Sometimes it helps to share your goals and setbacks with others in similar straits.
That's sort of the theory behind the Maryland CASH Campaign's financial coaching program that will start in June. The program will be open to 10 to 15 Baltimore-area residents who will set a goal and meet weekly for six weeks for group coaching so they can reach their target.
Just as some people manage to shed pounds through weight-loss programs with group support, some people achieve financial goals in a group setting, too, said Robin McKinney, director of the Maryland CASH Campaign.
"Some prefer the accountability you have with a group. It's motivating to be around other people who are just like you," she said. "It makes you feel you are not alone."
This is the third year of the financial coaching program. McKinney said the first participants liked the group dynamic so much that they continued to meet long after the program was over. And all participants last year attained their goals, she said.
Participants must be comfortable with talking about their finances in front of others.
"Talking about this can be very emotional," McKinney said. "You see people get choked up and the group rallies around the person," even if they've only just met them.
The financial coaching group will meet from 5:30 p.m. to 7 p.m. on Tuesdays at the Maryland CASH Campaign’s headquarters at 217 E. Redwood St. in Baltimore.Copyright © 2014, The Baltimore Sun