24 Hours Not Enough? Learn to Manage Time Like Money

To be fair, most of us have felt at one time or another as if we simply don’t have enough money. When that happens, we either look for an additional stream of income, or we refine our budget and try to work within it. Time is similar. However, because we can’t simply make more time, the latter approach is the default. What does it mean to learn to manage time as if it’s money?

Viewing Time As a Budget

We’re all working with the same 24 hours. That part of the equation is set. Where everyone begins to differ is the very diverse ways in which we use our 24 hours. Think of your 24 hours as an allowance you receive each day. You literally can do whatever you please with your 24 hours. But for most of us, it’s not that simple, right? We decide we want housing, clothes, food, financial savings, entertainment. All those things cost. They cost money and time [unless you literally have someone handing these things to you…in which case, please come over here and advertise YOUR coaching services]. Anyhow…these things cost what I’ve come to refer to as time dollars. In planning your schedule–because you should be planning your schedule–start with 24 hours, and subtract from that each time you schedule an activity. For example, your 8-hour workday costs 8 time dollars, leaving you with 16 remaining.

But actually…it’s inaccurate to begin by subtracting from 24…unless you count sleep!

Begin By Planning Time to Sleep

Sleep is so important that I always recommend starting schedule planning by setting a bedtime, deciding how long you want to ideally sleep, and scheduling a wake-up time accordingly. We underestimate the importance of sleep. While you may think you need time to go to the library, pick up your dry cleaning, and attend the birthday party you were invited to, your body places a much greater priority on repairing cells and tissues, encoding learned information into your memory, and restoring your energy. These very important activities are just a few that happen while you’re sleeping.

After Designating Sleep Hours

Let’s say you plan to get seven hours of sleep each night. After subtracting seven from your 24-hour time budget, you are left with 17 hours of time that can be allocated to work, fun, leisure, and everything in between. If you ever find yourself feeling tempted to waste time or engage in an activity that does not serve your well-being or contribute to the well-being of others in a manner you can afford, actively remind yourself of the remaining hours in your time budget. Then asks if it is worth allocating time to participate in the activity.

Practice Makes Perfect

If you are a person who struggles with decision-making and prioritizing tasks, you may struggle at first with deciding which activities are deserving of your time. Don’t be discouraged. Simply do your best to make a decision. Evaluate the outcome of that decision. Then carry that analysis with you as you keep moving forward in approaching each day as if you are on a strict time budget. Eventually, you will become better at ranking tasks according to importance, balancing social commitments, and becoming a better decision-maker and steward of your time.

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10 Strategies for More Effective Time Management – Free Cheat Sheet

 

Click HERE for Time Management assessment quiz!

We’ve entered the second half of 2018 and the beginning of Q3. Now is the perfect opportunity to assess how well we have been managing our time and to determine whether we are on track to have the 2018 we hoped for back in January.

Check out my 10-question Time Management Assessment quiz to see how you are measuring up, and receive a free cheat sheet that outlines 10 areas you can address today to reclaim and better manage your valuable time.

New Facebook Group

If you have not liked my Facebook page, please do so! In addition to the page, I recently started a Facebook group for like-minded professionals who simply want to be more productive at home and at work. I regularly offer tips and lead discussions on time management strategies, focus-building strategies, goal-setting, and general organizing.

This week, I am walking the group through setting monthly goals and creating a weekly action plan and daily schedule to break down the process of achieving those goals. Join us if you love talking about organizing and productivity or if you need a little help in those areas!

Let’s Get Personal

It’s safe to say the overwhelming majority of people who meet me, especially in a work capacity, view me as a “solutions-oriented” personality. The minute a problem arises, I quickly begin the process of finding and evaluating the best possible solutions. It’s pretty automatic. Sometimes process starts well before a potential problem can arise. Nevertheless, I recognize I don’t have all the answers […at least not immediately?]. In fact, I’ve found that my willingness to be “human” and to share the fruits of my own [admittedly sometimes wacky] trial-and-error episodes brings an added level of comfort and relatability when working with clients. I was at a workshop for startup founders and entrepreneurs tonight when the obvious occurred to me: I should be bringing that level of humanness to my blog. And with that, I’d like to introduce the #ItsPersonal tag!

My journey as an entrepreneur is fertile ground for the very same lessons and principles I impart to my clients day in and day out, week after week. I’m a believer in teaching and encouraging by example. Tonight, in a lightning bolt-esque moment, it occurred to me that others may also be able to learn and grow by getting an inside look at my own exercise in diligently applying the life-changing concepts I’m always sharing with others.

Through my #ItsPersonal posts, I will aim to share more of my personal insights as a young business owner (along with other more personal stories that impact me as an entrepreneur and as a pro organizer). I hope my stories will leave readers feeling motivated, inspired, (and maaaybe a little entertainment…).

In closing, I will highlight a particular principle that especially rang true for me today and inspired this post (…and the #ItsPersonal posts that will follow): sometimes you just have to pick a starting point and GO!

I’ve probably coached hundreds of people in taking the initiative to “launch,” whether it was the beginning of an organizing project, researching a next move, pursuing a dream, going abroad, applying for schools… But very recently, I’ve been quietly struggling with having several business-related ideas and choosing which to pursue…and in what order. After narrowing the ┬álist down to the most immediately feasible, I still found myself procrastinating and unnecessarily dragging out the regular tasks on my daily to-do lists–anything to avoid taking decisive action. ┬áToday, I was reminded that there comes a point at which there is one thing left to do, and it’s to take the first step forward. After taking that step, however large or small, you can always step backward, continue along the same trajectory, or even go left or right. But once you’ve planned, deliberated, and identified a goal, there is one guarantee: the act of standing in place won’t bring you any closer to it… #ItsPersonal