A Review of Effectiveness Evidence in the Financial‐Helping Fields


evaluation, family life education, financial counseling, financial education, financial planning


Objective: We reviewed the literature on four financial‐helping fields—the family resource management content area of family life education, financial education, personal financial planning, and financial counseling—in search of best evidence‐based practices when working with individuals and families concerning issues related to money.

Method: Experts in each field of the financial helping professions reviewed common practices in their own field and identified best practices when possible.

Results: Although we found that reviews of financial education outcome research exist, researchers and practitioners have made few attempts to examine best practices in these fields; most of the practices that professionals use in these four fields have not been empirically tested for effectiveness. Consequently, we provide a general overview of common practices within the four fields.

Implications: We implore practitioners and researchers to undertake evaluation research as a means to decipher what works, for whom it works, and to what extent it works.

Original Publication Citation

Dew, J. P., Dean, L., Duncan, S. F., & Britt-Lutter, S. (2020). A review of effectiveness evidence in the financial-helping fields. Family Relations, 69, 614–627.

Document Type

Peer-Reviewed Article

Publication Date


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Family Relations




Family, Home, and Social Sciences


Family Life

University Standing at Time of Publication

Associate Professor