Think the only ways to save money are by spending less and couponing? Well, you have come to the right place because you might be missing out on one of the biggest ways you can save money. Not to mention, this will improve your life in more ways than just saving money. The key is time management. Time management isn’t just a business term, you can use the same tactics and apply it to your life as a mom and manager of the household. Focusing on time management drastically improved my life and here I’ll share all of the ways I’ve done it and improved my ability to save money.
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What happens when you don’t prioritize time management?
Life as a mom is busy. I truly never understood how hard moms work until I had kids. It doesn’t matter if you are working, staying at home or even working at home. If you have kids, you are pressed for time. Without time management, you will find yourself always doing things inefficiently simply because you don’t have the time to change it. You also don’t have the time to prioritize activities or tasks that will help you save money. Instead, you usually end up spending a lot more time and money than you wanted. Not to mention the added stress and craziness that never having “time” results in.
What happens when you prioritize time management?
Amazing things! With the correct tools, you can better organize how you spend time and effectively use wasted time during the day. If you start to look at your typical days, you will be shocked at how much time is wasted in 5-15 min intervals that you could instead utilize to get things done. Here is a list of nine items you’ll be able to do once you prioritize time management. Keep reading to see how prioritizing time management can change your day to day and the amount in your bank account.
9 Ways Time Management Will Improve Your Life
1. You have time to improve the organization of your house
Organization is more than just finding a spot for everything in your house. Think of organization as increasing the efficiency of how your house runs. For example, to be able to wipe down bathroom counters, if you always have to spend 15 minutes decluttering the vanity, then you are wasting time. Once you prioritize time management, you’ll free up time allowing you to focus on adding organization to the bathroom. Now, you spend only 5 minutes wiping down countertops and have freed up even more of your time. To improve organization, use our organization inventory worksheet in our printable library to determine what your house needs and use your money more effectively to buy only furniture and other items you need. Read our detailed guide on organization here.
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2. You can spend less time and effort cleaning your house
Even since becoming a mom, I am continually shocked at how many more chores need to be done to keep your house up and running. It can get to the point where you feel like all you do everyday is chores and the list is never ending. The worst part is if you fall behind, everything is that much harder to clean. Here is where time management can really help you. By having a system in place that has been optimized to meet your needs, you will be able to make effortless to-do lists and seamlessly fit cleaning into your day without it being your whole day. The key is using wasted time effectively and optimizing your daily routines.
3. You can plan ahead
We all have those days where we essentially wake up already behind and as a result feel like we have to rush through our whole day. Now, those days will always exist no matter what because, well, life happens. However, you can dramatically reduce these type of days, and as a result the stress that comes along with it, by improving time management. The payoff is a lot more than just decreased stress, which in my book is already huge.
You won’t leave the house as often with a half-packed bag, having to pay for what you forgot. You will only buy what you need because you had the time to thoroughly plan out what you need. And you will never miss a sale because you have time to hit end of season shopping or even just to hit the clearance racks while out.
4. You can actively budget
Keeping track of what you spend and where you spend it is key to budgeting but doing so takes time. If you are able to dedicate time to budgeting, it can make a big difference in not over-spending and eventually in how much you save. If you are new to budgeting or want to be better at budgeting, read my article on the easiest way to budget, with a downloadable worksheets. I also include tips that will go a long way in addition to actually crunching numbers. However, I promise you the first step is finding time to budget and that means prioritizing time management.
5. You can bulk meal prep
If you haven’t yet been introduced to the wonders of meal prep, well, you are really in for a treat. Meal prep is a game changer. It is truly the gift that keeps on giving. You spend so much time feeding your family, from planning meals and shopping to actually making the meals and cleaning up the kitchen messes. My favorite type of meal prep is freezer meals that require no cooking ahead of time. You can bulk prep 7 to 30 dinners in one afternoon, from one grocery shopping trip. Not only will this save you a ton of time, it also saves you money because food is less likely to spoil, you don’t overbuy, and you are less likely to eat out as dinner is now SO easy to make. I wrote a post breaking down the time savings from meal prep. I also highly recommend Kelly from New Leaf Wellness’s Freezer Meal prep cookbook with over 100 recipes.
6. You can shop around and compare prices
If you are pressed for time, you probably aren’t getting the best deals. Knowing the best places to get items takes time. So again, you need more time to actually be able to save. Shopping around and comparing prices is a huge way to save money and after you do your research, you will continually benefit from it every time you shop. Instead of buying that overpriced milk, you now buy that milk at a reduced price, benefiting every week. Over time, you will really start to see the rewards for getting great deals but first you must find the time to do so.
7. You can have free time
I never had free time as a mom until I started prioritizing time management. Once I was able to better split up my time each day and have free time, I got to spend it as I wanted. One of my first priorities here was time for myself, even simple things like taking a long uninterrupted shower. My second priority was to then turn all of that free time into improving our house. Once you free up time, you can now spend it however you want.
8. Once you save some, you can save even more
As you start to save money, you can put it toward home or energy improvements which can help to cut bills and allow you to save even more. Once you start saving, you can start investing to save more.
9. If you save more, you can start to earn more
Not only does time management allow you to save more money to invest, but it also gives you more time each day. Now turn around and take that extra time and money and turn it into even more money. Remember, the amount you can save is limited but the amount you can make is limitless.
How do you start prioritizing time management in your household?
Hopefully by now, you see that prioritizing time management is an awesome step to improving your life and your pocketbook. Where to start? That depends on what you are looking for. Start with assessing your typical day if you want to see where you are wasting time in your day or where is most of your time going. You can also start by improving your time spent on a specific task such as cleaning or meal prep.
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