Sub-Problem 6.

Proposed Intervention Program

Title of the Program: FREE: a Financial Resilience a day keeps the Emotional Exhaustion away.

Description of the Program: The objective of this webinar program is to provide students with a better
understanding of the topic of personal finance, so that they worry less about money and live more. This
webinar series by an independent financial expert provides a stable mindset and financial tricks to handle
unforeseen expenses and risk. This is an online program that focuses on sound financial principles to reduce
stress when it comes to personal finance. It will provide step-by-step instruction, live examples, and a thorough
Q&A session at the end.

Rationale: Financial stress has taken an international toll on students' mental well-being with serious
emotional consequences. These undesirable circumstances combined with health-related fears and uncertainty
towards future have brought a wave of negative feelings including frustration, tiredness, anxiety, stress,
depression, and anger to students of all academic levels across the world. Typically, anger results in the
consumption of energy, which is associated with emotional exhaustion. Emotional exhaustion, as defined by
the Maslach Burnout Inventory (MBI), is a symptom of high stress. A study performed on college students in
Singapore reflected that the main causes for emotional exhaustion are stress and not only financial problems
but also other academic, social, and family related concerns. Emotional exhaustion makes it difficult to put
effort into your daily tasks and leads to inefficiency at school. The researchers investigated how financial
problems can be related to emotional exhaustion among third-year college students and according to the data
gathered from our research, students experience a moderate level of financial stress enough for them to
experience emotional exhaustion. In addition, colleges are not preparing students for the financial problems
they will face after graduation. Most colleges do not offer a financial literacy course where students can learn
how to be financially literate. As a result, many students find themselves unprepared to handle the confusing
and difficult world of finance outside of school.
On the other hand, the COVID-19 outbreak shed new light on the limited financial resilience of individuals,
households, and businesses. While financial resilience is related to a range of economic and financial factors,
money management and planning are also crucial elements to weather financial stress. Coping with financial
stress means having the skills and resources to devise both short-term and long-term strategies. Facing an
unexpected loss of income or unplanned expenditure requires the ability to manage day-to-day finances, to
make ends meet on low income, or to draw on immediately-available resources. At the same time, financial
resilience requires planning ahead and putting in place preventive strategies, including long-term saving and
insurance. A study recently conducted at a university found out that those students who were considered
resilient demonstrated lower levels of emotional exhaustion than other participants. Evidence suggests that
students who are financially resilient, and therefore less likely to report emotional exhaustion due to stress, are
more likely to complete their degree faster and graduate
If you have financial resilience, you can focus on building your future with hope, rather than worrying about
your financial future. So, we have created a powerful webinar program that focuses on having partners get to
an emotionally resilient state through the power of honest conversations about money. This webinar program
offers guidance on how to withstand all the economic and emotional pressures in life, plus the education and
empowerment needed to bring you back to balance even when life is out of order.

These webinars will provide an opportunity for students, teachers, school administrators, parents, researchers,
practitioners, and other stakeholders to share experiences and discuss how financial literacy and education can
support students’ financial resilience in times of crises and beyond. Financial resilience helps us stay in control
of our money and emotions, no matter what life throws at us. It is the key to living a life that we value and
enjoy.

Activities:
In order to ensure we can present the audience with the best possible webinar experience, they will be taken
though a few steps to complete their registration.
Then on the day of the webinar, researchers will prepare ice breakers and small games before starting the
program. This will make the audience more engaged, and they will be more inclined to listen to and finish the
webinar.
The speaker will address the potential causes of emotional exhaustion focusing on financial stress and
difficulties as well as discuss how financial resiliency helps to avoid feeling emotionally exhausted.
After the discussion, the audience will have the chance to ask the speaker questions that will also be answered
right away.
After the Q&A session, the researchers will provide a link to a Google Form for the audience to answer. We will
consider their feedback and observations on the recent webinar. This will also act as their attendance for the
certificates that we have prepared.

Intended Output: After attending the webinar, the students should be able to start their journey in being
financially resilient and literate. This will also give them knowledge and awareness of how they will handle and
cope with emotional exhaustion. They will be able to practice and execute effective strategies to avoid being
financially stressed and prepare for future financial struggles and challenges.

Organization for Economic Co-operation and Development, 2020. Financial Resilience and Financial Literacy:
Covid-19 Crisis and Beyond. https://www.oecd.org/financial/education/oecd-financial-resilience-webinar-
series-presentations-5-nov.pdf.
Lee PT, Loh J, Sng G, Tung J, Yeo KK. 2018. Empathy and burnout: a study on students from a Singapore
institution. Singap Med J.