How to recognize financial procrastination and get rid of it

It's hard to imagine a person who gets unearthly pleasure when making another mortgage payment or paying taxes. But if you constantly put off everyday financial tasks, such as not keeping track of your daily spending, or every time you check the balance on your card, you experience real horror, perhaps you are a financial procrastinator. Let's figure out what exactly the problem is and what to do to solve it.

What financial procrastination looks like

Take an honest look at your financial habits. How often do you wait until the last minute before checking your bank account balance, paying your utility bills, or filing your taxes? Do you avoid making difficult financial decisions? If so, these are signs of financial procrastination, and you should seriously think about its reasons.

Our relationship with money is complex. The point is not simply that we “know how” or “don’t know how” to handle them. Concern about financial situation,

deficit thinking, feeling overwhelmed with financial affairs, and lack of confidence in our ability to manage our personal budget can all lead us to engage in avoidance tactics.

Why is that bad

Financial procrastination often results in serious consequences, such as late fees or bad credit. Failing to save and invest money can cost you years of potential income growth. In addition, financial procrastination makes it difficult to quickly identify and stop fraud attempts.

Additionally, when we live in a constant state of anxiety, we make poor financial decisions. This prevents us from fixing problems as soon as they appear, and in the end we only lose money. But worst of all, financial procrastination robs us of hope for a more stable financial future.

How to deal with financial procrastination

Start small

Tackle one or two small financial tasks that you have previously put off. And develop the habit of immediately dealing with issues that can be resolved without much effort. If you beat yourself up over bad financial habits, you risk making decisions based on fear.

Taking on small tasks will help you step back and see your strengths in your relationship with money, which will give you the confidence you need to make smart decisions in the future. Small victories add up, and over time you will notice that your financial situation is not as dire as it seemed.

To make a plan

Break down big goals into specific, time-bound steps. For example, save a little every month so that you don’t have to frantically search for the entire large amount that you borrowed for the year. To make it easier to stick to your plan, read different applications to manage personal finances and choose the tool that is most convenient for you.

You will also need a suitable budgeting method. Try to start with a simple, intuitive rule "50/30/20“, according to which 50% of income is spent on satisfying needs, 30% on fulfilling desires, and 20% goes on savings and investments. If you don't like this approach, you can find another one or even come up with your own.

Change your attitude towards money

Budgeting only scratches the surface. Sticking to limits will be difficult if you ignore the emotional nature of financial procrastination.

If you lack the knowledge to resolve money-related issues, you can contact a financial consultant, ask questions to an accountant you know, or consult with a friend who understands the topic. If you understand that the problem lies in emotional or behavioral barriers, it is better to talk to a psychologist.

Be patient

Your attitude towards money is the key to paying off all your debts and laying the foundation for material well-being. But breaking old habits takes time. If you weren't able to follow your plan today, come back to it tomorrow. Gradually you will form new habits. The main thing is to regularly take small steps that will give you confidence that you are able to competently manage your personal finances.

What is the name of the movie where there is honey. the sister goes to her hometown to find out for the police who the ghost is, her son faces a prison sentence for a fight, the father is a businessman, she is in a quarrel with him, he is engaged in cargo transportation.

How to find a movie by description?