This study has been approved by Northumbria University’s Ethics Chair. Project ID No: xxxxx.

We would like to invite you to participate in this research project directed by researchers at Northumbria University and Ghent University. You should only participate if you want to; choosing not to take part will not disadvantage you in any way. Before you decide whether you want to take part, it is important for you to read the following information carefully and discuss it with others if you wish. Ask us if there is anything that is not clear or if you would like more information. In this online study you will be asked to set savings targets and estimate savings and expenses. All data will be handled according to the Data Protection Act 1998 and will be kept anonymous. Only researchers working with Professor Önkal will analyze these data. It is up to you to decide whether or not to take part. If you decide to take part you will be asked to sign a consent form. If you decide to take part you are still free to withdraw at any time and without giving a reason. You may wish to print this information sheet for your records. Should you have any further questions, feel free to contact

Name, Address and Contact Details of Principal investigator:

Prof Dilek Önkal,
Faculty of Business and Law, Northumbria University
97 New Bridge Street, Newcastle upon Tyne NE1 2SW, United Kingdom

Press "Next" to go to the consent form.

In the box below, we ask you to indicate your target savings, and estimate your predicted savings and expenses over the course of the following three months.
Target savings:

Predicted savings:

Predicted expenses:
Imagine the following scenario: you come home from work and the downstairs hallway has been flooded. A water pipe has broken and water has leaked everywhere. You shut off the water supply and call a plumber immediately. An hour later he comes by and assesses the damage. The quote he gives amounts to 80% of your monthly income. How does this affect your expenses and savings estimates for the next three months?

How likely do you deem this scenario to happen to you?

How impactful would this scenario be on your financial situation?
  • financial literacy scale
  • financial wellness scale
ignore endloop - to be replaced with prolific academic endpage when study is published