The cost of procrastination (DW#563)
Some of us thrive on the adrenalin rush that comes from doing things last minute. We tell ourselves that we work best under tight deadlines.
Research shows however, that procrastination comes with many costs.
University of Calgary psychologist Piers Steel’s studies show that procrastinators perform poorly, experience low self esteem, make poor economic and financial decisions and suffer more medical problems than their non-procrastinating peers.
And sadly, procrastinators don’t just delay completing unpleasant tasks. They also end up procrastinating on opportunities to enjoy themselves, such as waiting too long to buy tickets for vacations, concerts or sporting events and either miss out on these or end up paying a lot more for them.
Think of a recent time when you procrastinated on something. What did it end up costing you? Was the cost financial, relationship-based or a reduction in self-esteem?
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