How Procrastination Costs You Money
June 17, 2008
How many times have you put something off until the last minute, and then had to spend more money as a result?
Maybe you waited until it was really close to your travel date to book your airline ticket.
Or maybe you waited until the summer had arrived to buy new lawn furniture.
Or perhaps you waited until the last minute to do your Christmas shopping.
There are all kinds of ways that people procrastinate when it comes to purchases, and in many cases you’re going to wind up spending more money closer to the “due date”.
If you wait until the last minute to buy airline tickets, you usually pay more (or have to suffer through multiple stopovers or middle-of-the-night flight times).
If you wait until the last minute to buy seasonal items, you’re often faced with a lot of stores being sold out, which means you have to buy them at the stores that still have stock and are usually higher priced (which is why they’re often the last to have stock!)
And when you wait until the last minute for Christmas shopping, you almost always end up buying something you wouldn’t have if you had more choices.
If you have to spend the money anyway, you’re usually better off to do it as early as possible to make sure you don’t get stuck having to pay a “procrastinator’s premium” at the last minute.
What about you - have you ever been stuck with a higher price because you waited too long? Share your stories in the comments…
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