How to Create More Time and More Money for the Things That Matter.

If you work during the day and attend classes in the evening, then you probably do not have time for all the things that you need to do.  You probably have lots of pending assignments and pending work and it is causing you stress.  Or perhaps you do not have evening classes but you just do not have time. You are too busy. If this describes you, smile you are not alone. This is a problem for many people. Good news is that it has a simple solution. 

Time management has been a problem since time ever. Many thinkers have put their mind to solve this problem, as such; there are numerous time management strategies. Steven Covey in his books: “First Things First” and “The Seven Habits of Highly Effective People” describes one strategy that I have found to work all the time. The same strategy applies when you want to save money. 

Sandra Barros' tweet on time management

Prioritization.

Prioritization is the key to good time management and good personal finance management. Prioritization means you identify what is important and only spend time and or money on only this. Simply put; only do what is important and ignore the rest.

How do you prioritize? How do you decide that this is important and this is not? Good question. There is no one universal answer; this depends a lot on you, your core values. Just as a guide, think of the outcome. Priority or important is that which has a high positive impact.

Let us think of a real dilemma where you have to choose to spend time on only one activity among two seemingly equally important tasks. Your bank has organized a financial literacy seminar this Saturday afternoon. You wish to attend because your finances are not looking good and you hope to learn a thing or two. Your high school alumni on the other hand has planned a meeting the same afternoon. It will be a good chance to reconnect with people, catch up and even get business leads. Of this two which one will you attend?