Got your number
How do you use your mobile phone? A Bloomberg article says some lenders now consider phone habits in a finance application. “People who don’t let their phone batteries run low tend to do the same for their debt balance,” it suggests, adding that the move expands credit offers to the many people without a bank account.
Can’t wait? Yet impatient people may also be more likely to procrastinate, studies suggest. In one experiment, participants who chose to receive cheques immediately, instead of cash in two weeks, but then took more than two weeks to cash in their cheques. The findings build on studies showing that people may favour present rewards, discounting possible future gains .
If you make the same doomed resolutions every New Year, you may be setting over-ambitious goals, writes journalist Jane Porter. Research indicates that people often choose difficult tasks and give up at the first hurdle, instead of progressing in small steps. “Change is incremental and takes time,” notes Porter. “Empower yourself with a plan.”