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Procrastination Makes for Easy Frugality

Procrastination Makes for Easy Frugality

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    We’re used to thinking of procrastination as a bad thing. We should avoid procrastinating; if we do something now, we don’t have to worry about it later. But when it comes to our personal finances, procrastination isn’t necessarily a bad thing. Sure, we need to get our bills paid on time, but by practicing putting off other expenses we can save money in the long-term.

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    Procrastination and Saving

    The longer we can put off a particular purchase, the more opportunity we have to save up for it. Some people like to replace certain items as soon as they show signs of wear: cars, clothes, equipment of all sorts. But that approach doesn’t get full value out of those things that we’ve already bought — and it makes it more likely that we’ll have to make a purchase on credit, paying more than sticker price when all is said and done. With a little creative procrastination, you can also increase your chances of buying whatever you’re after during a sale. If you can keep an eye on prices from a particular vendor for as little as a month, you can often take advantage of a sale.

    While nursing a car that’s on a downward trend isn’t great, it can get a few more months of transportation out of it. That’s a few more months you can be putting money in the bank for a down payment on a new ride. You can patch clothing or stretch the life of equipment and extend their utility in just the same way. Some people will argue that fixing up something broken will actually cost you more than purchasing something new: putting a new transmission in an older car can cost the same as purchasing another car entirely. I’ll admit that there isn’t really a way to put a patch over a broken transmission, but there are a lot of problems that you can solve with short-term fixes. Remember, you’re just trying to delay a purchase rather than avoid it entirely. If your car (or whatever you’re trying to procrastinate replacing) is to the point that it’ll be more expensive to replace in a few months — you’re expecting towing fees, an accident or a similar problem), then go ahead and replace it. But if the problem is along the ‘duct tape the mirror in place’ lines, try procrastinating.

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    Procrastination and Forgetting

    Making a policy of procrastination can plug a hole in your pocket. Most of us have wandered through a store and discovered that we really need something — maybe a new television or a book — that we didn’t even know we wanted when we entered the store. Stores are designed to create that feeling. There’s nothing wrong with wanting those cool toys, but it’s generally worthwhile to try to procrastinate buying them. Set a time limit: if you still really want that must-have product in three days, you can come back for it.

    You’ll find, though, that most of the time you’ll actually forget all about that item you absolutely ‘needed.’ Procrastinating is a way to limit unnecessary purchases without feeling like you’re depriving yourself. I’ve actually tried to make a policy of procrastinating about more than just impulse purchases. If I see something advertised that seems absolutely awesome, I don’t automatically add it to my shopping list or even my wishlist. If I still remember about it a couple of days later — then I add it to my lists. Procrastinating doesn’t mean that we can’t buy stuff — it just helps us narrow our purchases down to stuff we really want.

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    Procrastination and Renewing

    Waiting to renew subscriptions and memberships can pay off. If you put off paying for a renewal, you may find that you don’t really use the service you’re paying for all that much. And if you do like it enough to renew, it’s still worthwhile to wait to renew: because companies want to ensure that you’ll keep paying them, they’ll often offer deals to those customers with subscriptions or memberships about to lapse.

    My favorite magazine is notorious about this: the first reminder to renew that I received this year was for the full price of the magazine. But by the time I actually renewed, I had received several offers, each cheaper than the last. I only paid about $10 for the full year’s subscription — about a fifth of the normal price — and I didn’t miss an issue, since I received the first offer about six months before my subscription would have lapsed. This style of procrastination can take a little more planning than others — it’s useful to set yourself some sort of reminder of the last day you can take advantage of a particular deal or the last day you can renew without having to re-sign up for a service.

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    What Else Can You Procrastinate?

    I have noticed that procrastinating is only an effective strategy when it comes to spending money. If you’re trying to save or earn money, procrastination isn’t a practical solution. But within the spending category, it can be a simple strategy to keep money in the bank.

    I know that plenty of people have saved money through a little practical procrastination. Let us know the ways you’ve been able to take advantage of putting something off to save money in the comments.

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    Last Updated on September 18, 2020

    7 Simple Rules to Live by to Get in Shape in Two Weeks

    7 Simple Rules to Live by to Get in Shape in Two Weeks

    Learning how to get in shape and set goals is important if you’re looking to live a healthier lifestyle and get closer to your goal weight. While this does require changes to your daily routine, you’ll find that you are able to look and feel better in only two weeks.

    Over the years, I’ve learned a lot about what it takes to get in shape. Although anyone can cover the basics (eat right and exercise), there are some things that I could only learn through trial and error. Let’s cover some of the most important points for how to get in shape in two weeks.

