Let’s Make a Time Budget!

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You probably have heard about how to correctly make a financial budget. The first step is to track where your money is actually going. Then, you take what you have (your income), and make a plan to tell your money where to go.

The same can be done with your time, but this difference with time is that we all have the same amount of it… 24 hours in a day, 7 days a week, and 52 of those weeks per year. If we are purposeful and intentional with it, we can do a lot with that time. Or we can choose to just let life happen and waste our time. It’s really up to us to make that decision.

The first step with making a time budget would be to track where your time is actually going. You can use my Time-Tracking Resource to do that. Print multiple copies so that you can do this over the course of a week for best results, as every day of your week may look differently. This will give you a clearer picture of how you are actually spending your time.

Here is my Time-Budgeting Worksheet to help you take the next step. Imagine that I am handing you 24 one-dollar bills. Each of these dollar bills will represent an hour in your day. Now, make a budget with that. Automatically, you’re probably going to devote 6-9 of these bills, or hours, to sleep, and maybe 1 hour to your daily quiet time. What will you do with the rest of the time you are allotted? Maybe you don’t need a full hour for something? I’ve given you space to divide up some of your hours by 30 and 15-minute increments. Just remember to cross out one of the “hours” at the top if you do that, because you only get 24 hours in a day – just like the rest of us. 😉

I’d love to know how this works for you! Let me know how you were enlightened by the way you have been spending your time or how you make a plan to spend it more wisely in the future.

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