The Essential Ingredients of an Effective Financial Education Programme

MicroSave designed a financial education module to test an alternative approach to financial education (FE) that is central to the social and commercial objectives of financial service providers rather than on the periphery of their strategic direction. The implementation of the financial education module provided MicroSave encouraging results. In this Briefing Note, the authors discuss areas that they think were critical to the design of the program – the essential ingredients. By including these ingredients in design of FE programme design both implementers and clients get a break from traditional, monologue-based FE programs, while financial service providers benefit from the resultant increase in business.