Delaying even a small task or issue can most times result in a big expensive problem or project. Kicking the can or putting off until later can sometimes result in very expensive lessons. Procrastination costs — big time.
We’ve all done it: Put off something until tomorrow that could have been done today. Habitual procrastinators will readily testify to all the lost opportunities, missed deadlines, and even monetary losses incurred just because of the one bad habit of putting things off until it’s often too late.
Home or auto repairs. Your home is full of things that break: Shingles blow off a roof, a bathroom drain springs a leak, a kitchen tile gets cracked, your car needs routine maintenance. If you don’t fix or address these now, you may be looking at major repair bills later.
Routine tasks. Too tired to look up your checking account balance? Didn’t feel like looking for a stamp for that one bill you need to mail? Don’t be surprised if you trigger a bounced check or late fee. Having something shut off and then paying to have it turned on is costly.
Home organization. Clutter takes many forms: stacks of paper or ripped envelopes, “miscellaneous” junk drawers, overflowing closets. If you can’t find it when you need it, you’ll waste time and money replacing it.
Retirement planning. Starting young makes retirement planning (and saving) easier. In your twenties or thirties it’s easy to think retirement is too far in the future to consider. In your forties and fifties, it seems like it might already be too late. Putting off planning for your later years will result in negative consequences when it comes time to actually retirement.
Managing big expenses. You can’t watch TV or listen to the radio without seeing/hearing an ad reminding you to compare insurance rates or refinance your mortgage. If you haven’t done so within the last year, you could be spending hundreds of dollars needlessly.
We’ve all put off tasks at one time or another. Whatever the reason, there are ways to overcome the desire to procrastinate.
(1) No task gets better with time. Whether it’s a messy closet or a leaky roof, the problem causes won’t go away. In fact, they get bigger, so the sooner you attack it the easier the job will be.
(2) No one is born this way. Sadly, some of us have made it a habit. But that doesn’t mean we’re cosmically predestined to always procrastinate. You can overcome procrastination and it’s unnecessary (often expensive) costs—it’s just a matter of starting now.
Learn to deal with and address problems when they present themselves.
This has been our money kingdom financial perspective.
May I AM THAT I AM GOD prosper you.