What is your Money Personality?

Quiz Questions

• 1.
  Close your eyes, take a deep breath for the count of 5, then open your eyes. Choose the image your eye is immediately drawn to.

  • A.
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    A
  • B.
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    B
  • C.
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    C
  • D.
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    D
  • E.
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    E
  • F.
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    F
  • G.
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    G
  • H.
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    H
  • I.
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    I
• 2.
  Which answer best describes you? I plan how I spend my money...

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  • A.
    I find it easier to spend more money on others than on myself 
  • B.
    I rarely plan. I would say I am more spontaneous
  • C.
    Almost always and I am quite frugal with my spending habits
  • D.
    Yes that's me and I like to have a clear plan
• 3.
  It's time to buy food for the house. Do you:

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  • A.
    Start with a meal plan, then write a carefully constructed list 
  • B.
    Be tempted to pick up extras for other people whilst shopping
  • C.
    Buy only what I need in order to stick to my weekly spend budget 
  • D.
    I don't really think about the costs whilst I am shopping - I am driven to buy things that sometimes I don't really need
• 4.
  You receive an unexpected amount of money (Inheritance, bonus, tax refund). Woop! What do you do with the money?

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  • A.
    Get super excited about topping up your savings or investment pots for the future 
  • B.
    Treat yourself to that one thing you've been lusting after for ages. 
  • C.
    Treat the kids or your loved ones - they deserve it!
  • D.
    Hold onto the money for the feeling of safety that it brings 
• 5.
  Your friend calls to offer you a last minute ticket that's come up for a music concert. Do you...

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  • A.
    Say yes in a heartbeat! Well worth the cost!
  • B.
    Tell her you'll let her know (quickly go and check your balance)
  • C.
    Put her on mute while you ask your partner 37 times if they're "Sure sure... really sure? Shall I put the kids to bed first? Sure sure?"
  • D.
    Ask her what other costs may be involved (travel/food whilst there) before making a decision 
• 6.
  Your friends are planning a dinner out but you’re dangerously close to exceeding your budget for the month, do you:

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  • A.
    Luckily I have some fun money set aside for these type of occasions.
  • B.
    Go, but find ways to save some money whilst you are out (perhaps be selective of your food choice or share a taxi home to save money).
  • C.
    What do you mean ‘budget’? If everyone’s going out, I want to be there too. 
  • D.
    Decline, send my apologies and offer to host a dinner party next time instead.
• 7.
  You need to replace an item such as a car, new carpets or a new bathroom. Do you:

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  • A.
    Replace it and work out how you will pay it back later 
  • B.
    Buy it as you have already planned for this purchase with most or all of the money put to one side 
  • C.
    Continue to get the most use out of the existing one first (perhaps by delaying for as long as possible)
  • D.
    Replace it after carefully considering options with research based on value 
• 8.
  When it comes to making decisions about money you feel...

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  • A.
    I find it easy to make decisions based on what I want (I normally buy when I am feeling happy, sad, anxious or stressed) 
  • B.
    I find it easy to buy things for others but when I spend money on myself I feel guilty or not worthy 
  • C.
    I plan many parts of my life, including money with all good intentions but I often struggle with the action or follow through 
  • D.
    I am more likely to buy something based on the price when it may not be what I actually want or need 

