Money Bias Quiz: Which Biases Cost You?
A quick self-check of seven cognitive biases that quietly cost people money, with a one-line defence for the ones that sound most like you.
I hold on to a losing investment because selling would make the loss feel real.
I keep paying for things I no longer want because I have already spent so much.
A “was $200, now $99” tag makes me feel like I am getting a bargain.
I would rather spend money now than put it toward something bigger later.
I have bought something mainly because everyone else was buying it.
I make money decisions based on how things went very recently.
I splurge “found” money like a refund while budgeting hard on my salary.
Questions
What is a cognitive bias?
A systematic mental shortcut that can lead to predictable mistakes, including with money. Everyone has them, experts included.
Is this a real psychological test?
No. It is a light self-check based on well-documented biases, meant to prompt reflection rather than diagnose anything.
How do I fix these biases?
You cannot delete them, but you can design around them with rules and automation. Each result comes with a one-line defence to try.