Which of the following would be an example of being time inconsistent?

1. Deciding after an economics class that you want to save enough money for retirement so that you can stop working at the age of 65, but still being unable to save anything due to high levels of current spending.

2. Buying the textbook and Connect Web access to an economics class, but then choosing to socialize instead of reading and completing your assignments.

3. Setting up a monthly contribution to your 401K or Individual Retirement Account (IRA) that is automatically taken out of your paycheck regardless of overall amount of that months paycheck.

4. Making a New Year's resolution to exercise more and therefore joining a gym, but then deciding that you are too busy to take the time to actually go.