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  • What does a financial coach do?
    Financial coaches help their clients make improvements with their personal finances. This includes balancing income and expenses. Typically, a financial coach will help their clients create a plan for thier money and help them reach a big financial goal such as paying down debt, saving for a house or improving thier credit score. Financial coaches motivate their clients and provide specific steps for them to take. If you've struggled to manage your personal finances in the past then financial coaching is for you!
  • Do you only work with first-time home buyers?
    No. While we specialize in helping first-time home buyers we also work with clients who need general help with their finances. This may include, but is not limited to, clients who need support with budgeting, paying off debt, tracking spending, and saving for retirement.
  • Do I need to provide my income, debts, and expenses for financial coaching?"
    Yes. In order to determine what steps should be taken to get you approved for your mortgage, our coaches need this information to figure out what your current financial situation is. We call this your Financial Snapshot. All of the information for your snapshot will be kept confidential and will only be used to help develop your customized plan. We do not share your personal information with anyone else. If you aren't ready to share your financial information, try a free consultation first to learn about the value of looking at your finances with a coach.
  • How is Saks of Savings different from credit repair?
    Credit repair companies will offer to remove deragatory remarks from your credit report. While a quick fix might sound appealing, credit repair companies can't guarantee that their negotiations with your creditors will be successful and they don't address your habits that led to your current financial situation. Saks of Savings on the other hand will improve your overall financial health by teaching you money management skills and will provide tips on negotiating with creditors on your own. We will develop a plan for you to save more and pay down debt.
  • Do I have to live in Baltimore to get financial coaching?
    No. Coaching takes place through Zoom, a video conferencing service that is free to use. After setting up a free consultation or coaching session, you will receive a link to a Zoom video conference for your scheduled time. While there is a Zoom app, you can join through a web browser so downloading the app isn't neccesary. For clients who live in the Baltimore area, in-person sessions can be arranged by emailing us at
  • My lender already told me what I need to do qualify for a mortgage. Why should I pay for a financial coach to help me?
    While you can certainly make the financial changes to qualify for a mortgage on your own, Saks of Savings will help get you there even faster! A Saks of Savings coach will help you identify the best approach to optimize your saving and spending to get you qualified for a mortgage. We will be your guide every step of the way. Schedule a free consultation to find out if financial coaching is right for you.
  • Do you approve mortgages or will you help me buy a house?
    No. Our financial coaches will explain the mortgage and home buying process, but we are not licensed to sell real estate or provide mortgages. For any questions about mortgage approval or to make an offer on a home, you should consult a mortgage lender/broker or real estate agent licensed in the state you live in. Saks of Savings will be happy to provide you with a referal whenever possible.
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