Evaluation tools and guidelines

Highlights of evaluation tools and guidelines

A selection of useful tools and good practice guides to assist evaluators of financial literacy and education initiatives.

Evaluation tools and guidelines

2014 Rigorous evaluation of financial capability strategies: Why, when and how
Consumer Financial Protection Bureau, January 2014
The US Consumer Financial Protection Bureau has responsibility for implementing initiatives to educate and empower American consumers to make better-informed financial decisions. The Bureau contracted Urban Institute to investigate what approaches are effective in improving financial decision-making and financial wellbeing. This report summarises the successful strategies and pitfalls of conducting rigorous evaluation of financial capability interventions. These were shared through a roundtable discussion, with Urban Institute and Bureau staff, and 26 evaluators, funders and program staff involved in ongoing or recent evaluations of financial capability programs.
  Toolkit for the Evaluation of Financial Capability Programs in Low- and Middle-Income Countries
Yoong, Joanne; Mihaly, Kata; Bauhoff, Sebastian; Rabinovich, Lila; Hung, Angela; 2013, Financial Literacy and Education Russia Trust Fund, Washington DC, World Bank
This toolkit draws on the experience of a range of pilot financial capability projects conducted in 11 low- and middle-income countries. It provides a practical guide to the various aspects of conducting evaluations which are also relevant to the Australian context. It is designed for use by researchers who are interested in conducting an evaluation of a financial capability program and for policy makers and practitioners interested in commissioning an evaluation of a financial capability project.
 2013 Measuring Financial Capability: Questionnaires and Implementation Guidance for Low- and Middle-Income Countries
Kempson, Elaine; Perotti, Valeria; Scott Kinnon; 2013, Financial Literacy and Education Russia Trust Fund, Washington DC, World Bank
This manual is designed to provide guidance to institutions, researchers and survey firms on how to measure financial capability using a survey instrument that was developed as part of The World Bank Capability Measurement Program, a larger project that encompassed both measurement of financial capability and evaluation of financial literacy programs. The manual provides guidance on the overall purpose of financial capability questionnaires and their parts, while at the same time highlighting areas of concern and issues that need to be addressed in the implementation of the survey instrument, and in the analysis.
 2012 High Level Principles for the Evaluation of Financial Education Programmes
OECD International Network on Financial Education (INFE), 2012
These principles provide policy makers, program designers and other stakeholders with information about the importance of monitoring and evaluating financial education programmes. They cover a wide variety of financial education provision, from individual courses and seminars to large scale programs and media campaigns.
 2010 Detailed Guide to Evaluating Financial Education Programmes
OECD International Network for Financial Education (INFE), 2010
This practical guide on evaluating financial education programs describes the process of monitoring and evaluating and explains the importance of doing so. It has been developed for use by financial education project managers, educators and stakeholders.

Last updated: 02 Nov 2016