Thanks to a recent blog post by financial expert J.D. Roth on his site, Getting Rich Slowly, I must embellish on one of his great ideas: Pay bills as soon as you get them. Somewhere along the line, I developed the habit of scheduling delivery of my bills within perfect timing of their due dates, ensuring I didn’t pay out until the last possible second.

Thanks to a recent blog post by financial expert J.D. Roth on his site, Getting Rich Slowly, I must embellish on one of his great ideas: Pay bills as soon as you get them. Somewhere along the line, I developed the habit of scheduling delivery of my bills within perfect timing of their due dates, ensuring I didn’t pay out until the last possible second. 


After reading J.D.’s post, I realize that this is not the way forward. When you pay bills first, before shelling out cash for anything else, you know exactly what’s left after your financial responsibilities are met. What’s more, eliminating procrastination from most of your daily activities pays off big right away.


Bills


As soon as you receive an invoice, pay it. By immediately taking care of business, you avoid the inevitable game played with yourself when you manage what money you’ve got left. In addition, make sure one of obligations that you meet first is you. Automatically direct whatever amount you commit to saving into a specified savings account. Then sit back and enjoy a stress-free ride to your next payday.


Not just bills


Applying this non-procrastination plan to anything conserves time, effort and money. In the morning, make your bed to start the day off right. Sort your mail on a daily basis to avoid ever-growing piles on your counter or desk. When you do the laundry, put it straight away instead of selecting from the basket throughout the week. You get the idea, right? When a job presents itself, knock it out and move on. Your load will feel lighter now that your to-do list is shorter.


Going further


Once you get the hang of this way of operating, you’ll surely become addicted. Help family members understand the benefits as well, by assisting them tidy up the areas in their lives where procrastination weighs them down. Kids thrive when they apply these rules in their own lives, no matter what their age. Teaching them to banish procrastination now saves them from having to learn the lesson later on – like us!


Molly Logan Anderson is a freelance writer who lives in the western suburbs of Chicago with her husband, Mike, three kids and two labs. Join Molly on her family’s journey of living a frugal life and making financial freedom their reality in her columns or visit her website at www.mollylogananderson.com.