I’ll Blow the Budget Tomorrow

English: A set of EBC performance disk brake pads

English: A set of EBC performance disk brake pads (Photo credit: Wikipedia)

I thought I’d talk about procrastination today, but I decided to wait until my next article . . . not! Instead of procrastinating, let’s talk this very minute about how procrastination can blow your budget.

Let’s consider your car as an example. A few weeks ago, it started making that strange noise. You know the one I’m talking about. Something is clearly wrong, but you just haven’t had the time to take it into the repair shop. The noise got louder and more obnoxious. You finally took it in. The mechanic informs you that your original problem was that your break pads needed replaced. That would have cost you $200. Because you waited, however, the problem grew worse. Now you’re looking at an $800 bill to replace the brake pads AND the rotors.

Here’s another common example. You don’t plan for a meal until 7:30pm. Looking in to the refrigerator, you discover it’s empty. You’re hungry, so instead of cooking a meal for your family at home for $5-$10, you spend $40 eating out.

It’s easy to blow a budget through procrastination. Fortunately, it’s a simple fix. Plan ahead and save big!

Not only do these items need to be high priorities on your to-do list, but you need to actually schedule time on your calendar for them. Be sure to reasonably estimate how much time each task will require, and add a little extra time to that amount. Don’t allow procrastination to blow your budget. Instead, focus on procrastination and prioritization management.

You have a choice, and the choice is yours.

Bryan D. Cooper
My Financial Life Coach LLC
“Helping You Get Your Financial House In Order”
2280 W William St., Suite A
Delaware, OH 43015
 
http://www.MyFinancialLifeCoach.net
https://www.facebook.com/MyFinancialLifeCoach
http://www.linkedin.com/pub/bryan-cooper/26/199/722
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Filed under Auto, Budget, Family, Finance, Food, household budget, Personal Finance, Priorities, Procrastination, Relationships & Money

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