Which is easier, money management or time management? How to do the budgeting?

Philippines
October 26, 2010 6:02am CST
I encountered many times being hooked up into such situation wherein I really don't know what to do first and how to handle such...I find it difficult to manage both money and my time that's why my life now is brain cracking.I keep on pointing out how to fix life. I don't know what to do best and how to start changing my attitude. I admit it to the point that I don't do much effort in budgeting my expenses and savings. Please tell which you think easier and how to do that management. Thank you guys!!!
1 person likes this
11 responses
@donsky14 (5962)
• Philippines
26 Oct 10
For me, its harder to manage money. I'm a big fan of shopping...and I easily get tempted when I see something that I like. But I'm slowly changing that...I think of whats important first, specially now that I have my own family. So just try finding an inspiration for your change...and I'm pretty sure that'll help you out. Good luck!
@puccagirl (7316)
• Israel
26 Oct 10
Being motivated and also being inspired by something helps for sure, I completely agree with donsky14 on that!
@donsky14 (5962)
• Philippines
26 Oct 10
Thanks for agreeing puccagirl
@puccagirl (7316)
• Israel
26 Oct 10
For me, money management has always been easier, so I will give you some tips about that (I am really bad with time management, so I don't think I am the right person to advice you on that, I am afraid!): - First of all, start by tracking EVERYTHING you spend for a couple of months, in order to see where your money is going. - After that, make a budget of where you want to be, and track your expenses in order to see how well you live up to the budget. - Make sure that the budget includes savings. You should save something, even if it is hard, all the time, because otherwise you will never be in a better position than you are now. With money management, getting started is the hard part, but once you start doing it, hopefully even successfully you get used to it, and it is not so hard!
@Shellyann36 (11415)
• United States
27 Oct 10
Totally agree with puccagirl when she says to track EVERYTHING you spend. You never really realize what you spend until you see it on paper. If you buy a coffee & breakfast, get a receipt and if you purchase something where no receipt is available write it down in one of those small note pads. I am a stickler about our household budget and I had everyone in the house participating. It is amazing to see exactly how much $ one can waste on normal every day things. Good luck!
@tkonlinevn (5784)
• Vietnam
5 Nov 10
As me, money management is easier. Because you can give decision with them. But you can't do the same with time.
• Philippines
27 Oct 10
For me, money is more manageable than time. Because I can do all budgeting, planning with money anytime I want and in whatever way I like it. But in time it is harder to manage because I can't stop time from running while in money I can stop myself from spending.
@soleya (1102)
• Latvia
26 Oct 10
For me time management is the hardest, because budgeting you can do with the help of good free online resourses and time management is fully depends on your ability to control all your actions, prioritize and act. Budgeting is all about making notes of spending.
• United States
26 Oct 10
I suppose if you have great time management skills then your money management would improve as well. As sometimes when we plan ahead we have to the time to seek bargains. When we do not allow enough time we are force to quick spend due to lack of time.
• Philippines
26 Oct 10
For me it is time monagement that is much easier. Budgeting and money management is quite difficult for there are always unexpected expenses that come our way. With that, the budget is being ruined.
@vijay12 (1643)
• India
26 Oct 10
While both are important,Money Management is more difficult.For example one has to manage one's time for not being late or being absent, for work, which earns one,one's money.But money is to be earned while time is available free, and the judicious use of the same,requires only determination.And if one is forced,especially regarding one's income one will be able to manage one's time.
@Theresaaiza (10487)
• Australia
26 Oct 10
I think for me, time is harder to manage than money because I tend to procrastinate a lot and put off a task for another time. When it comes to money, I'm not saying that I don't run out of it. I do but at least for now, it's not that stressful. I am still single and kind of dependent on my father for my basic needs. He understands though because I couldn't find any decent or stable job for now considering the circumstances that I am in at present. It helps to avoid having debts. My present principle is: I don't care if I don't have money as long as I also don't have debts.
@dloveli (4369)
• United States
26 Oct 10
I honestly think it depends on what you're doing at the time. If its your free time then I would have to say time is harder to manage. You are try to do all the things you have no time to usually do because of work. If its the holidays than I would say money is the hardest to manage. Overall I think they're both a little difficult to manage. I say do the best we can to oversee both. We are only human. dl
@hushi22 (4939)
26 Oct 10
as of now both are difficult, but time management is a bit easier because i have no full time work right now and am spending a lot for some paper works and class. sometimes i get a headache for thinking much about my budget in time management i group stuff i must do like the things i need to get done in the morning and evening. also, the things i need to get done at a specific time and place. once i group them i prioritize to know where to go first and save time.