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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 October 30, 2018

    How to Motivate Yourself: 13 Simple Ways You Can Try Right Now

    How to Motivate Yourself: 13 Simple Ways You Can Try Right Now

    Who needs Tony Robbins when you can motivate yourself? Overcoming the emotional hurdle to get stuff done when you’d rather sit on the couch isn’t always easy. But unless calling in sick and waking up at noon have no consequences for you, it’s often a must.

    For those of you who never procrastinate, distract yourself or drag your feet when you should be doing something important, well done so far! But for the rest of you, it’s good to have a library of motivational boosters to move along.

    Whether you’re starting a buisiness, trying to los weight or breaking a bad habit, you’ll learn how to motivate yourself with different techniques in this article.

    13 Simple Ways to Motivate Yourself Right Now

    Despite your best efforts, passion, habits and a flow-producing environment can fail. In that case, it’s time to find whatever emotional pump-up you can use to get started:

    1. Go back to “why”

    Focusing on a dull task doesn’t make it any more attractive. Zooming out and asking yourself why you are bothering in the first place will make it more appealing.

    If you can’t figure out why, then there’s a good chance you shouldn’t bother with it in the first place.

    2. Go for five

    Start working for five minutes. Often that little push will be enough to get you going.

    3. Move around

    Get your body moving as you would if you were extremely motivated to do something. This ‘faking it’ approach to motivation may seem silly or crude but it works.

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    4. Find the next step

    If it seems impossible to work on a project for you, you can try to focus on the next immediate step.

    Fighting an amorphous blob of work will only cause procrastination. Chunk it up so that it becomes manageable. Learn how to stop procrastinating in this guide.

    5. Find your itch

    What is keeping you from working? Don’t let the itch continue without isolating it and removing the problem.

    Are you unmotivated because you feel overwhelmed, tired, afraid, bored, restless or angry? Maybe it is because you aren’t sure you have time or delegated tasks haven’t been finished yet?

    6. Deconstruct your fears

    I’m sure you don’t have a phobia about getting stuff done. But at the same time, hidden fears or anxieties can keep you from getting real work completed.

    Isolate the unknowns and make yourself confident, you can handle the worst case scenario.

    7. Get a partner

    Find someone who will motivate you when you’re feeling lazy. I have a friend I go to the gym with. Besides spotting weight, having a friend can help motivate you to work hard when you’d normally quit.

    8. Kickstart your day

    Plan out tomorrow. Get up early and place all the important things early in the morning. Building momentum early in the day can usually carry you forward far later.

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    Having a morning routine is a good idea for you to stay motivated!

    9. Read books

    Read not just self-help or motivational books but any book that has new ideas. New ideas get your mental gears turning and can build motivation. Here’re more reasons to read every day.

    Learning new ideas puts your brain in motion so it requires less time to speed up to your tasks.

    10. Get the right tools

    Your environment can have a profound effect on your enthusiasm. Computers that are too slow, inefficient applications or a vehicle that breaks down constantly can kill your motivation.

    Building motivation is almost as important as avoiding the traps that can stop it.

    11. Be careful with the small problems

    The worst killer of motivation is facing a seemingly small problem that creates endless frustration.

    Reframe little problems that must be fixed as bigger ones or they will kill any drive you have.

    12. Develop a mantra

    Find a few statements that focus your mind and motivate you. It doesn’t matter whether they are pulled from a tacky motivational poster or just a few words to tell you what to do.

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    If you aren’t sure where to start, a good personal mantra is “Do it now!” You can find more here too: 7 Empowering Affirmations That Will Help You Be Mentally Strong

    13. Build on success

    Success creates success. When you’ve just won, it is easy to feel motivated about almost anything. Emotions tend not to be situation specific, so a small win, whether it is a compliment from a colleague or finishing two thirds of your tasks before noon can turn you into a juggernaut.

    There are many ways you can place small successes earlier on to spur motivation later. Structuring your to-do lists, placing straightforward tasks such as exercising early in the day or giving yourself an affirmation can do the trick.

    How to Stay Motivated Forever (Without Motivation Tricks)

    The best way to motivate yourself is to organize your life so you don’t have to. If work is a constant battle for you, perhaps it is time to start thinking about a new job. The idea is that explicit motivational techniques should be a backup, not your regular routine.

    Here are some other things to consider making work flow more naturally:

    Passion

    Do things you have a passion for. We all have to do things we don’t want to. But if life has become a chronic source of dull chores, you’ve got a big problem that needs fixing.

    Not sure what your passion is to get you motivated? This will help you:

    How to Get Motivated and Be Happy Every Day When You Wake Up

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    Habits

    You can’t put everything on autopilot. I’ve found putting a few core habits in place creates a structure for the day.

    Waking up at the same time, working at the same times and having a similar productive routine makes it easier to do the next day.

    This guide will be useful for you if you’re looking to build good habits:

    Understand Your Habits to Control Them 100%

    Flow

    Flow is the state where your mind is completely focused on the task at hand. While there are many factors that go into producing this state, having the right challenge level is a big part.

    Find ways to tweak your tasks so they hover in that sweet spot between boredom and maddening frustration.

    Easily distracted and hard to focus? Here’s your solution.

    Final Thoughts

    With all these tips I’ve shared with you, now you know what to do when you’re feeling unmotivated.

    Find your passion and develop a positive mantra so when the next time negativity hits you again, you know how to stay positive and motivated!

    Featured photo credit: Pexels via pexels.com

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