While examination on the effectiveness of financial education has many factors to consider, NEFE has taken measures to improve evaluation studies—for both practitioners and researchers.
Continuously seeking information on the impact of a program or educational session is imperative. Well-designed evaluations tell instructors whether and how they are improving behavior, knowledge and confidence of learners, and where improvements need to be made. Without evaluation, or by using ineffective tools, instructors rely on anecdotes to inform their work and evaluators miss opportunities to measure multiple aspects of a program. A more comprehensive assessment can show where immediate improvements can be made, and which areas of success can be capitalized.