Webinar:
Translating Theory and Research into Practice: Implications for Programs and Measurement in the Field of Financial Capabilities

Thursday, May 29, 2014
10:30AM – 12:00PM

With the shift from financial literacy to financial capabilities, there has been an emphasis to practitioners that knowledge gain alone is not sufficient for producing changes in financial behaviors. This not only means that practitioners should be measuring the extent to which participants in their programs and efforts experience behavioral change, but also that their efforts need to incorporate mechanisms for producing change. But what exactly are these mechanisms that practitioners may want to incorporate into their theories of change, and once incorporated, how would they measure progress?

This webinar featured a mix of researchers and practitioners to speak on this topic. Dr. Joyce Serido of the Take Charge America Institute shared her findings from a longitudinal study of a cohort of University of Arizona students that identified factors that influence positive financial behaviors and discussed what this might mean for programming, drawing on her personal experiences from developing and teaching a course at the university. Dr. Jing Jian Xiao from the University of Rhode Island discussed how stages of change can be used to match programs and services with clients' level of readiness to take an active role in their finances. Andy Posner, Executive Director of the Capital Good Fund in Rhode Island shared how his agency has applied some of the findings from research to the model used by CGF, including the use of motivational interviewing to help individuals overcome barriers to achieving more healthy financial lifestyles. The session was moderated by Sarah Savage of the Federal Reserve Bank of Boston. Q&A followed each presentation.

Agenda

10:30 – 10:35 am

Introduction

Sarah Savage
Senior Evaluation and Learning Specialist
Federal Reserve Bank of Boston

10:35 – 10:55

Application of Findings from the APLUS Longitudinal Study to a Personal Finance Course pdf

Dr. Joyce Serido offsite
Assistant Director, Take Charge America Institute
University of Arizona

10:55 – 11:00   

Q&A for Dr. Serido

11:00 – 11:20

Applying Behavioral Theories to Financial Behavior pdf

Dr. Jing Jian Xiao offsite
Professor, Family Finance; Editor, Journal of Financial Counseling and Planning
University of Rhode Island

11:20 – 11:25 Q&A for Dr. Xiao
11:25 – 11:45

Capital Good Fund's Use of Evidence-based Practices in Financial Coaching pdf

Andy Posner offsite
Executive Director
Capital Good Fund

11:45 – 11:50 Q&A for Andy Posner
11:50 – 12:00 pm 

Open Q&A and Wrap-up

Sarah Savage