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A Penny Saved is a Penny Earned, but a Penny Saved Today is a Penny Earning More!

Financial procrastination is when you have financial obligations and moves to make, but you put those decisions aside on a continuous basis. For instance – you know you need to look into a strange charge on your credit card, but you continue waiting until who knows when. Or, you may have student loans and need to apply for a deferment but you let the time lapse and end up in the credit bureau. Part of what defines money procrastination is something you know you should do, but are not actually doing. Plus, unlike mowing the grass, there's often a real dollar cost to putting these things off. 


Procrastination is the bad habit of putting off until the day after tomorrow what should have been done the day before yesterday.

          Examples of Financial Procrastination:

  • Enrolling in the 401k or retirement plan at work
  • Buying life insurance
  • Starting an emergency fund
  • Investigating a strange charge on your credit card
  • Comparing auto/home insurance rates to see if there's a better deal
  • Starting a 529 to save for college
  • Buying Long Term Care Coverage
  • Contributing annually to an IRA
  • Making a plan to pay down debt like a student loan
  • Checking monthly recurring bills to see if you can find ways to save
  • Making a will or other estate planning decisions/documents

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