Introduction

Being able to handle money and manage your own personal finances is important for living independently. As we get older, changes in our cognition (or thinking skills) may make it more difficult to manage everyday financial tasks, such as remembering to pay bills, budgeting and avoiding financial scams.

These cognitive changes and difficulties with everyday financial tasks are usually normal. They can happen for a number of different reasons. But in some cases, they can be an early sign of cognitive impairment or dementia.

It is important to identify these difficulties as early as possible, so that the appropriate supports can be put in place.

The Test of Financial Skills (TOFS) is a neuropsychological test that was developed by a team of Australian clinical neuropsychologists and researchers. The TOFS aims to assess an individual's financial capability across three areas - everyday financial skills, scam susceptibility and financial decision-making.

The mini-Test of Financial Skills (mini-TOFS) is a free online short version of the TOFS. To find out more about the mini-TOFS, visit our About page.