mymoney/Kuxaan - A community-based pilot intervention for the development of digital solutions for community organizations

Last registered on January 22, 2025

Pre-Trial

General Information

Title

RCT ID

AEARCTR-0015229

Initial registration date

January 17, 2025

Initial registration date is when the trial was registered.

It corresponds to when the registration was submitted to the Registry to be reviewed for publication.

First published

January 22, 2025, 8:13 AM EST

First published corresponds to when the trial was first made public on the Registry after being reviewed.

Locations

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Primary Investigator

Name

Luisa Blanco Raynal

Affiliation

Pepperdine University

Contact Primary Investigator

Other Primary Investigator(s)

Additional Trial Information

Status

In development

Start date

2025-02-17

End date

2025-12-31

Keywords

Behavior, Finance & Microfinance, Health

Additional Keywords

Financial education, financial literacy, field experiment, digital technologies, text message, mobile delivered, online learning

JEL code(s)

D14, G23, G53, G51

Secondary IDs

Prior work

This trial does not extend or rely on any prior RCTs.

Abstract

Our goal is to design and evaluate a digital program delivered via mobile phone that provides relevant information and motivation for changing how people manage their money. Our mymoney program has been tailored to meet the needs of the Latino community, and focused on Latino adults between the ages of 18-65. This pilot study will use an interactive digital platform newly developed by the team (Kuxaan) where participants will complete educational activities and surveys. The study will also pilot the use of a platform for digital education programs. We will evaluate experience of participants with digital experience through our records of completed activities online and surveys. We will also conduct focus groups in-person, online, or in combination among participants to learn about their experience with program/platform. We will invite stakeholders to participate as program participants to provide feedback on experience with program/platform via focus groups.

External Link(s)

Registration Citation

Citation

Blanco Raynal, Luisa. 2025. "mymoney/Kuxaan - A community-based pilot intervention for the development of digital solutions for community organizations." AEA RCT Registry. January 22. https://doi.org/10.1257/rct.15229-1.0

Sponsors & Partners

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Experimental Details

Interventions

Intervention(s)

The intervention will be conducted over the course of 4 weeks. Participants will use a proprietary software called Kuxaan, designed as a robust infrastructure to support educational content delivery, offering users a seamless and secure experience. Participants will received one message per week that will invited them to complete program activities in online platform. We will also send reminders to encourage completion of activities online and motivation for behavioral change in relation to personal finances. Participants will complete one survey at the beginning of the study and one survey at the end of the duration of the program online in Qualtrics. These surveys will be completed online and take approximately 5-10 minutes per survey. It will consist of two activities per week.

Intervention Start Date

2025-03-03

Intervention End Date

2025-05-31

Primary Outcomes

Primary Outcomes (end points)

Financial Capability Score, Financial Stress Indicator, 5 Stages on financial behavioral change

Primary Outcomes (explanation)

Financial Capability Score: Score developed by Collins and O’Rourke. provide a measure of specific positive behaviors associated with financial wellbeing such as having a spending plan, being confident of achieving financial goals, having automatic savings, spending less than income, not paying financial fees, and having emergency savings.

Financial Stress Indicator: Developed by the Financial Health Network. An indicator that denotes whether current finances created stress.

5 Stages on financial behavioral change: Developed by Blanco applying Prochaska and DiClemente's Stages of Change Model to financial behaviors related to the educational material provided in program via the online platform and the behavioral nudges sent via text for taking specific actions related to financial behavior.

Secondary Outcomes

Secondary Outcomes (end points)

Secondary Outcomes (explanation)

Experimental Design

We will take a randomized controlled trial approach, with a wait-list control group that will have access to the online educational program after both groups complete the follow up survey at the end of month 1.

Experimental Design Details

Not available

Randomization Method

Randomization will be done in Stata by PI.

Randomization Unit

Individual

Was the treatment clustered?

Experiment Characteristics

Sample size: planned number of clusters

Sample size: planned number of observations

Sample size (or number of clusters) by treatment arms

50 control, 50 treatment

Minimum detectable effect size for main outcomes (accounting for sample design and clustering)

Supporting Documents and Materials

IRB

Institutional Review Boards (IRBs)

IRB Name

Pepperdine Graduate and Professional Schools (GPS) Institutional Review Board

IRB Approval Date

2024-11-20

IRB Approval Number

24-09-2483

Analysis Plan