BBC Money Test

[Gob]

The Big Money Test

Discover your complex relationship with money and get personalised video results from money saving expert Martin Lewis.
•Takes 20 minutes to complete
•Contributes to groundbreaking science
•Reveals how to make your money go further


Everyone is talking about money and finances at the moment, from government spending cuts to the boom in demand for risky ‘pay day loans’.

Britain is only just starting to recover from the ‘credit crunch’, one of the most momentous financial crises of modern times, and making ends meet is becoming increasingly difficult in this tough economic climate.

Dealing with debt?

The amount of personal debt held by people in the UK is still at record levels. It has risen inexorably since the 1980s, when relaxation of the rules made lending and borrowing far easier than ever before.

Unfortunately, the rise in debt hasn’t been equally matched with success in educating people about how to manage their money better. It’s not that efforts haven’t been made – successive governments have introduced measures to improve our knowledge of money matters. Rather, the message doesn’t seem to be getting through.

So if simply telling people what APR means, or how to read a bank statement isn’t particularly effective, then something else must be going on. But what?

Managing your money better?


Sometimes we make irrational spending choices even when we know betterPsychologists believe that many more factors than just how much we know come into play when we make decisions about money. They are interested in looking at our emotions, attitudes, beliefs and motivations, as well as our money habits, access to information and all round financial know-how.

That’s why we’ve created the Big Money Test, which we hope will be the biggest ever study of how good we, as a nation, are with our money. By taking part in this test, you will be helping scientists understand the multiple factors that make up our complex relationship with money.

We hope that this research – and the data you contribute to it – will ultimately lead to more effective ways of educating people about how to manage their money better.

The Big Money Test was designed by Professor Adrian Furnham of University College London and Professor Mark Fenton O’Creevy of the Open University. To find out more about what they would like to learn from the test, follow the links below.



Take the test.


Currency Converter.

[The Hen]

This test is far too UK-centric.

Not only did it take me about 10 minutes to complete the first test, I have to keep looking up the fucking acronyms to know what the eff the question is on about.

What is a "cash ISA"?

No wonder Berard Black sorted socks.

[The Hen]

Without looking up what kind of coverage a European Health Insurance Card gives you, how am I meant to answer a question about what kind of coverage a European Health Insurance Card gives you?




Options given include "Free hospital", "free prescriptions" or "treatment at the same cost a local would pay". all of which could be the answer as far as I'm concerned.

[oldr_n_wsr]

the boom in demand for risky ‘pay day loans’

When I worked at the beer distributor in Bedford Styvesant, I used to make "pay day loans" to fellow workers. I did not gorge them on interest, 0-4% depending on the amount of the loan.(mortgage rate at the time was above 10%) I was single and always had some extra money and these guys always had kids to support (and actually tried to support them).

And of course I reported that extra income on my 1040.