Turns out, being good with money may have little to do with how much you know about compound interest or how good you are at math. Most people’s financial decisions are strongly influenced by how they view time and if they are more focused on the past, the present or the future, according to a new study by psychologist Philip Zimbardo and MagnifyMoney.com, a financial comparison website. Take the quiz below to find out more about how you view time and what that means for your wallet.
I often think of what I should have done differently in my life.
The past has too many unpleasant memories that I prefer not to think about.
I do things impulsively.
When listening to my favorite music, I often lose all track of time.
If things don't get done on time, I don't worry about it.
When I want to achieve something, I set goals and consider specific means for reaching those goals.
Familiar childhood sights, sounds, smells often bring back a flood of wonderful memories.
It gives me pleasure to think about my past.
I take each day as it is, rather than try to plan it out.
Things rarely work out as expected.