Financial Behavior Scaleis an indicator of

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Description

This survey consists of 19 questions that can be administered as a pre-post assessment. For short programs that occur once for a full day or less this survey will help assess the current state of financial literacy or general financial situations of participants. Short programs should consider asking participants to complete the survey in advance of participating in the workshop. Longer programs that consist of multiple sessions over a period of time should ask participants to complete the survey before and after completing the program to assess changes in participant's financial behaviors. Compute scores for individual participants using the following calculations. For question items 1-8 assign the following values to each response: never=1, rarely=2, sometimes=3, usually=4, always=5. Question items 10-19 are reverse coded, so the following values should be assigned to each response: never=5, rarely=4, sometimes=3, usually=2, always=1. Sum the values across the 18 weighted questions to get the participant's score. The scale ranges from 18-90 with higher scores demonstrating positive financial behavior. This indicator has been identified by PerformWell as a suitable indicator for measuring in adults: - Account Ownership - Cash Flow Management - Financial (Spending) Plan - Savings and Investment Skills For more information see: http://www.performwell.org/index.php/find-surveyassessments/financial-behavior-scale. Self-reported questionnaire and interview

Compute scores for individual participants using the following calculations. For question items 1-8 assign the following values to each response: never=1, rarely=2, sometimes=3, usually=4, always=5. Question items 10-19 are reverse coded, so the following values should be assigned to each response: never=5, rarely=4, sometimes=3, usually=2, always=1. Sum the values across the 18 weighted questions to get the participant's score. The scale ranges from 18-90 with higher scores demonstrating positive financial behavior.
Source

Jacob, Katy. 2002. Evaluating Your Financial Literacy Program: A Practical Guide. Chicago, IL: Woodstock Institute http://www.woodstockinst.org/sites/default/files/attachments/evaluationguide.pdf

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