Teaching employees money management skills and showing a profit in the process: Lessons from a financial literacy course

Abstract

The purpose of this article is to describe the lessons that both occupational social workers and those in other settings could learn from the development, utilisation and verification of a financial literacy course. This course, entitled "Be Money Wise", was developed by Police Social Work Services and implemented as part of the basic training of student constables. In-depth research showed that it had a significant effect on recipients and produced a high return on the employer's investment. The course and its results could be used as a basis to extend this type of service to other social work fields.