Financial Education Community Toolkit
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key resources: impact evaluation

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Measuring outcomes is essential to developing effective programs that benefit participants. In this section, you will find a menu of information-ranging from articles on measuring financial stability outcomes to a resource for creating evaluative instruments-to help in evaluation planning and reporting.

1) Evaluating The Impact of Economic Empowerment Program

Women’s Institute for Housing and Economic Development

This curriculum is well-respected locally and comes with a Facilitator’s Handbook that addresses impact evaluation. The section on impact evaluation is available here PDF. The full handbook can be found here, www.wihed.org.

2) Financial Education Evaluation Toolkit

The National Endowment for Financial Education® (NEFE®)

Dedicated to delivering the information and skills necessary to take control of personal finances, NEFE® partners with other concerned organizations to provide financial education to underserved populations. They developed an online database that creates evaluative instruments for financial education, samples of which can be found in the Evaluative Instruments section of this Toolkit. The NEFE online database can be found here, www2.nefe.org.

3) Evaluation of the American Dream Demonstration, Final Evaluation Report, Executive Summary

Abt Associates for The Ford Foundation and Charles Stewart Mott Foundation

This evaluation documents the success of Individual Development Accounts and the ability of people with modest means to save. www.abtassociates.com. PDF

4) A Longitudinal Evaluation of the Intermediate-term Impact of the Money Smart Financial Education Curriculum Upon Consumers’ Behavior and Confidence

Federal Deposit Insurance Corporation (FDIC)

www.fdic.gov/consumersPDF

5) Evaluating Your Financial Literacy Program: A Practical Guide

Katy Jacob, Woodstock Institute

Evaluation Guide.PDF

6) Tools for Survival: An Analysis of Financial Literacy Programs for Lower-Income Families

Katy Jacob, Sharyl Hudson, Malcolm Bush, Woodstock Institute

Tools for Survival.PDF

7) Opportunity and Ownership Project: Can Financial Literacy Enhance Asset Building?

Elizabeth Bell and Robert I. Lerman, The Urban Institute
www.urban.orgPDF

8) Working Paper Series: Translating Financial Education into Behavior for Low-Income Populations

Angela C. Lyons, Yunhee Change, Erik Scherpf, Center for Economic Education

http://cee.econ.uic.edu PDF

The information and opinions represented do not necessarily represent the opinions of UWMBMV and Bank of America Corporation.
United Way of Massachusetts Bay and Merrimack Valley
Main Phone: 617.624.8000
Fax: 617.624.9114 info@supportunitedway.org