What Works Fund Evaluation of Workshops
The Money Charity’s Financial Education Money Workshops have a significant positive effect on the Financial Capability of Young People, in terms of confidence and perception of knowledge, even when the majority of students have only experienced a one-hour Workshop.
This is one of the findings of a new school-level randomised controlled trial (RCT), exploring the impact of our Financial Education Money Workshops on students’ Financial Capability.
The RCT study found that our Workshops were effective at improving students’ self-reported confidence in managing money, how much they know about savings and credit, and how much they know about planning and budgeting. It was also found that teacher capability to deliver Financial Education themselves was improved by attending the Workshops, an unanticipated but welcomed consequence.