning for tax season to avoid surprises

  • Building Generational Wealth

    Establishing financial habits that benefit future generations.

    Introducing basic estate planning concepts (e.g. wills, insurance).

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