When resources are scarce and socialsafety nets are weak, households' ability to manageincome and assets wisely may be an important determinant ofeconomic security. However, many open questions remain abouthow households in low and middle-income countries gain andexercise financial capability, and the best ways forgovernments and the private and nonprofit sector to helpincrease this capability. With the exception of a small butimportant number of studies that have recently beencompleted or are currently under way, robust evidenceregarding the efficacy of financial capability interventionsis relatively sparse compared to the level of interest andprogrammatic activity. One reason for this is a lack ofsystematic evaluation. The toolkit draws from pastexperience and the experience of the Russia FinancialLiteracy and Education Trust Fund pilot projects to provideconcrete and tangible examples for the reader thatillustrate the specific circumstances and challenges in thisfield. This toolkit is designed for researchers who areinterested in conducting an evaluation of a financialcapability program and for policy makers and practitionersinterested in commissioning an evaluation. It will also beuseful to evaluation researchers who want to brush up on aresearch technique they are less familiar with or who arenew to the area of financial capability and financialeducation, particularly in Low, and Middle-Income Countries(LMIC). This toolkit is intended to be a practical, hands-onguide to designing, conducting, and analyzing financialcapability evaluations, with a focus on doing so in LMICs.The toolkit covers a wide range of material on how todesign, conduct and analyze evaluations, material that isspread out over the 13 chapters that follow. The chaptersare contained within four overarching parts: setting thestage for monitoring and evaluation (M&E): understandingthe M&E process and concepts (chapters 2-3); conductingM&E for financial capability programs (chapters 4-7);collecting and analyzing M&E Data for FinancialCapability Programs (chapters 8-10); and other Issues inconducting M&E for financial capability programs(chapters 11-14).