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March 19, 2012
Procrastinators Pay

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

Transcript

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.
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• 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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