    1. Exercise Daily

    It is far easier to make exercise a habit if it is a daily one. If you aren’t exercising at all, I recommend starting by exercising a half hour every day. When you only exercise a couple times per week, it is much easier to turn one day off into three days off, a week off, or a month off.

    If you are already used to exercising, switching to three or four times a week to fit your schedule may be preferable, but it is a lot harder to maintain a workout program you don’t do every day.

    Be careful to not repeat the same exercise routine each day. If you do an intense ab workout one day, try switching it up to general cardio the next. You can also squeeze in a day of light walking to break up the intensity.

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    If you’re a morning person, check out these morning exercises that will start your day off right.

    2. Duration Doesn’t Substitute for Intensity

    Once you get into the habit of regular exercise, where do you go if you still aren’t reaching your goals? Most people will solve the problem by exercising for longer periods of time, turning forty-minute workouts into two hour stretches. Not only does this drain your time, but it doesn’t work particularly well.

    One study shows that “exercising for a whole hour instead of a half does not provide any additional loss in either body weight or fat”[1].

    This is great news for both your schedule and your levels of motivation. You’ll likely find it much easier to exercise for 30 minutes a day instead of an hour. In those 30 minutes, do your best to up the intensity to your appropriate edge to get the most out of the time.

    3. Acknowledge Your Limits

    Many people get frustrated when they plateau in their weight loss or muscle gaining goals as they’re learning how to get in shape. Everyone has an equilibrium and genetic set point where their body wants to remain. This doesn’t mean that you can’t achieve your fitness goals, but don’t be too hard on yourself if you are struggling to lose weight or put on muscle.

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    Acknowledging a set point doesn’t mean giving up, but it does mean realizing the obstacles you face.

    Expect to hit a plateau in your own fitness results[2]. When you expect a plateau, you can manage around it so you can continue your progress at a more realistic rate. When expectations meet reality, you can avoid dietary crashes.

    4. Eat Healthy, Not Just Food That Looks Healthy

    Know what you eat. Don’t fuss over minutia like whether you’re getting enough Omega 3’s or tryptophan, but be aware of the big things. Look at the foods you eat regularly and figure out whether they are healthy or not. Don’t get fooled by the deceptively healthy snacks just pretending to be good for you.

    The basic nutritional advice includes:

    • Eat unprocessed foods
    • Eat more veggies
    • Use meat as a side dish, not a main course
    • Eat whole grains, not refined grains[3]

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    Eat whole grains when you want to learn how to get in shape.

      5. Watch Out for Travel

      Don’t let a four-day holiday interfere with your attempts when you’re learning how to get in shape. I don’t mean that you need to follow your diet and exercise plan without any excursion, but when you are in the first few weeks, still forming habits, be careful that a week long break doesn’t terminate your progress.

      This is also true of schedule changes that leave you suddenly busy or make it difficult to exercise. Have a backup plan so you can be consistent, at least for the first month when you are forming habits.

      If travel is on your schedule and can’t be avoided, make an exercise plan before you go[4], and make sure to pack exercise clothes and an exercise mat as motivation to keep you on track.

      6. Start Slow

      Ever start an exercise plan by running ten miles and then puking your guts out? Maybe you aren’t that extreme, but burnout is common early on when learning how to get in shape. You have a lifetime to be healthy, so don’t try to go from couch potato to athletic superstar in a week.

      If you are starting a running regime, for example, run less than you can to start. Starting strength training? Work with less weight than you could theoretically lift. Increasing intensity and pushing yourself can come later when your body becomes comfortable with regular exercise.

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      7. Be Careful When Choosing a Workout Partner

      Should you have a workout partner? That depends. Workout partners can help you stay motivated and make exercising more fun. But they can also stop you from reaching your goals.

      My suggestion would be to have a workout partner, but when you start to plateau (either in physical ability, weight loss/gain, or overall health) and you haven’t reached your goals, consider mixing things up a bit.

      If you plateau, you may need to make changes to continue improving. In this case it’s important to talk to your workout partner about the changes you want to make, and if they don’t seem motivated to continue, offer a thirty day break where you both try different activities.

      I notice that guys working out together tend to match strength after a brief adjustment phase. Even if both are trying to improve, something seems to stall improvement once they reach a certain point. I found that I was able to lift as much as 30-50% more after taking a short break from my regular workout partner.

      Final Thoughts

      Learning how to get in shape in as little as two weeks sounds daunting, but if you’re motivated and have the time and energy to devote to it, it’s certainly possible.

      Find an exercise routine that works for you, eat healthy, drink lots of water, and watch as the transformation begins.

      More Tips on Getting in Shape

      Featured photo credit: Alexander Redl via unsplash.com

      Reference

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