They say time is money, and if that’s true, we can learn a lot about time management from the way we manage our finances. We take such care to manage and track our money and it’s not even a finite resource. There is always a possibility of getting more! That’s not true for time. We only have a set amount, so we should treat it with the utmost care. Here are three ways to treat time as carefully as we treat our money…
1. Track it diligently
To keep from overspending, many people keep a budget. Whether you save your receipts, keep a spreadsheet, or categorize your credit card expenses, tracking where your dollars go is a good way to keep more of them in your pocket. The same is true for tracking time. Track your time for a day or two to see where you’re over or under spending.
2. Avoid impulse purchases
Ever walk into a grocery store for milk, and come out with milk… and a soda? Impulse purchases are those pesky little unplanned expenses that add up so gradually we don’t realize they’re derailing our budget. Time killers are the “impulse purchases” we make with our time. Not work, not planned relaxation, but rather mindless distractions we allow to steal our focus. Get rid of those distractions so your work finishes sooner!
3. Save for a rainy day
It’s important to save for emergencies so you can pay for that flat time or busted water heater when you least expect it. It’s just as important to save for time emergencies. Have your support network in place so you know who to call when you’re faced with a sudden time constraint you didn’t prepare for. Have your materials organized so it’s easier to ask for help. Anticipate when your hectic times will be and ask for help in advance.
Be sure to treat your precious resource of time carefully!
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