Poor money saving linked to general impulsiveness

January 10, 2010 at 9:21 am Leave a comment

Financial imprudence is linked to other impulsive behaviour such as overeating, smoking and infidelity, according to a new study led by UCL researchers, published in the journal Personality and Individual Differences.

The study, conducted through the BBC website with over 40,000 participants, measured people’s financial impulsivity by asking whether they would they prefer to receive £45 in three days or £70 in three months. The survey asked a related series of questions about other behaviours. Nearly half of those who responded preferred the smaller-sooner sum of money, and these people were more likely to show an array of other impulsive behaviours.

“Learning to make decisions that lead to long-term happiness, not just instantaneous gratification, could benefit us all. Simple techniques can help reduce impulsivity: like imagining how you’d feel about your decision in a year’s time, or trying to avoid making decisions in the heat of the moment.”

Simple techniques may cure impulsive behavior
The researchers assert that simple techniques can help in overcoming such impulsive behaviors. For instance, Dialectical Behavior Therapy (DBT) focusing on building skills may help in checking the impulsive behaviors.

Mindfulness, one of the skills taught via DBT, may help those suffering from an impulsive behavior to be cautious of their actions and take time to consider the consequences of the same.

For more on this study:

Poor money saving linked to general impulsiveness

Impulsive people overeat, oversleep: Study

Advertisements

Entry filed under: Articles and Lates News, Research. Tags: , , , , , , , , .

Mindfulness While Making Tea http://www.ehow.com/how_5884285_keep-emotions-balance.html?UserPreview=true&Panel=4

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 64 other followers

Recent Posts

Feeds

Follow Me On Twitter


%d bloggers like this: