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StitcherIt’s not a secret that time management relates to managing money— how you budget your time can say a lot about how you manage your finances. In this episode, Frugal Friends wants to help you understand the relationship between time and money spending, in order to manage both in a more beneficial way for you.
When you get good at managing time, you get good at saving money.
Sponsors:
- Hurricane Ian relief. We feel for the people who have lost everything; businesses, jobs, and lives. It has devastated the communities. We want to help in the best way that we can. So, if you go to frugalfriendspodcast.com/ian, you can donate directly to the Southwest Florida Emergency services organization, who have been working hard in Fort Mayers as an established local who is not going for profit. We are confident in giving our money there and are still matching donations ourselves for another week. We encourage you to donate to a local organization that aids residents.
Check out some relevant episodes
Manage Your Time and Master Your Money
Effectively allocating time now means having more to “dispose” off in the future, and the same goes for money. This article from Money Management International helps us achieve the understanding that time isn’t the core that we manage, it is ourselves who we manage in the midst of time.
What Jen + Jill have to say:
The reality that we all need to face is that time and money within our grasp should be well taken care of. Jill believes that taking control of our life now, even imperfectly, makes whatever we face next much easier to handle. Taking control can help us make better decisions on how we handle time and where we spend our money.
Jen takes on emphasizing how both, as resources, are limited to what we may own in the period being. Keeping in mind that what we have is what we have, we may obtain more money but it is still as it is only limited to what is “ in our hands”. Though finite, there isn’t a limit on how we can help ourselves in tracking them due to the many possibilities and tools that we can utilize.
11 Time Management Tips That Work
No matter how many steps we take to pinpoint the time of day, there are only 24 hours available for us. This article by liveabout lists 11 tips that will help everyone efficiently manage time, increase productivity, and stay cool and collected.
What Jen + Jill have to say:
Jill believes that time and money are similar in how we question where they are headed to. We come to the reality that as time passes, it cuts down what is available to us. Thus, teaches us that we should know what part of our lives to give more attention to than the latter. This is the same with money wherein we should keep in mind to designate costs and spending in what should be prioritized more.
Jen implies that it depends on our varying behaviors. She implies that we cannot change time thus we must keep in mind that knowing the steps to take in taking hold of our lives, whether big or small, affects the outcome of what comes next. There are such efforts that just suck the life out of us which evidently should just be set aside.
What's been our biggest WASTE of time and/or money
Anytime Jen has to do something twice and social media for Jen!
Bill of The Week
Thank you Jill for sharing your bill about checking your a/c, finding a leak, getting a repair went from a $90 repair to a $3-4K expense BUT had the money to pay it from emergency fund!
Thanks so Much for Listening!
Thanks so much for listening! Many of you know we have a private community where we do monthly money challenges and offer accountability groups. We want to congratulate one of our members for a big win:
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I really like your identification of how having Prime made everything *feel* urgent (MIND BLOWN).
I am not ready to cut Prime yet, but I sure do have a grounding question (is this urgent, or does it just *feel* urgent because I can imagine having it delivered to my door in one or two days?) to ask myself before I order. NICE.
I have NOT ordered at least five things in the last few days since I read this because I recognized that the urgency was not reality.
Congrats! Thanks for listening and if you want to check out our monthly challenge community head to frugalfriendspodcast.com/club to see what challenge we have coming up next.
Keep leaving us reviews on iTunes or Stitcher, and sending the screenshot to reviews@frugalfriendspodcast.com. And don’t forget to share your favorite quote from the episode by using the hashtag #FrugalFriendsNote. 😉
