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 Message Thank you! Oops! Related Content The Financial Literacy Crisis Many Americans are operating their personal finances with only the barest minimum of knowledge. Navigating Retirement Pitfalls Why are they made again and again? Making sense of these errors in judgement. Does Your Child Need to File an Income Tax Return? When your child has income, there’s a good chance that he or she will need to report it and pay taxes.