Attitudees to money - what sign are you?

Research shows that most of us fall into one of five money attitudes - from those who like to plan financial decisions right through to those who tend to avoid them.*

Use the questionnaire to find out your attitude to money. Simply complete each question by selecting yes or no. Click on show results to read through the money attitude sign which fits you best - understanding your attitude to money may play an important part in the choices you make about your super.

* Money attitudes and retirement plan design: one size does not fit all, Pension Research Council, 2003.


Yes

No

1. 
Do you know how much of your income you require for your living expenses?
2. 
Are you putting away part of each pay to reduce your debt or increase savings or investments?
3. 
Are you paying off your personal debts, such as credit cards, as quickly as possible?
4. 
Do you know the income you need to save for your retirement?
5. 
Do you have a comprehensive budget?
6. 
Have you defined specific financial goals to achieve and know when you want to achieve them?
7. 
Have you prepared a plan to achieve them?
8. 
Do you review your financial goals regularly and measure progress towards them?
9. 
Do you have your financial goals for the short-term written down?
10. 
Do you have a savings account for your short-term financial goals?
11. 
Do you have a savings plan in place, (other than super) for your longer-term financial goals?
12. 
Do you know the value of your super and other investments?
13. 
Do you know if your investments are likely to keep pace with inflation?
14. 
Are your investments tax-effective?
15. 
Are your investments diversified (spread across a number of asset classes)?
16. 
Do you have a current Will?



Money attitude sign

The planner image
   
The planner
You like to plan properly and have specific ideas and goals for the retirement you want. You enjoy using information to make financial decisions and feel comfortable taking investment risks.
The up and coming planner image
   
The up and coming planner
Your attitude is similar to planners, but you are a little less confident or optimistic about your plans.
The doer image
   
The doer
You're interested in savings and personal finance, but don't have a strong interest in planning for your retirement. You adjust your lifestyle to suit your finances, but don't like taking risks with money.
The stressed avoider image
   
The stressed avoider
You find financial matters stressful and confusing. This anxiety puts you off doing something about saving for retirement - even though you know you should.
The live for today avoider image
   
The live for today avoider
Financial matters simply don't bother you. Enjoying today is more important than planning for tomorrow.

No matter what sign you identify with, you may like to speak with a financial adviser to help you to reach your retirement goals. Contact a Member Services Consultant on
1300 55 7586 to be put in touch with a financial adviser.

Assumptions

This tool is for educational purposes only and does not take into consideration your personal objectives, financial situation or needs. It is based on subjective questions rather than mathematical formulae. The results change depending on your opinions, attitudes and viewpoints.