Quiz Outcomes

• 1.
  The Spontaneous Relationship

  The Spontaneous Relationship This was me in my 20's so I totally relate to this relationship with money! Firstly, there is no right or wrong way to behave with money. Behind every financial situation is a set of beliefs, emotions and thoughts, many of which you may not even be aware of. Psychologists have concluded that over 90% of the decisions we make come from our subconscious mind. It is this that drives how you think, feel and behave with money. Your beliefs about money are shaped by messages you heard growing up around money, (or didn't hear about money) and can also be shaped by beliefs that have been passed down the generations that may not even be true! The spontaneous relationship with money is very focused on enjoying the moment. You tend to make decisions quickly, impulsively and often driven by emotions. On many occasions, you may be seeking internal happiness by seeking external validation. Impulsive purchases can bring you instant gratification and relief. You love to make a good impression! When you walk into a room, you like to dazzle! You’re always seeking the next career change, the next pay rise, the next opportunity to impress your friends. Your vision board may include nice cars, a bigger house, and VIP holidays. Not always but often your relationship with money may be driven with a desire to seek others approval or friendship. Benefits In your business and career, this is a super useful habit - you're the kind of person everyone knows will make a decision and get it done. You take risks that often pay off, and when they don't you put it all down to a learning experience and move on to the next thing. Money is not really a priority. You know that you need to get a handle on it, but your instinct tells you that everything will just work itself out. You're much more in your comfort zone when you're making quick fire spontaneous decisions than trying to make longer term 'planning' decisions. Challenges With your personal finances, however, you know this is having a real impact on your future (and sometimes present) security. Living for the here and now and enjoying the moment is great, but you also want to know that you'll be comfortable and this is often the after effect of being spontaneous is that you worry about having 'enough' money for your future. This may leave you feeling guilty and shameful of decisions that you may have made in the past. You may be a course junkie and be drawn towards the new shiny object, causing you to overspend and potentially go into debt.3 Tips to balance out your spontaneous relationship with money Tip 1: Take time to establish an emotional connection to your money. Use a vision board to create purpose and meaning behind money for the future. Relabel your savings pots with a new title such as, 'Anna's Financial Stability Fund." Tip 2: Give every pound a purpose - Take some time to look at your spending habits and imagine that every £ needs a job. Allocate each £ to a purpose (i.e £1000 to bills, £500 to Food, £75 to treats, £75 to your future freedom fund). Consider storing your money out of sight so that it is not so easy to access and automate your savings so that they happen without you having to think about it. Tip 3: Implement the 48 hour cooling off period to your purchases. Pause. Ask yourself do I really NEED this? Is it just going to bring about temporary happiness? Leave it in your shopping basket for 48 hours before checking it out which will give your brain the feel good feelings of adding it to the basket but not actually check it out to give your rational side of the brain the chance to consider the purchase. Bonus Tip to journal around: Bring some curiosity to the emotion you feel when you make spontaneous purchases. If you can identify the trigger (were you angry, stressed, bored) it can help you to bring conscious awareness, to then make better financial decisions or to do something different next time. How else could you create a feeling of happiness and purpose and fulfilment that does not involve money? In order to create a feeling of fulfilment/purpose/happiness, I could....(fill in the blank). Keep an eye out in your inbox for more tips! Join the FREE community! Money is 80% emotional and 20% practical. Catherine Morgan is on a mission to change the financial services industry from one of complicated financial products to one that helps educate in simple language with no financial jargon (and no suits!). She is a firm believer that "more women need to take back financial control and be financially resilient." Get confident with money, take control of your personal finances, change your money habits & make better financial decisions. Join this supportive group to discuss financial overwhelm, money management tips and accountability. You’ll learn loads of practical tips, led by a qualified financial adviser!
• 2.
  The Future Planner Relationship 

  What a wonderful relationship with money you have. Firstly, there is no right or wrong way to behave with money. Behind every financial situation is a set of beliefs, emotions and thoughts, many of which you may not even be aware of. Psychologists have concluded that over 90% of the decisions we make come from our subconscious mind. It is this that drives how you think, feel and behave with money. Your beliefs about money are shaped by messages you heard growing up around money, (or didn't hear about money) and can also be shaped by beliefs that have been passed down the generations that may not even be true! Benefits The overriding motivation for you is about planning with intention. You think often about the future and worry about being comfortable. This dominates most of your financial decision making. This is hugely beneficial and I bet you also plan other areas of your life too, am I right!? You often have a strong sense of order and bring organisation to your finances with more ease than others. You may already have a budget in place. You feel better with money by having more order and this gives you a sense of control and peace of mind. Challenges When it comes to money because you act with intention, sometimes, do you find that the intention just isn’t enough and you struggle with the follow through? This can leave you in an endless cycle of worrying about the safety and security of your future and frantically planning for it? This consequently can mean that you are less likely to take risks, perhaps even hoarding money in cash and not taking risk with investing money. The risk of this is that your money may not grow as well and could be effected by inflation. This is a very common challenge for those with a strong bias towards planning. Sometimes being so concerned with planning ahead also means you don't leave enough for enjoying your life now. You perhaps may feel guilty or shameful to spend money in the moment, leaving you missing out on opportunities. Or maybe you've been meaning to get started with investing for a while now but you're fearful... 3 Tips to balance out your planning relationship with moneyTip 1: Ask yourself whether your plan is what you really want or is it being driven by what you think you should have based on the judgement of others? Tip 2: Create a 'spontaneous' pot to give yourself permission to have some spontaneous fun with some of your money Tip 3: Take some controlled risks. Understand how to start making your money work harder for you so that you can create more long term wealth or a legacy for your family. Keep an eye out in your inbox for more tips! Join the FREE community! Money is 80% emotional and 20% practical. Catherine Morgan is on a mission to change the financial services industry from one of complicated financial products to one that helps educate in simple language with no financial jargon (and no suits!). She is a firm believer that "more women need to take back financial control and be financially resilient." Get confident with money, take control of your personal finances, change your money habits & make better financial decisions. Join this supportive group to discuss financial overwhelm, money management tips and accountability. You’ll learn loads of practical tips, led by a qualified financial adviser!
• 3.
  The Selfless Giver Relationship 

