How to Avoid Financial Procrastination and Impulse Buys

<blockquote> Procrastination is the art of keeping up with yesterday and avoiding today.” — Attributed to Wayne Dyer </blockquote> Imagine that I showed up at your office and offered to buy you lunch. I give you two options; Pizza or a salad. Most people would choose pizza and, in doing so, would be displaying a textbook example of “present bias,” which is the human tendency to choose immediate rewards and avoid immediate costs even if they know that those decisions are not in our best interest in the long run. Taking the pizza over the salad is an example of preferring immediate rewards that come with a long-term cost. Preset bias also works the other way, choosing to avoid immediate costs even if we have to pay more later. The college term paper you did not write until the night before it was due is a classic example. You had weeks to write the paper, but each day you chose to avoid the immediate cost of writing it and paid for that decision with added stress and loss of sleep by leaving it to the last minute. <a href="https://themakingofamillionaire.com/how-to-avoid-financial-procrastination-and-impulse-buys-622f9a03d648">Visit Now</a>