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“Inspiration is a guest that does not willingly visit the lazy.” ― Pyotr Ilyich Tchaikovsky
Never be too lazy that you don’t get the opportunity to invite your guest (the inspiration). However, being a little lazy won’t harm you much. But, if you continue to hold on to this attitude of yours, it’ll surely cost you money.
Come, let’s explore how being lazy can ruin you financially:
1 Not saving adequate money for retirement
You might think that you have enough time left to save for your gray hair days. So, you can start saving later. Never do that. Remember, the earlier you start, the more you’ll be able to save for your retirement. Being lazy will put you in trouble after you retire.
A quick fix: Automate your savings. This way, you can save more dollars and don’t have to hit the bank every time you receive the paycheck.
2 Not checking credit score and credit report
Your credit score shows your creditworthiness. A good credit score helps you in many ways;, for instance, getting best interest rates on your loan. To keep your credit score in check you must review your credit report at regular intervals. It’ll help you to keep track of your financial activities.
If you’re too reluctant to check your credit score, you’re pushing yourself deep in financial trouble. So, check your credit score from time-to-time and keep monetary problems at bay. Checking credit report will also help you recognize a fraud if any.
A quick fix: You are entitled to get a free credit report from all the 3 credit bureaus (Experian, Equifax, and the TransUnion) annually. Ask them for your free credit report or check your credit report online by visiting annualcreditreport.com.
3 Not using free money
Coupons are the best option to save money while shopping. Though little, but, it can save you big bucks in the long run. Don’t be too lazy or too proud to use coupons while shopping online or hitting the stores. Be money wise, use your free money wherever possible.
A quick fix: Use apps like CouponsSherpa, or add Honey web browser extension to your browser and get notified when a coupon is available. Or, visit websites like FreeShipping.org to save money on shipping costs.
4 Not comparing loan terms
Grabbing a loan without comparing the terms can cost you big. Some hidden terms and conditions might be making you pay more on your loan. Have you discovered a treasure? If not, then stop making such dumb mistakes. Don’t let your laziness ruin your financial life. Make sure to check the terms and conditions, and compare the rates before signing the papers.
A quick fix: Get up, move your torso and use God’s greatest gift (especially, for all you lazy people on the Earth!) - the Internet to compare and find better rates while sitting on your couch.
5 Not paying parking tickets
Parking fines can double and triple if you’re too tired to pay the money before the due date. It is always better to avoid parking tickets; but, at least don’t waste money on parking fines if you can pay on time.
A quick fix: Pay parking tickets within the allotted time. Or, use an online payment system to pay the parking bill.
6 Not being organized
When you find it less important to organize your bills and receipts, you might end up paying more on penalties and interest rates. Though organizing your financial documents take a little effort, yet it can save you more in the days to come.
A quick fix: Keep your cell phone bills, utility bills, tax receipts, etc. separately or set reminders on your smartphone. It’ll help you track the due dates so that, you don’t end up paying more in late fees and penalties.
7 Not cooking meals at home
Consuming packed, frozen or canned foods regularly will cost you more. Plus, it’s not too good or nutritious for your health. So, try to cook your meal instead of buying it. And, most importantly, stop making regular visits to the Starbucks. Make your coffee at home to save more money.
A quick fix: I know it’s not possible to cook every day after a long and tiring day at work. So what’s the solution? Cook one dish and consume it for 2 to 3 days. You can also make a new dish with the leftovers to save your precious dollars.
It takes a lot of hard work to earn money. So, be financially active and ditch the lazy you to make your bank account happy. Remember, laziness won’t get you anywhere.
Do you know any other lazy ways that are making your finances bleed? If so, then do share your thoughts with us. We would love to hear from you.
