The Cost of Procrastination Procrastination can be costly. When you get a late start, it may be difficult to make up for lost time. Share | Have A Question About This Topic? Name Email Address Question Thank you! Oops! Related Content 8 Financial Lessons from the Big (and Little) Screen Financial lessons from movies and TV. The Importance of Beneficiary Designations Beneficiary designations allow assets to pass directly to whomever you designate thus by-passing the costs and time involved with the probate process. Social Security Taxes Estimate how much of your Social Security benefit may be considered taxable.