I feel like this is kind of controversial for some people as they live and breath a rule of hanging onto their cash.
“Time is money” is the saying. But your time is actually invaluable. Once spent, you cannot buy it back, for ANY price.
At 0.1% interest, the interest charge on $250 for 4 weeks is $0.02 cents. There is NO point in waiting if you can get rid of that action item NOW. It’s not even worth talking about making anything more difficult for the sake of 2 cents.
There are many subtle ways to save time and it’s worth trying to adopt both big and small measures to get more done, faster and more effectively. Watch out what you leave to hang around on your action list.
Interest rates are low. Hanging on to cash does not deliver a huge benefit for small amounts of money. It does not make sense to delay paperwork you can do very quickly today when it will take you longer to finish down the track.
Looking back at an invoice and wondering what it was about 2 or 4 weeks down the track can really take up alot of time.
“Minimise Wasted Effort” is one of the objectives of level 3 of the ‘Fix This Next’ methodology - ORDER
This is a specific application of “the 2 minute rule” from GTD which I love.
You may incur a little bit more interest on your lines of credit but will likely save your time down the track.
