The BBC Lab UK’s Big Money Test explores the link between money behavior and personality. Its aim is to test the theory that how we manage our emotions under stress affects how we manage our money. Maybe what’s most interesting, is its finding that a person’s education has little bearing on their ability to make sound financial decisions.
The test found that people generally fit into one of five archetypes:
misers fear becoming penniless and have trouble enjoying the benefits of their money
spenders shop in an often uncontrolled manner, particularly when feeling low – and get a short-lived high, often followed by guilt
tycoons see money as a route to power and approval, and believe wealth will make them happy
bargain hunters feel superior when they get discounts, and feel angry if expected to pay full price
gamblers feel exhilarated when taking chances, and find it hard to stop – even when losing – as a win brings a sense of power.
You can only do the test if you have a BBC login, but the link is here Big Money Test