Stop the Procrastination: Take control of your finances!

You know the saying, “Procrastination is the thief of time, and time is money.” It’s so true!

In my experience of giving financial advice, I’ve seen that procrastination is the biggest obstacle that holds people back from achieving their financial dreams.

We all love the idea of making money, becoming rich, and living a life of financial freedom. But when it comes down to taking action, many of us tend to put things off until later. We keep pushing forward what we need to do, and before we know it, time has slipped away, and we’re left wondering where it all went wrong.

Here’s the thing: financial planning is key to wealth creation. In fact, It’s the most important step after financial literacy. But procrastination can get in the way of even the best-laid plans.

So, today, let’s tackle this issue of procrastination head-on. What is it that’s holding you back from taking control of your finances? Is it fear, overwhelm, or just plain laziness? Whatever it is, let’s work through it together and get you back on track to achieving your financial goals.

Are you ready to stop procrastinating and start building the financial future you deserve? Procrastination is a common obstacle that prevents many of us from achieving our financial goals. We know we need to create a budget, start saving for retirement, or pay off debt, but somehow, we just can’t seem to get started. Some people even say, “Tomorrow will take care of itself.”

The problem is that procrastination can have serious consequences on our financial well-being. By putting off financial planning, we risk missing out on valuable investment opportunities, accumulating more debt, and reducing our chances of achieving long-term financial security.

So, why do we procrastinate when it comes to financial planning? Often, it’s because the task seems overwhelming or we’re afraid of making mistakes. We might feel like we don’t have enough knowledge or expertise to make informed financial decisions. Or, we might simply be avoiding the stress and anxiety that comes with confronting our financial reality.

Whatever the reason, it’s time to stop procrastinating and take control of your financial future. Here are some simple tips I’d like to share:

Set clear financial goals: What do you want to achieve? Do you want to save for a down payment on a house, pay off debt, or build up your emergency fund? Write down your goals and make them specific, measurable, achievable, relevant, and time-bound (SMART).
Face your financial reality: Take a close look at your income, expenses, debts, and savings. Make a budget that accounts for every naira or dollar you earn. You can’t fix what you don’t acknowledge, so be honest with yourself.
Break it down into smaller steps: Financial planning can feel overwhelming, but it’s easier when you break it down into smaller, manageable tasks. Focus on one task at a time, like creating a budget or saving regularly
Seek support and guidance: You don’t have to do all of this alone. Consider speaking to a financial advisor or planner who can provide personalized guidance and support.

If you can implimenting just two out of these four tips; you will be amazed at how easily you can overcome procastination and start achieving your financial goals.

Stop procrastinating and start building the financial future you deserve.

Omolara Garuba