By DailyWorth Team Sent: Wednesday February 29, 2012

Time is money, they say—and that’s especially true when it comes to getting those pesky financial chores done and done.

We want to help.

Here, a handy money chore reality-check chart to give you an accurate idea of what's involved, and reduce your frustration so you can trim that to-do list:

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)

 

Reality check. What financial chores do you dread the most?