A preliminary study which attempted to address anxiety and regret as two intervening variables that link procrastination, but not delay of gratification, to life satisfaction is reported. Regression (path) analysis indicated that much of procrastination’s effect on life satisfaction was mediated through anxiety and regret. Delay of gratification did not have a significant effect on life satisfaction via anxiety but did through regret. Results are discussed in terms of when delay of gratification involves anxiety and when it does not.