done. Or you may be paying more because you have procrastinated on checking or fixing your credit scores. (For more, see Are You Living Too Close To The Edge? According to new research, one person in five now suffers from the problem so badly that their careers, relationships and health are threatened. M is a USA today content partner offering financial news and commentary. Another study shows that 10,000 invested in the S P 500 for a 30-year period from January 1, 1979 would have grown to about 229,000 by December 31, 2008, or.0 annual rate of return. But she admits she'd save money if she took the time to take care of things like regular dental check-ups. Reconnection fees, late fees and other charges can make a small bill mushroom into a much larger one. Why do we the Broken Globe avoid taking care of important tasks at our own expense? The original bill was 150 and I had the money to pay. (For more, check out 5 Keys To Unlocking A Better Credit Score.) A couple of minor bills that you never got around to paying can eventually end up as a red flag on your credit report.
The Increasing Cost of Medical Care
In other cases, procrastination may have a relatively minor effect at first, but may have a cascading impact that gets magnified over time. I found the disconnect notice in a pile of unopened mail lying on the kitchen counter.". I recently switched my family's cellphones from a major national carrier to a smaller provider to save money. Lacrity's IRA would have grown to about 132,878, twice the size. If someone gave you a gift card you can't use, you may want to donate it to someone who can use it, or sell it online for cash. These are all examples of unfortunate financial situations that can wipe out a massive chunk of one's bank balance and net fairy Tale of Retribution worth. S P 500 for the 30-year period from July 1979 to July 2009 was.75; for the 20-year period from July 1989 to July 2009, it was.76. two points need to be noted here: The higher the rate of return, the higher the cost of procrastination. Of course, the fact that. By CC Holland MoneyWatch August 4, 2008, 9:55.