Money coaches: the mentors who focus on financial health, not wealth

During the cost of living crisis there has been an increase in the number of people offering their services as money coaches, and a rise in take-up. Photograph: 10’000 Hours/Getty Images

Dharmesh Patel was sceptical about how much he would get out of sessions with a money coach.

“I thought it might just be about budgeting – how to manage the pot that I’ve got – but it was much more holistic: less about trying to grow your personal wealth and more about thinking about your financial health and wellbeing.” The 31-year-old from east London is now a convert: “I couldn’t recommend coaching enough.”