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

NCT05686304 | Completed

• 1 other identifier: 2021-2022-0425
• Study Type: interventional
• Target: 130
• Locations: 1 country
• Sites: 2

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.

Conditions

Severe Mental Illness

Keywords

Money Management Program

Outcome Measures

Primary Outcomes (4)

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

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

  Before intervention, Immediately after intervention, and 4 weeks after intervention

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

  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).

  Before intervention, Immediately after intervention, and 4 weeks after intervention

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

  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).

  Before intervention and Immediately after intervention, and 4 weeks after intervention

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

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

  Before intervention and Immediately after intervention, and 4 weeks after intervention

Secondary Outcomes (7)

• 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

  Before intervention and Immediately after intervention, and 4 weeks after intervention

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

  Before intervention and Immediately after intervention, and 4 weeks after intervention

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

  Before intervention and Immediately after intervention, and 4 weeks after intervention

• 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

  Before intervention and Immediately after intervention, and 4 weeks after intervention

• Treatment adherence at the Interview after Post-Intervention Assessment

  Immediately after Post-Intervention Assessment

Study Arms (2)

Money management group

EXPERIMENTAL

Participants in the money management condition start the 4-week money management program immediately after randomization and complete the post-intervention assessment right after they finish the treatment. They will be invited to participate in an interview after completing the post-intervention assessment.

Behavioral: Internet-based self-help money management program

Waitlist control group

NO INTERVENTION

Participants in the waitlist control group will wait for 4 weeks without the money management program and then complete the post-intervention assessment. The waitlist control participants will start a money management program (equivalent to that of the money management group) immediately after completing the post-intervention assessment.

Interventions

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.

Money management group

Eligibility Criteria

• Age: 18 Years+
• Sex: all
• Healthy Volunteers: No
• Age Groups: Adult (18-64), Older Adult (65+)

You may qualify if:

• 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

You may not qualify if:

• Nil

Sponsors & Collaborators

• Education University of Hong Kong: lead
• Baptist Oi Kwan Social Service: collaborator

Study Sites (2)

Baptist Oi Kwan Social Service

Hong Kong, 999077, Hong Kong

Location

The Education University of Hong Kong

Hong Kong, 999077, Hong Kong

Location

MeSH Terms

Conditions

Mental Disorders

Study Officials

• Kevin, Ka Shing CHAN

  The Education University of Hong Kong

  PRINCIPAL INVESTIGATOR

Study Design

• Study Type: interventional
• Phase: not applicable
• Allocation: RANDOMIZED
• Masking: DOUBLE
• Who Masked: INVESTIGATOR, OUTCOMES ASSESSOR
• Purpose: SUPPORTIVE CARE
• Intervention Model: PARALLEL
• Sponsor Type: OTHER
• Responsible Party: PRINCIPAL INVESTIGATOR
• PI Title: Associate Professor, Head of Department of Psychology

Study Record Dates

• First Submitted: January 6, 2023
• First Posted: January 17, 2023
• Study Start: September 1, 2022
• Primary Completion: December 1, 2023
• Study Completion: December 31, 2023
• Last Updated: February 28, 2024

Record last verified: 2024-02

Data Sharing

• IPD Sharing: Will not share

Locations

HK (2)