Navigated to The cost of financial procrastination

The cost of financial procrastination

October 7
13 mins

View Transcript

Episode Description

Procrastination is a bad habit at the best of times, but when it comes to our finances, failing to act can have serious consequences.

On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Shayne Sommer, a private wealth adviser at Shadforth Financial Group, to discuss the topic of financial procrastination and the ways in which it can be tackled.

00:00 Introduction

01:37 Common examples of financial procrastination

04:03 Psychological factors behind it

06:10 The consequences of financial procrastination

09:50 Strategies to combat procrastination

11:51 Imbedding good habits

12:45 Conclusion

#friendswithmoney #tomwatson #shaynesommer #financialprocrastination

Listen on Apple Podcasts

Listen on Spotify

Money Website

YouTube Podcast Playlist

Email Us: podcast@moneymag.com.au

Get stories like this in our newsletter: bit.ly/3GDirbR

Mentioned in this episode:

Best of the Best 2026 on sale now!

See all episodes

Never lose your place, on any device

Create a free account to sync, back up, and get personal recommendations.