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Practical Money Matters Radio Series

March 19, 2012
Procrastinators Pay

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Don't let putting off chores and financial tasks cost you big in late fees.


Putting off chores we hate merely prolongs the inevitable. What's worse, it can also cost you a lot of money. For example:

  • If you don't pay your taxes on time, the penalty increases dramatically. Simply filing for an extension drops the penalty by ten-fold.
  • Unpaid parking tickets and overdue library book fines are increasingly being turned over to collection agencies and showing up on people's credit reports.
  • \n

  • Missing the deadline to file the federal student aid form, which every college requires, could cost you thousands in grants and loans.
  • If your employer's 401(k) plan offers matching contributions and you haven't enrolled, you're leaving thousands of dollars of free money on the table.

Bottom line: Don't let deadlines pass – it'll cost you in the end.

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