Procrastination is by far the biggest impediment when it comes to personal finance. Whether it’s paying back debt, retirement planning, paying monthly bills, tax planning most of us think of it as chore and try to push it as late as possible. All these comes back to bite us – March end rush for tax saving, penalty for late payments of credit card and other utility bills,
debt trap, no retirement corpus. And as years pass by, suddenly at the twilight of productive life people realize that their finance is in mess and they don’t have large enough corpus to outlive retirement life.
debt trap, no retirement corpus. And as years pass by, suddenly at the twilight of productive life people realize that their finance is in mess and they don’t have large enough corpus to outlive retirement life.
As we start new financial year this would be the right time to have some resolution as we do during calendar new year – to do tax planning and start implementing it at the beginning of the year, put a monthly budget in place, create a personal financial plan, make regular investments. All that is required for that is bit of discipline, patience and some awareness.
Best time to work on improving your financial health was yesterday; if you have missed start that today, now, ASAP. As they say time is money!
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