Take this 8 question quiz and find out. 

Most educators agree that it's critical for students to understand their relationship with money. Remember that the first word in personal finance is PERSONAL. We can all think of situations where we knew what the "right" money decision was but chose a different path. That explains why many teachers choose to begin their course with a unit focused on behavioral economics so students immediately grapple with the psychology behind their money decisions. 

Here's a quiz from Brad Klontz that can get students reflecting on their money personalities. It's an 8 question quiz with results that classify people into one of 4 belief categories: money worship, money avoidance, money vigilance and money status. 

Here's a sample question:

After students complete the questionnaire, here's a few reflection questions:

• Which of the money belief categories did you score highest in? lowest in? 
• Did the results match what you believe about your attitudes about money? 
• Do you think it's possible for people to change their money beliefs? If so, how would one go about making this change? 
• Who do you think has impacted your money beliefs? 

------------------------

Two opportunities to hear Brad Klontz on the NGPF Podcast and on the Hidden Brain podcast: Rewrite your money story 

------------------------

 Fascinated by the psychology of our money decisions? NGPF offers two courses on the topic, Psychology of Money and Behavioral Economics. Sign up for these FREE! courses which begin on June 6th. 

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

More posts by Tim