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NCT Number: NCT05686304

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

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.

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Key information

Conditions

Severe Mental Illness Mental Disorders

Age range

18 year and older

Sex eligibility

All sexes

Study type

Interventional

Phase

Not applicable

Primary location

Baptist Oi Kwan Social Service, Hong Kong

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About this study

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.

Who can participate

Healthy volunteers accepted: No

Only the study team can determine whether someone qualifies for participation.

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

Treatment and study plan

Internet-based self-help money management program

Behavioral

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.

Primary outcomes

  1. Change from Baseline Assessment in Financial Self-Efficacy on the Financial Self-Efficacy Scale at Post-Intervention Assessment and Follow-up Assessment

    Time frame: Before intervention, Immediately after intervention, and 4 weeks after intervention

    The Financial Self-Efficacy Scale assess the change in a 5-point Likert scale, ranging from 1 (strongly disagree) to 5 (strongly agree).

  2. Change from Baseline Assessment in Financial Behaviour at Post-Intervention Assessment and Follow-up Assessment

    Time frame: Before intervention, Immediately after intervention, and 4 weeks after intervention

    Change 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).

  3. Change from Baseline Assessment in Financial Attitude at Post-Intervention Assessment and Follow-up Assessment

    Time frame: Before intervention and Immediately after intervention, and 4 weeks after intervention

    Change 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).

  4. Change from Baseline Assessment in Financial Well-Being on the CFPB Financial Well-Being Scale at Post-Intervention Assessment and Follow-up Assessment

    Time frame: Before intervention and Immediately after intervention, and 4 weeks after intervention

    The CFPB Financial Well-Being Scale assess the change in a 5-point Likert scale, ranging from 0 (not at all) to 4 (completely).

Secondary outcomes

  1. 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 Assessment

    Time frame: Before intervention and Immediately after intervention, and 4 weeks after intervention

    The WHO-5 assess the change in a 6-point Likert scale, ranging from 1 (at no time) to 6 (all of the time).

  2. Change from Baseline Assessment in Anxiety Symptom on the General Anxiety Disorder-7 (GAD-7) at Post-Intervention Assessment and Follow-up Assessment

    Time frame: Before intervention and Immediately after intervention, and 4 weeks after intervention

    The GAD-7 assess the change in a 4-point Likert scale, ranging from 0 (not at all) to 3 (nearly every day).

  3. Change from Baseline Assessment in Depressive Symptom on the Patient Health Questionnaire-9 (PHQ-9) at Post-Intervention Assessment and Follow-up Assessment

    Time frame: Before intervention and Immediately after intervention, and 4 weeks after intervention

    The PHQ-9 assess the change in a 4-point Likert scale, ranging from 0 (not at all) to 3 (nearly every day).

  4. 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 Assessment

    Time frame: Before intervention and Immediately after intervention, and 4 weeks after intervention

    The 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).

  5. Treatment adherence at the Interview after Post-Intervention Assessment

    Time frame: Immediately after Post-Intervention Assessment

    Treatment 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.

  6. Treatment satisfaction at the Interview after Post-Intervention Assessment

    Time frame: Immediately after Post-Intervention Assessment

    Treatment 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.

  7. Treatment satisfaction on the internet (Acceptability of the Internet for delivering online programs) at the Interview after Post-Intervention Assessment

    Time frame: Immediately after Post-Intervention Assessment

    Acceptability 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.

Sponsors and collaborators

Lead sponsor

Education University of Hong Kong

Other

Collaborators

  • Baptist Oi Kwan Social Service

Registry information

Official study title

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

Important dates

Study start
2022
Primary completion
2023
Study completion
2023
First posted
Jan 17, 2023
Registry last updated
Feb 28, 2024

OpenTrials presents study information sourced from ClinicalTrials.gov. The official registry record should be consulted for the latest information.

View the official ClinicalTrials.gov record (opens in a new tab)

This listing is for discovery and informational purposes only. It is not medical advice, does not guarantee that a study is recruiting, and does not determine eligibility. Contact the study team and a qualified healthcare professional when considering participation.

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