Articles & Tools

The relationship between time management and budget management

Author: Marina Dvir
Learn how to adapt time management tools to avoid financial procrastination

Management, management, management

Try to add the word ‘management’ to every area of your life.

Friends management, career management, family management, time management, money management (feel free to add). How does this supplement make you feel?

Management – is the process or set of actions of the leadership and leadership of an organization. Each of us is a leader of our own lives.

So time like money, like friends, like family – if we don’t manage it, it will manage us.

We should start managing our lives and leading them where we really want.

Time management – allows us to be more available and available, reminds us to periodically check our tasks, re-prioritize them and maybe even add tasks such as “checking checking accounts on fixed and important dates”.

Where do I start?

  1. Create a to-do list (all tasks – including going for a walk with the dog)
  2. Arrange in an urgent / important table
  • Urgent and important – this quarter is called “adrenaline” – tasks that we should have done yesterday, actions of great importance, you must rank them as a top priority, these are tasks that must be done now and therefore will enter the calendar first.
  • Important and not urgent – this quarter is called “quality time”, their importance is second – but it is important to prioritize them and put them in the diary. These are tasks that will advance you in the future (studies/ sports/ relationships/ hobbies) if you do not invest in these tasks when you have time – they will become urgent!! You must perform these actions at a second level of importance.
  • Unimportant and urgent – this part is called “interference”. Tasks that take time and energy away but don’t contribute in the long run. They take time from you but are not of real value and still need to be done. We will put these tasks in the diary after we have embedded the “quality time”.
  • Neither important nor urgent – a quarter of the “waste” – unnecessary emails, personal phone calls, surfing social networks, unimportant or unproductive meetings, anything that makes you postpone tasks from “important and not urgent”.
  1. Activity times and management times – divide your time, into action time and management time, you know yourself best, when you are focused and can sit continuously on a task.
  • Do-making time – times for work that requires you to focus on building important presentations, important emails, writing a work plan and more.
  • Management time – time for routine tasks like: emails, WhatsApp, regular reports, work meetings, planning schedule.
  1. Deciding – where do you manage your time?

A diary, a notebook, Google – everything works, the main thing is that the schedule is written and prepared in one place.

  1. Placement of tasks in the schedule – daily/weekly/yearly
  2. Check the efficiency of work processes – even simple or very routine processes such as: the way you shop – how long does it take you? Is there a more effective way to do this?
  3. Control – once a week, on a fixed day, review your tasks and make sure the prioritization is relevant – make adjustments for the coming week.

Time management requires time and practice, but if we don’t try, we won’t know how much time and headaches you can save.

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