MANAGING TIME AND MONEY

CHAPTER 7

OBJECTIVES

• CREATE A TO-DO LIST

• EXPLAIN HOW TO AVOID COMMON TIME MANAGEMENT PROBLEMS

• IDENTIFY STRATEGIES FOR MANAGING TIME EFFECTIVELY

• DETERMINE HOW ATTITUDES, PRIORITIES, AND GOALS AFFECT MONEY USE

• DEVELOP A BUDGET FOR MANAGING INCOME AND EXPENSES

KEY TERMS• DEADLINE

• PROCRASTINATION

• OVERSCHEDULING

• DOVETAIL

• BUDGET

• INCOME

• EXPENSES

TAMING THE TO-DO LIST

• EVER NOTICE HOW SOME PEOPLE HAVE MORE TIME THAN OTHERS?

• COULD YOU USE SOME HELP IN YOUR TIME MANAGEMENT SKILLS?

• EXPERTS IN TIME MANAGEMENT HAVE DEVELOPED TECHNIQUES THAT WORK!!!

• THEY ARE:

TIME MANAGEMENT TECHNIQUES

• IDENTIFY RESPONSIBILITIES AND GOALS

• MAKE A TO-DO LIST

• ESTABLISH PRIORITIES

• PLAN YOUR SCHEDULE

IDENTIFY RESPONSIBILITIES AND GOALS

• STEP BACK AND TAKE A LOOK AT WHAT IS IMPORTANT TO YOU!

• WHAT DO YOU WANT TO ACCOMPLISH?

• WHAT ARE YOUR RESPONSIBILITIES?

MAKE A TO-DO LIST

• WHAT DO YOU HAVE TO DO DURING THE DAY?

• SCHOOL

• HOMEWORK

• WORK

• SPORTS

• CHORES

ESTABLISH PRIORITIES

• WHAT NEEDS TO GET DONE AND WHEN

• A – TASKS THAT MUST GET DONE

• B – TASKS THAT SHOULD GET DONE

• C – TASKS THAT YOU HOPE TO GET DONE

PLAN YOUR SCHEDULE

• ONCE YOU HAVE SET YOUR PRIORITIES, CREATE A SCHEDULE

• USE A CALENDAR OR PLANNER

TIME TRAPS TO AVOID

• PROCRASTINATION – THE TENDENCY TO PUT OFF SOMETHING UNTIL LATER

• OVERSCHEDULING – TRYING TO ACCOMPLISH TOO MANY THINGS IN A LIMITED AMOUNT OF TIME

USING TIME WISELY

• DO UNPLEASANT TASKS FIRST

• AVOID DISTRACTIONS AND INTERRUPTIONS

• SET UP A SCHEDULE

• TAKE A SMALL STEP TO GET STARTED

TIME-TESTED STRATEGIES

• BE PREPARED AND ORGANIZED

• ALLOW ENOUGH TIME

• DOVETAIL ACTIVITIES

• BE REALISTIC ABOUT WHAT YOU CAN ACCOMPLISH

• BE FLEXIBLE

MONEY MATTERS

• LIVE WITHIN YOUR MEANS

• MEET GOALS TO PURCHASE SPECIAL ITEMS

• PREPARE FOR FINANCIAL EMERGENCIES

• GAIN AND MAINTAIN A SENSE OF FINANCIAL INDEPENDENCE

USING A BUDGET

• BUDGET – A PLAN FOR SPENDING AND SAVING MONEY

• INCOME – MONEY YOU TAKE IN AND HAVE AVAILABLE TO SPEND

• FIXED EXPENSES – EXPENSES THAT DON’T VARY FROM MONTH TO MONTH

• FLEXIBLE (VARIABLE) EXPENSE – EXPENSES THAT VARY IN AMOUNT FROM MONTH TO MONTH

HOW TO CREATE A BUDGET

• ESTIMATE YOUR INCOME

• ESTIMATE YOUR EXPENSES (USE WHAT YOU SPENT THE PREVIOUS MONTH)

• FIXED

• FLEXIBLE

• COMPARE YOUR EXPENSES AGAINST YOUR INCOME

ACTIVITY

• CREATE A BUDGET