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Applying Time Management To Money Management by Opinionated: 4:04pm On Nov 30, 2018 |
Time management is money management – Using the Principles of Managing your time to manage your money. You must be familiar with the phrase, ‘Time is money’. This is the daily reality for those that work in organizations such as academic, medical facilities among others, where the daily wages are being paid depending on the hours spent working. This fact does not elude those that earn a salary, because the principles of time management would help you manage your money. Managing your money and managing your time are very similar. Just like you can’t really get enough of both, you also wonder where the time went and how you spent it at the end of each day. And in the middle of the month, you wonder the same with your money. However, if you can learn how to manage your time or your money, you can transfer those principles to managing the other. Below are a few ways that you can apply the principles of managing your time to your money. Do a little bit, consistently One of the most basic rules of time management is not to overwhelm yourself with a mountain of tasks that seem unachievable within a short period of time. Try as much as possible to focus on a single task until complete, rather than trying to juggle two or more tasks together. If the task seems enormous as a whole, break it into bits. Doing small things reduces your task to nothing in no time. When it comes to managing your money, whether it’s savings, investing, loan application or repayment, putting aside a little bit on a consistently frequent basis is the surest way to turn a drop into a mighty ocean financially. There Are Limitations There are only so many hours in the day so you have to use them to the best benefit. Wasting your time means you will achieve lesser than expected and that would affect your overall productivity in the long run. The same goes for your money. While you do continually replace your money with new earnings, there is a limit to how much you currently have. Wasting it on things you don’t really need leaves less of it for the things you do need. The same way you might not have enough time in a day to so much, is the same way you might not have all the money in the world to buy all you want. Therefore you should be able to maximize your time and your money to do more for you. Make Commitments, Not Wish Lists While you may have a to-do list of things you want to accomplish within a specific period of time, you should be committed to completing the task on your to-do list. If for instance, you have a well-outlined task to complete a project, you should not leave it at that. You must be committed to completing each task that makes up the project. This also applies to your finances. If you have a bucket list of things you would like to do over a period of time, which you may consider to be your long or short-term money goals, you need to stay committed to the plans needed to achieve those goals. You have to stay committed to your savings or investment plan, in order to have enough money to bring your money goals to a reality. Finally, remember that time is not only money, but it is also expensive. Managing your time well would indirectly reflect on your money. Source: Applying Time Management to Money Management 1 Like 1 Share
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Re: Applying Time Management To Money Management by nairaman66(m): 6:52pm On Nov 30, 2018 |
Space not for sale!! Stay clear of fraudsters and my son Muhammadu Buhari and his friend lie Mohamed!! ![]() ![]() 2 Likes |
Re: Applying Time Management To Money Management by BOOMnaija(m): 6:52pm On Nov 30, 2018 |
Na by writing long essays? Op show me ur account balance first before i take u seriously. 2 Likes
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Re: Applying Time Management To Money Management by mansoura(f): 6:53pm On Nov 30, 2018 |
Quite educative! |
Re: Applying Time Management To Money Management by ishowdotgmail(m): 6:55pm On Nov 30, 2018 |
I don't understand anything up there |
Re: Applying Time Management To Money Management by sundaygray(m): 6:57pm On Nov 30, 2018 |
All this is too much abeg. No go give me headache, i know how to manage my money and time.. Even if I nor know no be wetin wan help me be this one |
Re: Applying Time Management To Money Management by Radiant1020(f): 6:58pm On Nov 30, 2018 |
The funny thing is the same amount of time is given to both the rich and the poor... God is not bias God should help us to start spending less time in nairaland and less money on data so as to focus in investing on our time and money wisely 9 Likes 1 Share |
Re: Applying Time Management To Money Management by easynetsms(m): 6:59pm On Nov 30, 2018 |
Ok |
Re: Applying Time Management To Money Management by bid4rich(m): 7:03pm On Nov 30, 2018 |
You are correct OP but everything still boils down to LIFE MANAGEMENT |
Re: Applying Time Management To Money Management by Chstel(m): 7:05pm On Nov 30, 2018 |
The earth is digitalize, our time need to be manage. To manage your time wisely. follow digitaltoff on twitter to know more |
Re: Applying Time Management To Money Management by Mexy4stan: 7:39pm On Nov 30, 2018 |
Very informative. Keep it up OP |
Re: Applying Time Management To Money Management by introvertme: 8:13pm On Nov 30, 2018 |
If na news about about bbnaija,atiku/buhari nonsense or even cleavage here go pack full with comments like is this news? Now, Not one "is this news" everybody dey dodge the thread like poison. |
Re: Applying Time Management To Money Management by uncjay(m): 8:16pm On Nov 30, 2018 |
Very good stuff.... But folks will just not read.. |
Re: Applying Time Management To Money Management by ADRIAN88(m): 8:59pm On Nov 30, 2018 |
Radiant1020: May your children not give you reasons to lament in this life, may wealth be yours, lasting wealth health, generational type of wealth is what I am prophesing onto your entirety, thank you for this sublime revelation. It shall be well with you and your enemies alike. 1 Like
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Re: Applying Time Management To Money Management by Belexy95: 9:25pm On Nov 30, 2018 |
Absolutely instructive. |
Re: Applying Time Management To Money Management by jaxxy(m): 11:07pm On Nov 30, 2018 |
Time is an essential ingredient of success. Many people are not aware of this Fact however. |
Re: Applying Time Management To Money Management by Ojowuojowu: 11:16pm On Nov 30, 2018 |
BOOMnaija: � hehehe |
Re: Applying Time Management To Money Management by kenneth58(m): 5:46pm On Dec 01, 2018 |
Nice essay Follow my signature for more real estates in Port Harcourt |
Re: Applying Time Management To Money Management by Radiant1020(f): 8:19am On Dec 03, 2018 |
ADRIAN88: Amen! 1 Like |
Re: Applying Time Management To Money Management by incomeboostng: 9:27pm On Dec 03, 2018 |
alright |
Re: Applying Time Management To Money Management by cacmatters(m): 6:00am On Dec 04, 2018 |
Nigerians needs this |
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