Behavioral economics refer to procrastinators as having “present bias” tendencies. They frequently overweight today with instant gratification and underweight resulting pain and losses in the future.
#2 Avoid paying all your bills late.
You should use as many automated paying options as possible to pay your rent, your student loans, your credit cards, your mortgage, utilities, phone, cable or streaming services.
#3 Pay your income taxes on time. Filing your taxes late means you may have to have to pay the IRS more. The penalty for filing late is normally 5 percent of the unpaid taxes for each month or part of a month that a tax return is late.
#5 Be proactive about participation in your workplace retirement plan. Delaying your participation in an employee-sponsored 401K retirement plan often results from decision inertia if there are too many choices to make..