The Financial Security Ecosystem
Building financial security to BOOST outcomes.
Training frontline staff, or Capacity Building to utilize strategies that build financial security makes it possible to reach thousands, but families might only receive that support once.
By meshing the two approaches, front-line staff are able to give an entry level approach to financial coaching to thousands, and refer those with the greatest need to a financial coach – increasing both the scale and impact of services. We also have evidence that integrating strategies to build financial security into the work of other sectors – for example workforce development – improves outcomes.
Beyond the customers themselves, by implementing both approaches using Change Machine, the Clinic and its partner are able to collect important data to analyze progress, identify the strengths and weaknesses in program delivery, and propose solutions that reach well beyond the partnership, or Lasting Change.
The Clinic created a web-based financial coaching platform called Change Machine, that makes the financial security ecosystem possible.
Change Machine seamlessly connects the three strategies in the ecosystem bundle, making it easy for partners to adopt the strategies, integrate them in their existing services, and sustain the work far into the future.
Change Machine also makes it possible for the Clinic and its partners to identify barriers to financial security and provides the hard data needed to make the case for systems change.