Clinical trial Recruiting at 1 site Interventional

FinSoc: five-session financial social work program for families with complex money problems

Official title: A Financial Social Work Intervention for Families With Complex Financial Difficulties - A Randomised Controlled Trial

Run by University of Turku · NCT07084389 · Data updated 2026-11-12

This program will test whether five sessions with a trained social worker can help families with children who are struggling with money by reducing anxiety and improving budgeting skills.

Quick facts

Study typeInterventional
SexAll
Enrollment136 (estimated)
SponsorUniversity of Turku
Academic / other
Locations1 site (Turku)
StatusRecruiting
StartedJuly 1, 2025
Main results expectedOctober 30, 2026
Study endsOctober 30, 2026
Registry record updatedAugust 19, 2026
Trial IDNCT07084389 on ClinicalTrials.gov

Is this trial a fit for you?

Likely a good fit

Ideal candidates are families with at least one minor child who are current clients of child, family, or adult social work in Finland and have recently had trouble paying bills, meeting basic needs, lack financial skills, or feel money-related anxiety, and who can commit to the five sessions.

Probably not a fit

Families facing an active crisis that prevents engagement, those not served by participating social services, or households without a child residing at least half the time are unlikely to benefit from this intervention.

A plain-English reading of the study's rules. Only the study team can confirm whether you qualify.

What this trial studies

This randomized controlled trial in Finland will randomly assign families receiving social services to the FinSoc program or to usual social work services. FinSoc delivers five sessions with a trained social service professional focusing on budgeting, financial decision-making, emotions around money, and family communication about finances. The intervention aims to reduce financial anxiety, increase financial knowledge and confidence, and help families set realistic goals. Outcomes will compare changes in financial self-efficacy, behavior, and well-being between the intervention and control groups.

Why it matters

Potential benefit: If successful, FinSoc could lower families' financial stress, improve budgeting and money-management confidence, and help parents better provide for their children.

How similar studies have gone: Similar social-work-led financial coaching and literacy programs have shown modest gains in financial knowledge and self-efficacy in prior studies, but high-quality randomized evidence remains limited.

Who can join: the full rules

Show full inclusion / exclusion criteria
Inclusion Criteria:

* Client status in child welfare services, family social work, adult social work, assessment of the need for services, health social work, and financial social work
* Within the past six months, the client has brought up one or more of the following challenges in managing their finances during their contact with social services: (1) Difficulties paying bills, housing-related expenses, or repaying debts on time, (2) Difficulties meeting the basic needs of family members (e.g. food, medication, clothing) (3) A perceived lack of sufficient knowledge, skills, or competence to manage financial matters (4) Feelings of anxiety or stress related to financial situation.
* There is at least one underage child in the family. In cases of shared custody, the child must reside in the household for an average of at least half of the time in each calendar month.

Exclusion Criteria:

* There is an ongoing crisis or life situation in the family that, in the assessment of the social worker, prevents commitment to the intervention process.
* There is an active criminal proceeding within the family.
* The parents do not speak Finnish (all project materials are in Finnish, and there are no resources available to provide translations into other languages).

Where it's running

  • University of Turku
    Turku, Finland
    Recruiting

Study contacts

Similar studies

Other studies for the same condition or treatment. Recruiting studies are listed first.

How to take part

  1. Review the eligibility criteria above with your treating physician.
  2. Check the official listing on ClinicalTrials.gov for the latest contact details and recruitment status.
  3. Contact the study coordinator or principal investigator to ask for pre-screening. Pre-screening is free and never obligates you to enroll.
Last reviewed 2026-11-14 by the Find a Trial editorial team. Information on this page is for educational purposes and is not medical advice. Always consult qualified healthcare professionals about clinical trial participation.