Financial Capability

Changing Behaviors to Build Financial Health 

Financial capability involves a combination of knowledge, skill, and access. Financially capable consumers possess: 
  • the knowledge to manage financial resources effectively; 
  • the skills to exercise behaviors that lead to financial health; and 
  • access to high-quality financial products and services. 

The results are that they are able to cover monthly expenses with income, track spending, plan ahead, and save for the future.

The Financial Capability Innovation Funds, managed by CFSI, support promising nonprofit-led projects designed to help consumers better manage their finances and achieve financial health.

Through this project and more, CFSI has worked for years to support nonprofits, providing resources to help implement innovative behavioral strategies and learn about consumers struggling with financial health. We’ve created case studies and infographics to illustrate opportunity and progress nonprofits have made in product development.

See highlights from our work below:

2014-The-Goodwill-Employee-Microcontent-Twitter.jpg Goodwill Industries International Goodwill recognized that some of its employees faced significant financial challenges, so it set out to help build their financial skills. Learn more about their story today >>

Start2Save-Microcontent-The-First-Steps.jpgOpportunity Fund Follow Opportunity Fund’s journey to build a  successful  matched savings program for their clients and the several iterations of their Start2Save program. Learn more about their story today >>

Healthcare-Microcontent.jpgNew Market Development Initiative profiles Identify three key markets and non-traditional financial service providers with potential to improve consumer financial health. Learn more about this initiative today >>

We’ve also learned quite a bit about the value of nonprofits in the education, distribution, and promotion of responsible products and services for the financially underserved. Learn more about the 5 key lessons learned in this infographic >>