Why are we so emotional about money?

April 21, 2011 last updated at 01: 52 GMT by Megan lane BBC News Magazine the US has UK downgraded its debt, inflation suddenly falls, rising interest rate of the euro area and stabilized growth rate of China's. Are ordinary people all over the world confronted with a wide range of news from the economy, but their decisions on money really are feeling?

Money is emotional. Debt sparks ensure. A windfall is exciting. And many people dose up on retail therapy, shopping feel better.

"People ask what emotions are most commonly associated with money, and this is the rank ordered list: anxiety, depression, anger, helplessness, happiness, excitement, envy, resentment," says psychologist Adrian Furnham.

He is co-author of BBC of Britain's new big money laboratory test that examines links between personality and money behavior.

Because also financially smart people have bad money habits, he says, and it is five archetypes:

Cheapskates Fear always destitute and take advantage of their moneyto spend money shop have often uncontrolled difficulties, especially when low - feeling and a short-lived high, often followed by blametycoons get see money as a route to and approval, and wealth make them feel superiorshoppers happy when they get discounts and feel me angry if expected to pay full-priceplayers feel exaltiert when you opportunities to make and find hard to stop it, even if a profit creates a feeling of power to verlieren-- believe.Brian Capon, who was assistant coach in Midland Bank branches in the UK in the 1970s says that State of mind is itself in the way people approach to financial decisions.

"Can someone just found that the car or home of their dreams so focused on bond-the money to buy that they might pay them not on the interest rate to trouble, or how exactly the information is."

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expenditure had to be "Mood" in cash - so you don't have the money, you could spend it not "

end quote Brian Capon in the 1970's" often the focus can be much more to the cash get, as if they can afford it pay back "Capon says now for the British Bankers' Association works."

In his time knew a bank customers life and money habits - in and out.

"Use the Manager or Assistant Manager, to all credit slips and checks every day, and see over a period of time could be a picture of customer spending habits build."

"The general feeling was, that you should not spend what you don't have, and that you save up to buy something to you wanted." Since not many people had a bank account or easy access to credit, expenses had to be "Mood" in cash - so you don't have the money, not you, it could consume. "

How times have changed.

Britain's debt, including mortgages and credit cards, is ￡ 1. 46tn, close to a record high - although House and apartment owners off more of their mortgage borrowings in 2010 than others a single year paid.

Instead of spending, many are from pay mortgages.

Personal debt began shoot in the 1980's up as a relaxation of the rules of lending and borrowing much easier than ever before made. But this is not with success in the enlightenment which matched the people well manage her money was.

Read while today, students are taught, such as bank statements and financial dreij?hriger abbreviations, the? Consumer magazine money editor James Daley says that schooled before this curriculum rarely advise change - unless they hit crisis point.

Too many people are in denial about their finances, he says, because thinking about it makes them feel bad.

"In the UK we have a tendency to spend his money instead of Misers." People locked in a lifestyle that you can afford to. "You should meet someone bankruptcy has been made and find out how awful it is."

The Government campaigns, as patient, effective annual interest rate on loans, shock tactics, to change, he says.

"I am surprised we have no public safety films about expenditure and liabilities such as those to smoking." "This would break the older generations."

Open University psychologist mark Fenton-O'Connor Creevey, a fellow co-designer of the test money, says that a dangerous thing can be a little knowledge.

"People whose Hochschulbildung had a financial component are more likely to make mistakes with their investments." They think they know what they are doing, and rash decisions.

"Think how people get into financial difficulties." "A person tells your credit card is about to due to over-indebtedness taken be is with a shopping spree cheers up while they still have."

The national pastime

You know this more strain on their will present precarious finances, but shopping is the way to deal with the stress of debt.

He is involved in the Pan European project xDelia for testing, if innovative techniques such as immersive games could help people gain the skills needed to make better financial decisions.

Money examination is to test the theory, how we manage our emotions - especially when stressed or in a unpleasant situation - is how we manage our money.

Only part of it is there to know what does APR - or how to find the best discount or reading of a bank statement of.

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