MyBudgetCoach (MyBC), operated and distributed by Solutions for Progress (SfP), is an online platform designed to complement and enhance existing financial coaching programs. MyBC provides a turnkey way into financial coaching for organizations not currently offering that service.
MyBC coaching sessions are held either remotely or in-person. When delivered remotely, the coach shares their screen with the participant as they review session content. In between coaching sessions, all participants utilize the MyBC online service to complete homework assignments, track expenses and income, and update progress in completing savings, debt and other financial goals.
The project received funding from the Center for Financial Services Innovation’s Financial Capability Innovation Funds. A partnership with a collaborative of funders led by the Citi Foundation, the Funds provided support to innovative projects designed to help low-income and underserved consumers adopt positive financial behaviors.