Budget Time Like Budgeting Money For Savings, Bills, and Guilt-Free Spending
<p>There is a common saying that “time is money.” From my understanding, the phrase is about how time is valuable, and you should invest your time to build skillsets that will help you make money. It also means that one should be more productive and efficient so you can make more money from the time you spend.</p>
<p>Recently, I started to ask myself if time is money and if I budget my money a certain way, I will also start budgeting my time that way.</p>
<p>On the day that I get paid, I have a habit of splitting my money into three buckets:</p>
<ol>
<li>Savings</li>
<li>Bills</li>
<li>Guilt-free fun spending</li>
</ol>
<p>I started similarly looking at my time. I receive a time paycheck of 1,440 minutes every day I am still living. With that time paycheck, I start allocating it to work on my personal goals (savings) and work/responsibilities (bills) first before I assign the remaining time to relaxing/socializing (fun spending).</p>
<p>When budgeting money, you generally want enough to cover your bills and save towards your goals before allocating funds to fun spending. If you are not mindful of how you plan on spending your money, you might overspend on fun spending and not have enough for your bills and/or your saving goals.</p>
<p><a href="https://medium.com/@Eduardo.Ugalde/budget-time-like-budgeting-money-for-savings-bills-and-guilt-free-spending-84f992d38326"><strong>Read More</strong></a></p>