Activity: Financial Personality Quiz

7
CHAPTER
activity - financial
personality quiz
Instructions for Teachers
1
Print one copy of the Financial Personality Quiz (see Template: Financial Personality
Quiz) per student. The document has two pages - the quiz on page 1 and the assessment
of their answers on page 2.
2
Tell students they’re going to complete a quiz that will help them to find out how they
think about and act with money. They need to listen carefully to each question and the
multi-choice answers. Tell them not to complete the answers before you finish reading
each one.
Financial Personality Quiz - template
Circle or highlight the answer (a, b or c) that
1
best indicates your thinking.
Income wise, I think people should:
a rely on Government to give them money
b earn some and be given some
c
work for all their money.
2. Money wise, I tend to:
a save it all for a future goal
b spend everything I have
c
save some and spend some.
3 When I have money I like to:
a. spend it all on myself
b. give it to others who need it
c spend what I need and give some to others.
4 When I think about how I use my money:
a I only think about what I want now
b I think about what money I will need in the future
c
I don’t really care about money.
PREP Teaching Guide
Chapter 7 Activity: Financial Personality Quiz
1
7
CHAPTER
3
Hand out the Financial Personality Quiz to each student with page 1 facing up.
4
Read each question followed by the three multi-choice answers. Adjust the vocabulary
to suit your students’ ability levels.
5
For each of the 10 questions, students should circle a, b, or c according to the answer that
best fits how they think or is most like them.
6
Ask students to turn the page and copy their answers into the table to see how many
points they have scored. Recording names is optional.
Assessing Your Financial Behaviour
1 Name:
up the numbers
2 Circle your answer from the choices you made in the questionnaire. Total
in your circled scores.
5c
5b
5a
4c
4b
4a
3c
3b
3a
2c
2b
2a
1c
1b
1a
2
3
1
2
3
1
3
2
1
3
1
2
3
2
1
6a
6b
6c
7a
7b
7c
8a
8b
8c
9a
9b
9c
10a
10b
10c
2
1
3
1
2
3
2
3
1
3
2
1
3
2
1
7
Get students to plot their score on the spectrum line and write the score beside the mark.
8
From the words in the spectrum get students to write a sentence that they think best
describes their financial behaviour and personality. For example: “I am good with my
money. I have a pretty responsible financial personality”. 9
Ask students to think about their personal financial goals using what they’ve learned from
taking the quiz. Get them to write out their personal financial goal/s in the box provided.
10 Note: the results of this test will give students some interesting information.
However, no behavioural test is perfect. If the results seem wrong to them, students
should use their own instincts and common sense to make financial decisions.
11 Use the commentary in the Financial personalities and behaviours box at the
bottom of the Assessing Your Financial Behaviour section as a springboard for
follow-up discussion with students.
2
PREP Teaching Guide
Chapter 7 Activity: Financial Personality Quiz
7
CHAPTER
Assessing Your Financial Behaviour – exemplar
Assessing Your Financial Behaviour
1 Name: Rory Mackay
2 Circle your answer from the choices you made in the questionnaire. Total up the numbers
in your circled scores.
1a
1b
1c
2a
2b
2c
3a
3b
3c
4a
4b
4c
5a
5b
5c
1
2
3
2
1
3
1
2
3
1
3
2
1
3
2
6a
6b
6c
7a
7b
7c
8a
8b
8c
9a
9b
9c
10a
10b
10c
2
1
3
1
2
3
2
3
1
3
2
1
3
2
1
Continuum
Score Line
I don’t understand money and
my responsibilities with it.
10
I have a limited understanding
of money responsibilities.
15
I am developing a responsible
financial personality.
20
I have a responsible financial
personality.
My Financial goals
Present for Mum’s birthday
24
25
30
3. Write your score on the vertical ‘Continuum’ line below:
4
From the words in the continuum to the left of the score line, write a sentence you think
best describes your financial behaviour and personality:
I am good with my money and I have a responsible financial personality. 5
Think about your personal financial goals. Using what you’ve learned, write your personal
financial goal or goals in the box provided.
6
Note: the results of this test will provide you with interesting information. However, no
behavioural test is perfect. If the results seem wrong to you, use your own instincts and
common sense to make financial decisions.
PREP Teaching Guide
Chapter 7 Activity: Financial Personality Quiz
© Young Enterprise Trust 2015
Doc. ID PREP-028-1
3