Motivation to Change Financial Behaviors

Research on adult treatments shows that motivation to learn and change behavior is a key factor and can have implications for program success.   Lack of motivation can be a barrier to program participation and increase the likelihood that an individual will drop out of a financial capability program. Individuals that are motivated to learn and improve their financial knowledge and skills are more likely to use effective financial management practices in the longer term (Prochaska & Levesque, 2002).

Assessing an individual’s willingness and motivation to change at the onset of the program is important to better understand how to engage them. Programs that measure an individual’s motivation can use the data to help determine or modify service delivery strategies. For example, programs with less motivated individuals may seek to identify whether other issues are of more pressing concern and help them to address those concerns.


Sources Cited

Prochaska, J.O. & Levesque, D.A., (2002). Enhancing motivation of offenders at each stage of change and phase of therapy. In M. McMurran (Ed) Motivating offenders to change (pp. 57-74). Chichester: John Wiley & Sons.