Are You Paying the Hidden Price of Disorganization?
We all know that being disorganized can literally cost us money. There are late fees when we forget to pay a bill on time, overdraft fees when we enter something incorrectly in our checking account, etc.
But did you know that being disorganized can cost you in hidden ways too?
Every week I make a new vow not to let receipts pile up on my desk, and every week that vow lasts about 2 days. It may not seem like a big deal, but that disorganization is costing me money.
Because I’m not 100% sure of how much money I have available to spend, we eat out “inexpensively” “just until I can get the checkbook done” because I’m not sure there’s enough money for a regular trip to the grocery store or Costco. Eating out like that gets expensive, considering it happens on a regular basis.
There are missed opportunities too. Because I’m not sure how much money I’ll need to pay taxes, I leave extra money sitting in a savings account all year instead of investing it. And if I underestimate, I have to pay penalties and possibly cash in investments at an inopportune time. (I don’t consider taxes an emergency, so I wouldn’t use my emergency fund for that. My wallet bleeding is not the same as a person bleeding.)
And what about missed deadlines?
Miss a health insurance open enrollment deadline, and you could end up paying out of pocket for expenses that would otherwise have been covered. Miss turning in reports and projects on time at work, and you’ll probably miss out on salary increases and promotions. (And you might miss out on a job entirely.)
Finally, there are missing items. How much do you spend buying duplicates of items to use that you already have but can’t find? Or that you forget you already have?
Uncertainty, missed opportunities, missed deadlines, and misplaced or forgotten items all add up to the hidden price of disorganization.
Have I missed any hidden costs? Do you have trouble with some of these things like I do? Or maybe you have tips on conquering my receipt problem once and for all. I’d love to hear from you in the comments.