Ian's list

Top picks from the web on money and your life, from ING economist Ian Bright – February 24, 2017

Lazy colleagues

Lazy colleagues

Lazy colleagues can get under your skin, making you less productive, but hardworking colleagues can make you work harder. According to the Misbehaving blog, it’s because of your sense of fairness. Lazy people annoy you, because you think they may unfairly gain credit for your work. Conversely, you may not want to seem like a slacker in front of the more industrious either.

Older not wiser

Older not wiser

As we age, our ability to handle money declines as financial decision-making ability peaks in the mid-50s, notes The Economist. Banks and their technology are not only well-placed to protect the older vulnerable customers against fraud and poor investment decisions but also to spot who is at risk. In fact, poor money decisions can be an early sign of health problems such as dementia.

Smallest debt first

Smallest debt first

When drowning in credit card debt, should you split payments across accounts or pay off one at a time asks this Harvard Business Review article. Research finds people are motivated by how much they’ve paid off rather than the amount of balance left. So if, interest on any one debt is not very high, pay one at a time, starting with the smallest.

Ian Bright
Ian Bright

Senior economist at ING
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