Financial procrastination: You’ll act on these tips — one of these days –

Missed financial opportunities abound, whether it's in getting a late start in retirement planning, failing to draw up a will or simply not having enough cash on hand to meet emergency expenses. People also have a "present bias, " or tendency to underestimate the importance of future consequences when making decisions, according to Shlomo Benartzi, a UCLA professor and author of the book, Save More Tomorrow. "People greatly prefer to spend now rather than save for the future, " he noted.

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