Progress to date.

As of December 2013, Moneythink has:

  • Trained 969 college volunteers…
  • …to provide financial mentoring to 7312 students in need…
  • …in over 100 high school classrooms…
  • …across 30 communities nationwide.
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Measured impact in 2012-13.

Through diagnostic and summative tests and surveys of 350 students in our launch year (2012-13), we saw improvements in financial knowledge and attitude across the board.

  • 65% of students felt more prepared for financial independence by the end of the program.
  • 62% increase in students’ awareness of the dangers of credit card debt.
  • 46% increase in student understanding of parents financial practices.
  • 31% increase in household discussions of money management.
  • 30% increase in student familiarity with financial aid process for college (FAFSA).

These are encouraging results for our early work, and they meet or exceed improvements observed in most other youth financial education programs. Yet, to prove real economic impact, we have to push the dial on impact measurement. That means holding ourselves to a higher standard.

Our three-pronged approach to impact measurement.

To date, youth financial education hasn't been linked to financial or economic outcomes. Yet, we're convinced that it can produce them. Here are the metrics we're using over the coming years to prove impact.

Increase Economic Opportunity

WHAT THIS MEANS: putting students in position to land a living wage job through increased college persistence, creation of professional tools (resume, LinkedIn, Gmail), and knowledge gain in finding and landing a job.

Enable Economic Mobility

WHAT THIS MEANS: helping students succeed in living wage jobs through refined characteristics, increased knowledge on networking value, and augmented use of goal setting.

Fight Poverty

WHAT THIS MEANS: through implementation of knowledge of net worth components and the ability to build net worth, enhanced money management and credit building skills, and tangible outputs to aid money management (budget, savings plan, etc.)

How we are measuring this

Moneythink students complete pre- and post-surveys to measure knowledge gain and attitude change through the life of a Moneythink program. Additionally, students complete reflection slips at the end of each Moneythink session to measure immediate progress in each content area. Paired with a student portfolio, which captures tangible outputs, Moneythink pre-surveys/diagnostic assessments, post-surveys/summative assessments, and reflection slips play a critical role in determining the effectiveness of our program. Moneythink continues to explore ways to provide real-time progress checks towards short-term and long-term program goals.

Numbers are great, but how does Moneythink affect the lives of individuals?

We’re on a mission to even the odds for future generations, and the only way we’ll know whether we succeed at that mission is if we’re keeping score. Yet, so often, evaluations and numbers miss the human element that makes service meaningful in the first place.

See stories of lifechanging impact.

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