What do your money decisions say about YOU? Take our quiz and 14 tips to help fix your finances.

According to The Sun: What does your attitude towards money say about you? Take our quiz to understand how your financial decisions can impact your material situation.

The questions in the quiz are taken from Monzo's new book – 'The Money Book', written by a team of banking experts.

This book is filled with useful tips to improve your financial situation, starting from how you manage your funds.

Monzo’s chief executive, TS Anil said: “Although money is one of very few universal human experiences, it often makes people feel awkward, anxious and uncomfortable. Just plain bad.'

“So bad that a third of 18-to 44-year-olds say they’d rather scrub a toilet than check their savings account.”

We offer an exclusive excerpt from the book that reveals the most helpful strategies to help you master your finances.

Quiz 'Money and Me'

I usually make decisions based on:

• My budget – a
• My mood – b

Feeling of monthly budget:

• Calming – a
• Restrictive – b

Checking my bank account:

• I manage my finances – a
• It causes stress – b

Changing banks for a better interest rate sounds like:

• Something I would do – a
• Quite a hassle – b

Contributing to retirement – I:

• Am already doing it – a
• Don’t want to think about it yet – b

Tracking vacation expenses with a partner:

• Fine – a
• A little anxious – b

Receiving a serious-looking letter from the bank, I:

• Open it immediately – a
• Delay opening it – b

Going into overdraft to buy matching sweaters for myself and my dog sounds like...

• A terrible idea – a
• Fun – b

Conclusion:

If you chose mostly a), it indicates that you make financial decisions based on facts, not emotions. You likely have a budget and a plan of action, as well as a backup for unforeseen circumstances. Everything is going in the right direction, but don’t forget to treat yourself occasionally.

If you chose mostly b), then your financial decisions are driven by instincts, and you enjoy the moment. This can bring joy, but don't forget to think about the future.

Fortunately, a little planning can make your spending less risky.

If your choices were mixed, it may indicate that you are adapting your style to changes in life: acting confidently in some areas but less so in others.

Fixing Finances

Here are 14 expert tips to improve your financial situation.

Use time to your advantage

Compound interest is your friend, inflation is the enemy. Understanding how these two factors affect your money will ease financial management.

Pay yourself first

Paying yourself first means that when you receive your salary, you should allocate funds for debt repayment, savings, and investments before spending on other needs.

Make your goals personal

Shape your goals as they will drive your financial decisions. Write them down to increase the chance of achieving them.

Adopt the envelope method

The envelope method is a simple way to effectively manage your cash. Label envelopes with expense categories and allocate planned amounts into them.

Secure your income for the future

Set aside part of your income for savings and investments to create financial security for the future.

Understand your bank balance

Regularly check your balance to track expenses and savings.

Control your spending

Review your spending and seek opportunities to save. Use comparison websites to save on bills.

This is a shortened excerpt adapted by Natasha Harding from 'The Money Book: How to Feel More Comfortable with Finances' by Monzo (Penguin, £10.99), which will be released on September 4, 2025.