Originally recorded on Thursday, November 5, 2015
Holiday spending often leads to holiday debt which can quickly derail your clients’ efforts to achieve financial wellbeing. The good news is that you can help your clients create a debt-free holiday during this year’s holiday spending season and for years to come.
These six steps work together to provide the information, motivation and support needed to create sustainable financial behavioral change. Utilizing them will allow your clients to create a debt-free holiday this year, and enable them to take control of their money and gain control of their life forever. You can find the following steps in more detail, along with all the provided, necessary forms, in our free eBook 6 Simple Steps to a Debt-Free Holiday.
We also recently held a webinar titled Gifting Clients With Holiday Financial Wellbeing which demonstrated ways to gift clients with holiday spending behaviors that contribute to financial wellbeing rather than financial problems. You can find a replay of that webinar along with our other webinars on the Financial Social Work YouTube channel.
An Evaluation of its Effectiveness in Changing Financial Behaviors and Improving Self-Sufficiency
Financial Social Work Research Report
United Way, of Erie Pennsylvania (highest poverty rate of any major PA city) conducted an extensive three-year research pilot project of the Financial Social Work (FSW) model for its efficacy among four social service providers serving low-income families and offering financial literacy training. United Way employed KeyStone Research Corporation (KSRC) to conduct the evaluation of the Financial Social Work model for effectiveness using a pre-post evaluation design.
Briefly, significant positive changes were observed in efficacy for both participants and case managers, an increase in knowledge and number of positive money habits, a reduction of debt, an improvement in career resilience and self-sufficiency overall. In addition, the majority of participants give Financial Social Work a very good assessment with 83% giving it a “good” or “excellent” rating and 88% would recommend Financial Social Work to others who want to achieve financial self-sufficiency.
KSRC’s overarching conclusion with respect to the FSW Program is that it has the “potential for accomplishing its stated goal of creating sustainable, long-term financial behavioral change that supports self-sufficiency and financial stability in individuals and families via education, motivation, and support.” In addition, “organizations are likely to benefit by training staff members in this psycho-social orientation to financial literacy.”
Detailed results of the evidence-based research for Financial Social Work are now available.
We welcome both professionals and individuals who are motivated in improving their own financial literacy and that of their clients, friends, and/or family to enter!
Winner will be announced at our free webinar on Thursday, November 5th!
Do you have a plan in place to help your clients overcome the emotional impact of debt in their day to day lives? Often, your clients do not understand – because they may not physically see – how credit card debt and other forms of high-interest debt have an emotional affect on their lives. Whether in a group setting or one-on-one, you will need a plan to open their eyes to this emotional impact and to help them take proactive steps to address the financial behaviors which continue the cycle of debt.
Are you thinking of starting a financial education support group to help your clients as they strive to achieve financial wellbeing? The role of group leader can be a very rewarding role. It is, however, a role that you must have an understanding of in order to facilitate successful behavioral change in your clients. To better help you understand your role as group leader, we shared ten qualities of an effective Financial Education Support Group leader in a previous blog post. In today’s post, we share five common errors all group leaders should avoid to facilitate behavioral change successfully.
Thursday, Nov 5 at 2:00 PM ET / 11:00 AM PT
This webinar is completely free and registrants will receive a recorded video of the presentation!
Your clients’ quality of life is quite dependent on their level of financial instability or financial stability. Put another way, the spending and saving choices your clients make create a life of financial insecurity or a financial security. Are you helping your clients understand the basic money principle of choice, and how they have a choice to either build financial instability or financial stability?
Helping your clients with this complex problem can often seem quite daunting. One way to break down such a complex financial topic is to define both financial instability and financial stability in an easy to understand diagram. We’ll do that for you below. A second way to help your clients move towards financial security is to help them understand they always have a choice – a choice to create financial stability and to leave financial instability behind.
Originally recorded on Thursday, September 10, 2015
Do you discuss the “Money Disconnect” with your clients? Are you offering your clients proactive approaches to deal with the Money Disconnect in order to achieve financial wellbeing? As you learn while being certified in Financial Social Work, the Money Disconnect – a detriment to financial security which will only continue to grow as digital technology advances – plays a large role in the financial issues many of your clients experience.
What is the Money Disconnect? Simply put, the Money Disconnect results from having less actual contact with money — seeing, touching and interacting with it less. It is also due to the increase in money avoidance which is easily accomplished because it is no longer a physical part of everyday life. Our latest blog post offers more insight into the money disconnect, how it affects your clients and how you can help your clients become more connected with their money and financial wellbeing.