Canadian Personal Finance Blog

What, have I lost my mind? Am I espousing not doing things? No, but sometimes procrastination works for you (in some areas), especially in the areas of BUYING things.

Case in point this weekend, I have been putting off buying new running shoes for about 2 years now, schlepping around in my old beat up ones, but this weekend, thanks to a coupon my daughter received, I was able to get new shoes at a bargain price, and they are quite good shoes as well. This is what I am talking about.

Just for clarity sakes, here are some areas where procrastination is going to get you into a lot of trouble (in the financial world at least):

• Paying your taxes, especially if you owe the government money. Don’t procrastinate here.
• Paying your credit card debts, if you procrastinate there, you lose a plethora of your hard earned ca$hola.
• Starting your retirement savings (RRSP, 401k, etc.,). The sooner you start the sooner you are ahead of things.

No, I am talking about MAJOR purchases, especially if you have to borrow to make the purchases. Do you need to buy that new car right now, or can you last a while longer with your older car? Do you need to buy that bigger house? Your daughter needs a $600 prom dress because…? These are all perfect areas where procrastination is a useful tactic.

More discussions of this coming soon… -C8j