evaluation
Evidence type: Evaluation i
Information about the programme design and rationale
Evidence about Financial Capability outcomes for programme participants
Evidence that the Financial Capability outcomes were caused by the programme
Evidence about programme implementation, feasibility, and piloting
Evidence about relative costs and benefits of the programme
Cash Pointers initially aimed to build money skills among young social housing tenants in Bristol, South Gloucestershire and North Somerset, but later expanded to include other groups, including young people leaving care and those in supported housing. Using a test and learn approach, the project included one-to-one support sessions, a wide range of group sessions, media projects and grants to community projects. Services were delivered in a wide range of community settings, in schools, and in partnership with other agencies. Between 2013 and 2017 Cash Pointers supported 1151 people in one-to-one sessions and over 1500 in group sessions.
The study reports a wide range of targets, but also analysis of results of two pre- and post-questionnaires completed by people receiving one-to-one support: the My Financial Confidence questionnaire (115 questionnaires completed), measuring self-perception of money management confidence, and an ECORYS tool (309 questionnaires completed) that recorded consumer debt and household utilities arrears.
Findings record self-reported improvement in confidence or financial situation among young people using two pre- and post-questionnaires.
Recorded self-improvement in financial confidence (My Confidence questionnaire):
Proportion of recipients paying off arrears or debt completely (ECORYS questionnaire):
Project learning about key success factors :
1625 independent people www.1625ip.co.uk