Take a financial psychology test

Scottish Widows have launched a psychological profiling test to help consumers determine understand their attitude towards money.

Recent research has shown that, despite warnings over rising debt levels, Britons are both saving less and spending more.

According to a survey undertaken by Scottish Widows, the percentage of Britons setting aside an adequate sum for retirement dropped 9 per cent to 46 per cent in 2006.

At the same time, it was found that 42 per cent of households were carrying over credit card debt from the previous month and 23 per cent had some kind of overdraft.

Mike Hoban, customer & brand marketing director at Scottish Widows, says: “The Personality Profiler is based on a recognised profiling system and is a genuine attempt to help people understand why they behave as they do with their money”.

He added that the recognition and acceptance of the motives behind financial behaviour is essential to effectively manage money.

To take the test yourself and perhaps gain the extra motivation you need to look for the best savings account or mortgage rate, visit:

www.scottishwidows.co.uk/personalityprofiler.

© Adfero Ltd

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