Why Is Procrastination Important

Financial procrastination, an expensive habit
Modern life is increasingly busy and comes with its own trials and tribulations. Stress at work and lack of enough hours in a day are troubles that constantly plague us. Making decisions in this busy environment is difficult and often something that we do not look forward to, especially financial decisions which seem to be always cast to the back burner. Yet putting off for tomorrow what you need to do today comes at a cost. In order to create wealth and ensure financial stability, you need to act and prioritise financial matters. The cost that you pay for not doing so can be immense. Here are some reasons why financial matters require your attention:
Delay investing, lose money: The sooner you invest the better for you; procrastination in your investment decisions leads to income loss. Let’s think in terms of an example;

You may end up growing old with inadequate savings. You may encounter medical problems and have no contingency plans in place. You may struggle to put your children through higher education, etc. The habit of procrastinating can lead to regret later in life about having missed opportunities to become financially secure. Delay in buying insurance or paying premiums, not making a will or not registering your property on time are financial blunders that can have an impact on your loved ones. On the other hand, a bit of planning for your important life stages can help you sail smoothly through life.
Procrastination in financial matters is expensive and also severely detrimental for you and your family. The consequences of financial procrastination over a long period of time can be extreme. It is best to keep aside some time on a regular basis for your finances; this will help you get more organised, do more with your money and most importantly, put you in control of your financial