This test is developed by Temida foundation and external psychologists.
What’s your money mentality?
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1
Speaking of money, which of the following statements applies you the most?
| I’m always concerned with what is the amount of money that I have, and I will never spend on things I cannot afford. | |
| Being materialistic is not a good thing – there is more to life than the endless pursuit of wealth | |
| Money is important to me, because all of my problems would be solved if I had more money. | |
| Money is for spending – and if you want to win big, you have to risk big. |
2
Do you often take risks?
| No, in general, I like to play safe and live peacefully. | |
| Well, life is for the brave – there is no luck without some risk to make it fun. | |
| If I know that I am going to have substantial gain for it, I might go for it, maybe… | |
| I have done it in my life couple of times, sometimes. |
3
How do you shop, generally speaking?
| I like shopping, and who doesn’t? It boosts my mood and I like new things. | |
| I only shop for myself when I really need it, I hate malls. | |
| I look for good deals or discounts, and I fix things when they break. I try to be smart about spending. | |
| I will gladly shop things I cannot afford at the moment, after all I want the best in life. |
4
What do you usually do to get money when you are in need?
| I work hard for it, and I always rely mostly on myself when it comes to earning money. | |
| I save and look for discounts or deals, even on the Internet sometimes. | |
| Well, I ask a friend or a close relative for help if I really cannot afford it myself. | |
| I take a quick credit so I can get money faster and not rely on other people. |
5
What is your favorite money mantra?
| Work hard, play hard | |
| Money makes the world go round | |
| Money can’t buy happiness | |
| Time is money |
6
What would you do if you won big from the lottery?
| I would save and invest it smartly to make sure it lasts. | |
| I would get me a good life, and I will live my dreams to the fullest. | |
| I would buy me a big house, nice car, good clothes and not worry about things anymore. | |
| I would share it with my family and make sure we all do good, that’s the most important. |
7
Do you like buying second-hand or used stuff?
| Well, if they are a good deal, why not? | |
| I do, I often buy a lot of things from second-hand stores and I enjoy finding nice stuff there. | |
| Well, sometimes, if I cannot afford or fix some things of my own. | |
| No, not really, I prefer new things that nobody else has used before, it’s a principle of mine. |
8
In your home, do you do things that save you money on a daily basis?
| Of course! I switch off the electricity, I close the doors, turn the heating only when it’s really cold, etc. | |
| I don’t live so extravagantly, so I only use what I need to keep my bills reasonable. | |
| Not really, I mean I use what I use and I hope I can pay my bill at the end of the month. | |
| Yes, I do – I buy cheaper despite the quality sometimes |
9
Do you have a set budget, or do you somehow keep track of what you spend each month?
| Yes, I do, I have a place where I write down everything and keep track of what I spend. | |
| Not really, but I have a picture in my mind and I guess I know how much I spend. | |
| No, I just go with the flow and hope I don’t spend it all before the end of the month. | |
| No, but I have a plan of how much I want to make so I can live better in the future, and I am trying to get there. |
Mostly AN – Anxious money mentality
Those with an anxious money mentality are obsessed with money and can be uber frugal or even money
hoarders. In general, to some extent you are always or too often concerned with money, matter how
much or little you have. An anxious money relationship comes from a scarcity mentality, either learned
from others or from your personal experiences in the past.
hoarders. In general, to some extent you are always or too often concerned with money, matter how
much or little you have. An anxious money relationship comes from a scarcity mentality, either learned
from others or from your personal experiences in the past.
Signs you have this money relationship:
- You’re always thinking about money
- You are a crazy fan of couponing and bargain hunting
- You constantly have pains and complaints about your money situation (whether real or perceived)
Your pros & cons:
Thanks to your money vigilance, you always have a little something in the bank, perfect for when
emergencies strike. You are a great negotiator and are able to hunt the best deals to your maximum
advantage. However, those with an anxious money relationship often avoid risking their money, even
when it could be good for their long-term growth.
emergencies strike. You are a great negotiator and are able to hunt the best deals to your maximum
advantage. However, those with an anxious money relationship often avoid risking their money, even
when it could be good for their long-term growth.
