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Financial Education Evaluation

This resource is designed to provide assessment and evaluation resources for community professionals who are delivering financial capability education programs.

Partners in this work include AccountAbility Minnesota, Department of Human Services/Office of Economic Opportunity, Lutheran Social Services Financial Counseling, Minnesota Community Action Partnership, and the University of Minnesota.

Webinar

Accessing and Evaluating Financial Capability
November 16, 2012 webinar (requires Flash player)
• Catherine Solheim

Guides for Developing Evaluations and Assessments

Logic Model Templates to Develop Evaluations
Description: Guide and templates for developing an evaluation logic model.
• University of Wisconsin Extension
Assessing Outcomes of Financial Education
This manual provides information about design and delivery of financial education programs as well as ways to measure change in knowledge, skills, attitudes, and behaviors.
• Jennefer Sebstad, Monique Cohen, and Kathleen Stack
Financial Education Evaluation Manual
Comprehensive financial education manual to be used in conjunction with the online toolkit listed below.
• National Endowment for Financial Education (Koralalage S. U. Jayaratne, Angela C. Lyons, and Lance Palmer)
Financial Education Community Toolkit
Examples of evaluations using NEFE's Toolkit are shared.
Collecting Evaluation Data: Surveys
This University of Wisconsin Extension handbook covers the basics of using surveys in evaluations.
• Ellen Taylor-Powell and Carol Hermann
Collecting Evaluation Data: End-of-session Questionnaires
Resource useful for writing and formatting end-of-session questions about changes in behavior, motivation, confidence, knowledge, skills, attitudes, beliefs, and opinions.
• Ellen Taylor-Powell and Marcus Renner
Assessing the Impact of Financial Education for AFI Participants
This 'Assets for Independence' website outlines strategies for conducting financial education assessment within IDA programs.
• Assets for Independence
Family Assets for Independence Evaluation Plan
Overall evaluation plan for Minnesota's individual development account program.
• Catherine Solheim
Post-Then-Pre Evaluation
This article gives an overview of the post-then-pre evaluation design and a community-based nutrition program that used this approach.
• S. Kay Rockwell and Harriet Kohn

Templates and Examples

Question Formats and Examples
Examples of formats and questions that can be used to create assessment or evaluation tools.
• Katie Brewton and Catherine Solheim
Financial Education Evaluation Online Toolkit
User-friendly step-by-step online database allows evaluators to construct instruments for their programs. Create a user name and password to access the toolkit. Access the database manual (PDF) and then visit the database website.
• National Endowment for Financial Education (Koralalage S. U. Jayaratne, Angela C. Lyons, and Lance Palmer)
Assessment: Participant Satisfaction
End-of-program satisfaction tool used in the Family Assets of Independence Minnesota program.
• Catherine Solheim
Self-Efficacy Assessment
Tool to measure financial self-efficacy and general self-efficacy used in Family Assets for Independence program.
• Catherine Solheim
Financial Knowledge Assessment Knowledge (Pre-Post Program)
Tool to measure financial knowledge pre- and post-program in the Family Assets for Independence program.
• Catherine Solheim
Financial Knowledge Assessment (Pre-Post Course)
Tool to measure financial knowledge pre-post course in the Family Assets for Independence program.
• Catherine Solheim
Financial Practices Assessment
Tool to measure financial practices using transtheoretical model of change in Family Assets for Independence program.
• Catherine Solheim
Financial Practices (Use of Products and Services) Assessment
Tool to measure use of financial products and services used in the Family Assets for Independence program.
• Catherine Solheim
Evaluating Your Financial Literacy Program: A Practical Guide
This guide provides many examples of questions to ask to assess financial learning.
• Katy Jacob
Evaluation Action Plan
This handout provides an easy-to-use template for planning your evaluation.
• Angela C. Lyons

Reports on Evaluations of Financial Education Programs

Evaluation of the Youth Financial Literacy Trial Program
Describes an evaluation of a high school program on credit card and cell phone use.
• Roslyn Russell, Rob Brooks, and Aruna Nair
Evaluation of the National Endowment for Financial Education High School Financial Planning Program
Describes the comprehensive evaluation of NEFE's High School Financial Planning Program.
• Sharon M. Danes and Katherine E. Brewton
An Evaluation of the FDIC's Financial Literacy Program Money Smart
Describes an evaluation of the Money Smart program.
• Angela C. Lyons and Erik Scherpf