4 Ways Procrastination Can Cost You

What's Hot

2 Types of Black Marks Might Vanish From Your Credit File SoonBorrow

This Free Software Brings Old Laptops Back to LifeMore

6 Ways the Obamacare Overhaul Might Impact Your WalletInsurance

21 Restaurants Offering Free Food Right NowSaving Money

7 Dumb and Costly Moves Homebuyers MakeBorrow

House Hunters: Beware of These 6 Mortgage MistakesBorrow

Beware These 12 Common Money MistakesCredit & Debt

Obamacare Replacement Plan Gets ‘F’ Rating from Consumer ReportsFamily

Where to Sell Your Stuff for Top DollarAround The House

30 Household Uses for Baby OilSave

25 Ways to Spend Less on FoodMore

Nearly Half of Heart-Related Deaths Linked to These 10 Foods and IngredientsFamily

The True Cost of Bad CreditCredit & Debt

17 Ways to Have More Fun for Less MoneySave

14 Ways to Maximize Your Social Security ChecksGrow

10 Ways to Save When You’re Making Minimum WageSave

Boost Your Credit Score Fast With These 7 MovesCredit & Debt

7 Painless Ways to Pay Off Your Mortgage Years EarlierBorrow

The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

10 Companies With the Best 401(k) PlansGrow

8 Ways to Take Control of Your Finances — and Be HappierGrow

This Scam Now Tops ID Theft as the No. 2 Consumer ComplaintFamily

5 Surprising Benefits of Exercising Outdoors in WinterFamily

14 Super Smart Ways to Save on TravelSave

New Study Ranks the Best States in the U.S.Family

Thousands of Millionaires Moving to 1 Country — and Leaving AnotherGrow

The Rich Prefer Modest Cars — Should You Join Them?Cars

Strapped for College Costs? How to Get the Most From FAFSABorrow

6 Overlooked Ways to Save at Chick-fil-AFamily

Secret Cell Plans: Savings Verizon, AT&T, T-Mobile and Sprint Don’t Want You to Know AboutFamily

6 Healthful Treats for Your DogFamily

Ask Stacy: What’s the Fastest Way to Pay Off My Mortgage?Borrow

7 Free Sources of Manufacturer Coupons You Can Find OnlineSave

Ask Stacy: How Do I Start Over?Credit & Debt

8 Ways to Get a Good Price on a Shiny New AutoCars

You’ll Soon Pay More to Shop at CostcoSave

10 Ways to Save When Your Teen Starts DrivingFamily

Fixing Your Credit? Do These 5 Things, Avoid These 3Credit & Debt

If the early bird gets the worm, the procrastinator gets the shaft. Here's why.

The following post comes from Veronica Bowman at partner site at The Dollar Stretcher.

Procrastination may cost you more than you realize. If you’re trying to pinch pennies, cut corners, and stretch a dollar as far as it will go, you can’t afford to let procrastination become a threat to your budget. Because it can cost you money…

1. Around the house

Procrastinating about some minor home repair projects can drain your budget. Your power bill may be higher simply because you have put off projects like insulating doors and windows. You could be saving money if you took a little time to put energy-efficient light bulbs throughout the house. Replacing old, worn out, or outdated window treatments with thermal window treatments can help save you money year-round.

Changing the heating or air conditioning filter is often a task that people procrastinate about. However, leaving a dirty filter in place increases your monthly power bill. Take a moment to look around your house and make a list of the small energy-saving repairs you’ve been putting off. Start working your way through the list. Each energy-saving improvement may actually inspire you to complete another one without procrastinating.

2. Clutter

Clutter combined with procrastination can really dent the budget. If your cabinets, closets, garage, basement, office, or any other area of your home is cluttered, you probably don’t actually know all of the things you have in there. You may waste money buying something you already have but simply didn’t see underneath the clutter.

If you have procrastinated about cleaning the refrigerator or organizing the pantry, you may end up throwing away food that becomes outdated before you get around to using it. Late charges are definitely an unnecessary budget breaker. It wouldn’t take very long to establish a system of organizing incoming and outgoing mail so that important pieces of mail or bills do not get buried under an accumulation of stuff. Taking time to get organized should be an immediate priority on your list of things to stop procrastinating about.

3. Painful expenses

Some expenses are not only detrimental to the budget, they’re also painful. If you’ve been planning to put a non-slip mat or stickers in the tub or shower but haven’t done so, in an instant, you could find yourself with a painful injury and high medical bills due to a fall. The same is true if you have things like broken steps or loose handrails that are an accident waiting to happen. These are things you should not procrastinate about repairing. The cost of the repair will be far less than the cost of recovering from an accident.

4. Budget issues

You may have read that one way to save money is to compare insurance rates and find the lowest cost available for the coverage you need. However, if you keep planning to compare but don’t follow through, you’ll continue to pay higher premiums and make stretching your paycheck more difficult. The same is true if you keep intending to research and locate the best phone plan, Internet service, and any other monthly service that has companies competing to be your provider. Procrastinating about setting up a budget can cost you in many ways. If you see where your money is going, you will be able to make adjustments that will help you reduce certain costs and spend more wisely.

Almost everyone has been guilty of procrastination at one time or another. It’s easy to put certain activities such as home repairs and budget planning aside in favor of doing things you find more enjoyable. But, when you consider how much your procrastination is costing, you might quickly decide that home repair, budgeting, clearing clutter, and establishing a system of organization are matters that deserve your immediate attention.

Follow The Dollar Stretcher on Twitter.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!


Read Next: 5 Easy Ways to Save on Your Cell Phone Bill

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 2,041 more deals!