Jun 2016, ,
MyBudgetCoach Pilot Study: Summary of Findings
This brief summarizes key findings from a pilot study of MyBudgetCoach (MyBC).1 MyBC is a financial coaching program designed to help low- and moderate-income adults develop budgeting skills and work towards their financial goals. Trained coaches use the program’s online platform (MyBudgetCoach.org) to deliver a financial capability curriculum. Even when using trained volunteers as coaches, financial coaching is administratively intensive and therefore difficult to bring to scale. Technology-driven approaches offer promise in helping to position financial coaching programs for growth and replication. This study explores how the online MyBC platform may contribute to this goal.