One of the reasons why people don’t have a better handle on their money is because, with our busy lives, we just don’t make time for it. Here are some strategies to help you prioritize wealth building.
Money Time Management Strategies
Prioritize. There is a time management concept that talks about your priorities as “big rocks.” Is wealth building and getting better and better at managing your money a priority? Then you have to make time for it, period. Starting out, it might just be reviewing spending and looking for opportunities…the more clarity you have, the more your activities evolve. The point is, prioritize it and start.
Clarify. Maybe you need to understand where your excess time goes? For $9 a month (with a 14-day free trial), Rescue Time will clock your daily habits to show you how long you’re away from your computer or on certain sites or applications, provide weekly reports of your productivity, and even (if you want) block you from distracting websites.
Focus. We only have 90-minute attention spans; the brain can concentrate on anything if it knows a break is coming soon. The Pomodoro Technique exploits this and encourages you to choose your most important task and do it first when your willpower is strongest and your mind freshest, then plan to devote your attention in 30-, 45-, or 90-minute sessions, with breaks in between.
Organize. Evernote makes it easy to keep your financial statements, projects, ideas and even images together. Plus, the software allows you to record conversations to cut down on your note taking and the means to share your new and improved files with family members, taking efficiency to a new level. If you’re looking to see what other tools might be out there, here’s an article that compares some of the best note-taking apps available.
My 2018 planners are available too and a great took for getting your finances organized! Click here to get your new planner and a lot of other super valuable resources.
Concentrate. Focus at Will uses music scientifically optimized to boost concentration. The site asserts, “When choosing music for a workplace, it is best to use music that workers neither like nor dislike.” To find out what tunes this could possibly include (there’s a lot of classical instrumentals), sign up for a 30-day free trial or pay a monthly fee of $5.99.
While we’re talking music, our friends over at MusicOomph.com have put together a really great article about how music helps improve concentration, creativity, and productivity. Check out their comprehensive article here.
Automate. Digit is a funky new bank that actually helps you “harvest” dollars and capture more savings from your regular bank account by analyzing your spending and transferring dollars to your Digit savings account (and they guarantee no overdrafts will happen, or they will pay for them!
As year-end quickly approaches, we’ll all start preparing to make next year better than this one. So this is the perfect exercise to set yourself up for more success in the new year!