This study addresses the conceptual outlines of the financial capabilities of moth- ers. It examines how the perspectives and concepts of the capability approach can be utilized in outlining the relationship between motherhood and financial aspects. The aim is to develop conceptual tools for analyzing the choices and financial agency of mothers. This study emphasizes the methodological dimension using three elements: the capability approach, feminist economics and memory work. The main element of the study is the capability approach, which provides the perspective of the inquiry and the concepts for analysis. Feminist economics provides a definition of economy and a way to produce knowledge that deals with economic and financial aspects. Memory work offers an instrument for the collective gathering of research data. The study contributes to theoretical and conceptual discussions about capabilities as well as to discussions about developing professional social work practices for financial social work.
A conceptual framework is developed that outlines financial capabilities through the concepts of aspiration and capability set. The conceptual analysis is realized using the data provided by the mothers in the memory work group. In the analysis the mothers’ aspirations are characterized by responsibility, respectability, devotion to the child and the ideal of autonomy. Assets within the family, labor position of the mother and family benefits are analyzed to form the capability set of mothers. These elements of the capability set vary in their ability to achieve aspirations by enhancing wellbeing and agency in different intensities. The conceptual framework deepens understanding regarding the complexity and diversity of the financial choices as well as the financial agency of mothers. The study concludes with a reflection on how concepts related to capability can be utilized in social work and social work research.