How to Make This Relationship Work for You:
Set rewards for yourself for when you achieve your financial goals. Learn how to splurge guilt-free, so
you can lessen your financial anxiety. Also, make a plan that can provide security when unforeseeable
circumstances strike – such as insurance and estate planning – to enjoy your peace of mind.
you can lessen your financial anxiety. Also, make a plan that can provide security when unforeseeable
circumstances strike – such as insurance and estate planning – to enjoy your peace of mind.
Mostly AV – Avoidant money mentality
Avoidant attachment types typically evade making financial decisions and avoid confronting their
financial problems. For them, it is difficult to face problems directly, as they prefer to let them go on and
let time or other people take care instead of claiming responsibility.
financial problems. For them, it is difficult to face problems directly, as they prefer to let them go on and
let time or other people take care instead of claiming responsibility.
Signs you have this money relationship:
- Not paying bills on time
- Ignoring statements and other financial documents
- Having little to no emergency fund or retirement savings
- Constantly receiving late payments and overdraft fees
Your pros & cons:
Those who avoid dealing with their finances often do so because money isn’t high on their priority list.
However, on one hand not being materialistic is a good thing, but eventually, your lack of financial
planning will catch up with you with bad implications for your well-being.
However, on one hand not being materialistic is a good thing, but eventually, your lack of financial
planning will catch up with you with bad implications for your well-being.
How to Make This Relationship Work for You:
You don’t have to become a money-making machine to get your financial act together. If you’re just not
interested in finance management, consider outsourcing the service to an accountant, a money coach,
or just even ask a friend who has some experience. In this case, our course is just right for you! We make
money management easy and will help you master the basics so you have more resources to enjoy the
things that matter most.
interested in finance management, consider outsourcing the service to an accountant, a money coach,
or just even ask a friend who has some experience. In this case, our course is just right for you! We make
money management easy and will help you master the basics so you have more resources to enjoy the
things that matter most.
Mostly AB – Abundance money mentality
You’ve likely been a “spender” your whole life, haven’t you? People like you enjoy the thrill of a good gamble, and they are the risk-takers of the world. For you, winning big is about risking big, and generally, you believe that good karma will eventually return any money you spend will eventually come back to you.
Signs you have this money relationship:
- Living without a strict budget (or any budget at all)
- You make impulsive money decisions/li>
- You really enjoy shopping
- You are a risk-taker and a gambler at heart
Your pros & cons:
People with an abundant money mentality have a high tolerance for risk. They search for ways to grow their income rather than collect and hoard money, and they enjoy shopping so they want to make more money to afford everything their heart desires. However, they are brave risk-takers and may tend to gamble, so they could easily lose a lot of money.
How to Make This Relationship Work for You:
You’re not afraid to take big leaps, which could mean serious earnings for you in the future. Just be sure to combat risk with a healthy dose of due diligence on any future investments, business ventures, or big purchases. You need to learn how to save, and we can help you do just that!
Avoidant attachment types typically evade making financial decisions and avoid confronting their financial problems. For them, it is difficult to face problems directly, as they prefer to let them go on and let time or other people take care instead of claiming responsibility.
Mostly WO – Worship money mentality
For you, money makes the world go round! It is the most important thing after all, right? In case you completely agree that the more money you own, the better you are at life, you have the precious money mentality that is so common in countries like America nowadays.
Signs you have this money relationship:
- You correlate net worth with self-worth
- You are very competitive, and even sometimes envious when it comes to financial success
- You have a certain expectation for your quality of life, preferring certain brands and lifestyles.
Your pros & cons:
Many hustlers of the world have a money worship mentality. For you, It can be very easy to develop a life of living above your means, and who will complain if they had more money, right? However, you are a person who truly values money, and you likely know you have to put in the work to get more of it. That is why you often feel like your whole life revolves around making more money to get what you want, and there never seems to be enough. You need to learn how to be smart about it, and get more time to breathe easily and relax without chasing anything.
How to Make This Relationship Work for You:
You have to learn how to overcome your gluttony and your generosity, breathe more calmly and relax without pursuing goals for nothing. Try to enjoy intangible things – beautiful scenery, a spontaneous and kind gesture from a friend / your family.
Discover the other categories
• Mostly AN – Anxious money mentality
• Mostly AV – Avoidant money mentality
• Mostly WO – Worship money mentality
• Mostly AB – Abundance money mentality