When you put off pesky financial chores, your main excuse is probably, "But it'll take too long."
|Task||How long you think it will take||How long it took DailyWorth|
|Open a bank account online||10 minutes||20 minutes online + 1 week swapping signature cards for debit cards in the mail|
|Set up a 401k||An hour and a half||30 minutes to fill out the forms + 5 hours figuring out your contribution rate, researching target asset allocation, and combing through fund options|
|Roll over an old 401k||Two 2-minute phone calls||4 phone calls + 1 week or more of back-and-forth between you, the 401k company, and your old employer|
|Refinance your mortgage||4 hours and a trip to the bank||6 months of stalling + 10 hours of research + 1 week to get the paperwork together + 1 week to close the deal|
|Buy a stock/ mutual fund||Years of training||5 minutes if you have an online brokerage account (15 minutes to set up + 4 days to fund from your bank account)|
Originally published February 29th, 2012