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Effectiveness of Internet-based Self-help Money Management Program Among Adult With Severe Mental Illness

Effectiveness of Internet-based Self-help Money Management Program in Increasing in Financial Self-efficacy Among the Adult Population With Severe Mental Illness: A Randomized Controlled Trial

Status
Completed
Phases
NA
Study type
Interventional
Source
ClinicalTrials.gov
Registry ID
NCT05686304
Enrollment
130
Registered
2023-01-17
Start date
2022-09-01
Completion date
2023-12-31
Last updated
2024-02-28

For informational purposes only — not medical advice. Sourced from public registries and may not reflect the latest updates. Terms

Conditions

Severe Mental Illness

Keywords

Money Management Program

Brief summary

This experimental study aims to develop an internet-based self-help money management program that improve financial self-efficacy and its associated adverse outcomes among adult population with severe mental illness. In particular, this study compares the efficacy of the internet-delivered self-help money management program with the wait-list control group. The online money management program course will consist of 4 weekly modules, incorporating the key components of money management and the Model of Human Occupation (MOHO). The program include the concept of money management, money management skill, and risk of financial exploitation. The main component of each module will be presented in video format, quiz, and homework. Materials will be presented interactively to facilitate engagement.

Detailed description

Money management is necessary for people with severe mental illness (SMI) to live safely in the community. Collective evidence has suggested that mental disorder leads to drift into poverty, is strong. Most of them struggle to meet basic needs with their existing income. Financial instability has been consistently linked to an increased risk of relapse. This experimental study aims to develop an internet-based self-help money management program that improve financial self-efficacy and its associated adverse outcomes among adult population with severe mental illness. Its efficacy will be compared with the wait-list control group. We hypothesized that (1) participants who received a money management program will improve financial self-efficacy after the intervention as compared with the wait-list controls; (2) participants from the money management program will have better financial well-being after the intervention as compared with the wait-list controls. The online money management program course will consist of 4 weekly modules, incorporating the key components of money management and the Model of Human Occupation (MOHO), including the concept of money management, money management skill, and risk of financial exploitation. Each module will consist of the main component presented in video format, quiz, and homework. Materials will be presented interactively to facilitate engagement.

Interventions

BEHAVIORALInternet-based self-help money management program

The online money management program course will consist of 4 weekly modules, incorporating the key components of money management and the Model of Human Occupation (MOHO), including the concept of money management, money management skill, and risk of financial exploitation.

Sponsors

Baptist Oi Kwan Social Service
CollaboratorOTHER
Education University of Hong Kong
Lead SponsorOTHER

Study design

Allocation
RANDOMIZED
Intervention model
PARALLEL
Primary purpose
SUPPORTIVE_CARE
Masking
DOUBLE (Investigator, Outcomes Assessor)

Eligibility

Sex/Gender
ALL
Age
18 Years to No maximum
Healthy volunteers
No

Inclusion criteria

* Hong Kong residents * Age ≥18 years * Carrying a diagnosis of mental illness * Being able to read Chinese * Have a computer, tablet and/or smartphone device with Internet access * Willing to give informed consent and comply with the trial protocol

Exclusion criteria

Nil

Design outcomes

Primary

MeasureTime frameDescription
Change from Baseline Assessment in Financial Self-Efficacy on the Financial Self-Efficacy Scale at Post-Intervention Assessment and Follow-up AssessmentBefore intervention, Immediately after intervention, and 4 weeks after interventionThe Financial Self-Efficacy Scale assess the change in a 5-point Likert scale, ranging from 1 (strongly disagree) to 5 (strongly agree).
Change from Baseline Assessment in Financial Behaviour at Post-Intervention Assessment and Follow-up AssessmentBefore intervention, Immediately after intervention, and 4 weeks after interventionChange in financial behaviour is assessed by asking participants to indicate the extent to which they perform six positive financial behaviours in a 5-point Likert scale, ranging from 1 (strongly disagree) to 5 (strongly agree).
Change from Baseline Assessment in Financial Attitude at Post-Intervention Assessment and Follow-up AssessmentBefore intervention and Immediately after intervention, and 4 weeks after interventionChange in financial attitude is assessed by asking participants to indicate their views about performing six positive financial behaviours in a 5-point Likert scale, ranging from 1 (strongly disagree) to 5 (strongly agree).
Change from Baseline Assessment in Financial Well-Being on the CFPB Financial Well-Being Scale at Post-Intervention Assessment and Follow-up AssessmentBefore intervention and Immediately after intervention, and 4 weeks after interventionThe CFPB Financial Well-Being Scale assess the change in a 5-point Likert scale, ranging from 0 (not at all) to 4 (completely).

Secondary

MeasureTime frameDescription
Change from Baseline Assessment in Quality of Life on the Twelve-Item Short-Form (SF-12) Health Survey at Post-Intervention Assessment and Follow-up AssessmentBefore intervention and Immediately after intervention, and 4 weeks after interventionThe SF-12 assess the change in a combination of 5-point and 3-point Likert scale, ranging respectively from 1 (poor/ never) to 5 (excellent/ very much), and 1 (never) to 3 (very much).
Treatment satisfaction at the Interview after Post-Intervention AssessmentImmediately after Post-Intervention AssessmentTreatment satisfaction is assessed by asking participants to report whether they like the treatment and whether they found it useful in a 10-point Likert scale, ranging from not at all suitable to very suitable.
Treatment satisfaction on the internet (Acceptability of the Internet for delivering online programs) at the Interview after Post-Intervention AssessmentImmediately after Post-Intervention AssessmentAcceptability of the Internet for delivering online programs is assessed by asking participants to report how suitable, how convenient, how much they liked, and how worried they were about their privacy in a 10-point Likert scale, ranging from not at all suitable to very suitable.
Treatment adherence at the Interview after Post-Intervention AssessmentImmediately after Post-Intervention AssessmentTreatment adherence is assessed by asking participants to report the number of sessions they had read, how long they had spent on the program, and how far they had followed the instructions.
Change from Baseline Assessment in Psychological Wellbeing on the World Health Organisation-Five Well-Being Index (WHO-5) at Post-Intervention Assessment and Follow-up AssessmentBefore intervention and Immediately after intervention, and 4 weeks after interventionThe WHO-5 assess the change in a 6-point Likert scale, ranging from 1 (at no time) to 6 (all of the time).
Change from Baseline Assessment in Anxiety Symptom on the General Anxiety Disorder-7 (GAD-7) at Post-Intervention Assessment and Follow-up AssessmentBefore intervention and Immediately after intervention, and 4 weeks after interventionThe GAD-7 assess the change in a 4-point Likert scale, ranging from 0 (not at all) to 3 (nearly every day).
Change from Baseline Assessment in Depressive Symptom on the Patient Health Questionnaire-9 (PHQ-9) at Post-Intervention Assessment and Follow-up AssessmentBefore intervention and Immediately after intervention, and 4 weeks after interventionThe PHQ-9 assess the change in a 4-point Likert scale, ranging from 0 (not at all) to 3 (nearly every day).

Countries

Hong Kong

Outcome results

None listed

Source: ClinicalTrials.gov · Data processed: Feb 4, 2026