By Carrie Sloan
NEW YORK (Learnvest)Whew. Finally. If you've been making excuses for your lack of financial resolve, science may have your back: Believe it or not, researchers have identified a gene that could determine whether you're good or bad with money.
Specifically, the discovery has to do with self-controlor how some people are better able to resist temptation to make sound financial decisions.
According to a new report from Chase Blueprint®, "Born to Spend? How Nature and Nurture Impact Spending and Borrowing Habits," a specific section of the human brain lights up when we face a choice, such as, say, spending on something that we know we shouldn't.
"Only 25% of us are born with the 'good' variant of that gene," says report author Dr. Hersh Shefrin, a professor in the finance department at the Santa Clara University Leavey School of Business. "Some people are simply better than others at self-control, and neuroscientific studies have shed light on why this is the case." (Note: These annoying people are also more immune to office birthday cake and mid-afternoon candy binges.)
Not convinced? Test out a few scientifically proven strategies to be a better financial version of yourself than you ever thought possible.
1. Adopt a New Mantra
How It Works: For this exercise, you'll be using the help of a fancy scientific term known as a "heuristic," which is essentially a rule of thumb that you live by to make decision-making easier. You probably already have many money heuristics that you abide by every daywhether you're conscious of them or not.