  You are the selfless giver! Firstly, there is no right or wrong way to behave with money. Behind every financial situation is a set of beliefs, emotions and thoughts, many of which you may not even be aware of. Psychologists have concluded that over 90% of the decisions we make come from our subconscious mind. It is this that drives how you think, feel and behave with money. Your beliefs about money are shaped by messages you heard growing up around money, (or didn't hear about money) and can also be shaped by beliefs that have been passed down the generations that may not even be true! The selfless giver relationship with money is in your DNA. You have a nurturing instinct and just want to help everybody, which really is a beautiful trait. But it's also really important that you don't let that get in the way of you earning money, valuing your worth or not valuing yourself as much as you value others. Benefits You are often non materialistic and take pleasures in the simple things in life. You are often seen as someone with high values and morals and may perhaps work in a caring profession. Challenges You may find it hard to value your time, perhaps giving it away freely and then resenting it afterwards or going into burnout in an attempt to help others over yourself. You may get frustrated when others are not so giving of their time or thoughtfulness so feel despondent when it is not returned. You may be undercharging for your services if you are in business and therefore having a negative detriment to your own financial security. Think about the impact that your work could have on the world. Time is one thing that you cannot buy more of so be mindful of what you give away for free. 3 tips for you to help you balance out your giving relationship to moneyTip 1: Set up a 'self-care' or 'treat fund' for yourself. Set up a standing order for a small gift to yourself each month. Under Parkinson’s law, mental accounting means that you’re more likely to feel good about this pot as you’ve give it a specific purpose. This follows one of my golden rules...give every pound a purpose! You deserve a treat or two as much as anyone else.Tip 2: Could you give in other ways that don’t involve money? Rather than a charitable donation for example could you give some of your time?Tip 3: Over giving to others may be fuelling the recipients sense of self responsibility. How could you limit this? Questions for you to journal around: Think about creating strong boundaries for yourself and your own needs. Could you say 'not right now' to something rather than just yes or no? What are your needs? Are you giving so much that you are removing the recipients responsibilities? What are you attempting to feel by giving? Join the FREE community!Money is 80% emotional and 20% practical. Catherine Morgan is on a mission to change the financial services industry from one of complicated financial products to one that helps educate in simple language with no financial jargon (and no suits!). She is a firm believer that "more women need to take back financial control and be financially resilient." Get confident with money, take control of your personal finances, change your money habits & make better financial decisions. Join this supportive group to discuss financial overwhelm, money management tips and accountability. You’ll learn loads of practical tips, led by a qualified financial adviser!
• 4.
  The Playing Safe Relationship 

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  You have a 'Playing safe' relationship with money. What a wonderful relationship to have! Firstly, there is no right or wrong way to behave with money. Behind every financial situation is a set of beliefs, emotions and thoughts, many of which you may not even be aware of. Psychologists have concluded that over 90% of the decisions we make come from our subconscious mind. It is this that drives how you think, feel and behave with money. Your beliefs about money are shaped by messages you heard growing up around money, (or didn't hear about money) and can also be shaped by beliefs that have been passed down the generations that may not even be true! The playing safe relationship with money means that your first thought when it comes to money is about having enough. Feeling safe and secure. You dislike making decisions that rock the boat as this makes you worried about the greater impact. You may well have everything on auto pilot with standing orders set up for savings plans. You can be a little bit suspicious of money making ideas and prefer to play the safe game. You often are considered by your friends as frugal and perhaps the friend who finds the good deals and bargains. But you seldom take risks which may threaten any feeling of security. Benefits You are rather conservative in your approach to money. You may deposit your money into high interest savings accounts, premium bonds and 'safe' investments. You are likely to have a good idea of your financial situation which puts you in control and ahead of many people in comparison as you have good awareness. Challenges You struggle to find money to enjoy in the moment. You may find that job satisfaction is low as you find it challenging to find the courage to ask for a pay rise or to get visible in your business. 3 Tips to balance out your playing safe driven relationship with money Tip 1: Create a 'fun' pot of money to give yourself permission to take some risks relative to your goals. Set this up as a separate savings account. Tip 2: Think about ways to stretch your financial comfort zone. Could you take a course to understand how to invest for long term wealth creation and legacy creation rather than storing money in cash? Could you decrease the amount of money in your bank account by a small amount each month and have some fun money instead to do things that make you feel happy? Learn a new skill? Tip 3: Give yourself permission to say yes more to opportunities at work or in your business. Map out your worst case scenario so that you can work through the real fear. Work on increasing your confidence and self worth which in turn will increase your net worth. Bonus Question to journal around: What does financial security mean to you? How much money would you need to have to be financially secure? Is it as much as you think? Keep an eye out in your inbox for more tips! Join the FREE community! Money is 80% emotional and 20% practical. Catherine Morgan is on a mission to change the financial services industry from one of complicated financial products to one that helps educate in simple language with no financial jargon (and no suits!). She is a firm believer that "more women need to take back financial control and be financially resilient." Get confident with money, take control of your personal finances, change your money habits & make better financial decisions. Join this supportive group to discuss financial overwhelm, money management tips and accountability. You’ll learn loads of practical tips, led by a qualified financial adviser!