SSA Cavendish (Shafina Khatun)
I think an article has been long overdue and this one has been sitting inside my netbook *pauses* I want to say gathering dust but that doesn’t seem correct.
Time passes by, you live in the now. The now. The now. The seconds you took to read that sentence have passed. Time is life itself whereas money helps us to live our life. The only difference is, that once time is lost that’s it. However, with money there’s a chance that we can gain back our losses.
Ask yourself this question, really be honest with yourself. How much of your time and money is used wisely? We tend to waste these gifts. Don’t think I don’t see you sitting on the sofas chatting away when you have assignments due, or spending way too much time on Facebook in the computer room when…don’t you have an assignment due? I’m kidding, some gentle humour but none the less we really need to start becoming ‘W.E.S.T students’ when it comes to these precious two.Let’s begin.
Where does your time go? This is a technique I tried out for a couple of days and it did make a significant improvement. If I feel like I’m being lazy I go back and try it again. During the next week or so for maybe 3-6 days try to record what you do with your time. This is known as an activity log and you don’t need to give an exact estimate such as:
7.00 am awake in bed
7.01 am still in bed
7.10 am still in bed
7.12 am go bathroom and brush teeth
I mean a rough outline to get a general idea.
-Morning routine (1 ½ hour)
-University lectures (10 to 1)
-Lunch (1 pm)
-2pm to 7pm should have been working on assignments or revising but spent way too much time doing nothing or too busy socialising with friends.
Let’s ask ourselves what we could have achieved?
You can find more details about this technique online or in time management books. I just wanted to provide a basic stepping stone for you.
Let it all out of your mind and delegate: my next suggestion is to do a mind-dump when you feel like there’s too much going on in that brain of yours. Write down all the things you need to do, such as the shopping, starting assignments, doing the pre-reading. Have a look at it and start to delegate tasks based on how crucial they are, or when they need to be done by. Perhaps you could make a daily list by picking tasks from your huge one. Take a deep breathe, relax yourself and go with your intuition because then you’ll realise what’s important. One amazing book I would recommend is ‘Time Management for Dummies’ by Jeffrey J.Mayer where he talks about the use of a Master List.
What time-management tips do you have? Comment below
Ever received your bank statement and sighed in disappointment, or felt shame for the money wasted? As you should know where your time goes I would suggest that you do the same with money.
Know where your money goes: keep a note of how much you earn on a monthly basis, what you use it for (such as bills, travel, books and shopping) and identify wastes.
Budget: Learn to budget and try to set a limit every week that you can’t go over. If you buy a type of chocolate bar, drink or crisp ask yourself if it was convenient to buy it as a multipack? Are you able to sacrifice the Nandoes, KFC, McDonalds on a regular basis for something cheaper and have the fast food once or twice a month? Perhaps the time has come for you to learn how to make a peri-peri chicken, perfect crispy wings or the tastiest meat burger. Why not learn to make what you love to eat?
Why sacrifice I mean what’s the point? You may not see the need of budgeting. From my personal perspective, making small sacrifices every so often with my money means I save more. At the same time I know a time will come when my money will be going towards bills, loans, taxes and I may need to sacrifice some luxuries to handle the burden financially. You might think what’s the point bothering now, shouldn’t I just enjoy myself? I would say exercise a certain degree of discipline on yourself so it’s not that hard in the long run. We may feel rich today but tomorrow could be a different situation. My advice is not to recklessly waste what you have but to use it wisely. But do treat yourself when you deserve it.
Watch the student video accompanied with this article. I love it, the views sound so familiar. *cheeky grin*
I’ve given a few tips to get us started so that we research and acquire the skill of money and time management. What money saving tips do you have? Comment below with your answers and don’t forget to follow, like and contribute to the blog.