Time is Money
- Any time you spend having to clean up your messes is time you could be working or doing something more productive.
- Stay organized and keep a time budget to allocate your resources as best as you can and save time and money.
- Don't miss any due dates for bill payments, library books, tests, etc. Those late fees (and interest, in some cases) can add up and deal a blow to your budget.
Time is Money
Have you considered the impact your schedule has on your budget? Your time is invaluable in this world where speed and punctuality are priceless. Here are some time-saving-money-saving tips to help you now and in the long run:
How to Stay Organized
Staying organized is one of the best ways to save time and money. Here is a list of ideas you can use to help you get started with your own system of organizing your life:
- Prioritize. This is one of the first things you should do to begin arranging your organizational system. Make sure you have a written list of the things that are most important to you in life and coordinate your time around those priorities. You might also want to sit down and prioritize your current responsibilities at the beginning of each week, month, and year so as to plan around time-sensitive projects and goals.
- Write things down. The proverbial saying "the dullest pencil remembers better than the sharpest mind" rings true for all. Whatever you use, whether it's a notepad, a planner, or a digital calendar, keep track of everything you need to accomplish each day, especially tasks that carry a due date.
- Get rid of clutter. Every time you finish using something, put it where it goes. Don't just shove papers into random places in your backpack or hide your candy wrappers in the deepest recesses of your car seats. Maintaining a neat environment wherever you are will help you focus and actually save you time (and therefore, save you money) in the long run.
- Keep a time budget. This is equally as important as living by a monetary budget. Time, like money, is a limited resource, and you should carefully allocate your time where you need it, just as you would with your paycheck. You can use digital apps to help you set up a calendar or planner or you can use a paper planner. Make sure you know exactly what you're going to be doing during the day. Don't forget to set aside plenty of time for meals, sleep, transportation, and organizing your planner for the next day and/or week.
- Follow up. Holding yourself personally accountable for staying organized is key to effective time management. Keep track of how you did during the day and week by keeping a journal. Acknowledge where you've succeeded and where you can continue to make improvements. Doing this on a regular basis will bolster your self-confidence and help you take control of your own life.
Keep a Tickler File
This is one of the most effective ways to stay organized with all the papers you receive from school, work, etc. Click here for a brief tutorial on how to use a tickler file.
Many organizations such as credit card institutions, universities, libraries, banks, lenders, and even the testing center charge you a late fee for not completing certain tasks on-time. Don't make this rookie mistake and pay extra when it's unnecessary. Certain late fees can be pretty devastating (such as interest paid on a credit card bill), and even the seemingly small late fees can add up quickly to damage your budget. Use the above tips and any other time-management methods that work for you to help save you even more money.