Thursday, April 18, 2013

Why don't we budget time?

It seems like everything I read about personal finances, one of the first things people recommend is having a budget. Except those that don't like the word "budget" they say have a spending plan. But the idea is always the same - plan what you are going to spend, and then follow the plan.

Pretty much the same goes with eating healthy. People plan what they are going to eat and then follow the plan. Examples include Weight Watchers (points system), Paleo (don't eat junk), and things like Nutrisystem (buy our food and eat that).

The one thing that people seem to not really think about budgeting is time. There are scads of methods of doing todo lists, project planning, prioritizing etc, etc. But very little similar to what I would consider a time budget.

Let's do a comparison. If you go out and spend money, you eventually run out of cash, overdraw your checking account, or hit your credit limit. You know when you have run out. You can do the envelope system or follow a budget and keep from going that far if you track your spending and stop before you hit your limit on any category.

Time: it is often that you can start on email, Facebook, Twitter, or maybe looking at cute cat pictures on Reddit and next thing you know what in the world it is 3AM, you meant to go to bed by 10:30 PM because you have to get up at 6AM the next day to go to work.

Very few people I have heard of do a time budget. In the above example - maybe at 10PM you could set a limit of 30 minutes to goof off on the Internet before going to sleep.

Is it hard? Or is it just something no one thinks about that often?

Sunday, April 14, 2013

April 2013 Goals - progress update #1

At the beginning of the month, I had a post about my goals for the month of April 2013 which seems to be going entirely too fast - especially for those late in filing their taxes. Luckily this doesn't include me.

Here is the list of goals I had planned and how I am faring on each of them.

* Work out every day at least 10 minutes - I'm hitting 100% on this one so far. Some days I barely get it in. My 3 1/2 year old daughter absolutely begs to do a kettlebell workout with me. This is not what you could call an intense workout, but it is a work. I'm rotating been that, a walk on the treadmill, Nike+ Kinect, and running outside now that the weather got nicer.

* Eat 80% paleo diet - this is one I'm probably getting right about half the time. Although I am not really tracking exactly what I eat so I couldn't tell you how far off I am for sure. Eating out and bringing junk food into the house for the wife and kids are my downfall here.

* Get down to 195 pounds - I'm down a couple pounds from the beginning of the month. This morning I was down to 200.6.

* Finish reading “Managing Humans” book by the guy who writes Rands In Repose - I had started reading this book last month and got a couple chapters in. So far it's been pretty enjoyable and has some good points. 

Side projects:
* Work on creating something every day at least 10 minutes (blog, writing, programming, websites, anything really) - I've got 100% on this one so far, although some days I don't really accomplish a lot. That is one of my big challenges - with a busy work schedule and kids that want to spend time with their daddy, sometimes I don't feel like I'm getting anything done. In the last week, I decided to prototype an app to see how I'm doing eating Paleo. I got as far as installing the latest version of Rails and setting up a couple scaffolds. Even that is much better than doing nothing because I'm "too busy."

* Read “Your Money or Your Life” book - when cuddling my younger daughter trying to get her to sleep, I have been reading this on my Kindle. I've made it through the first five chapters. The next one is "The American Dream - On a Shoestring" which I'm interested to see what the authors have to say.

Thursday, April 11, 2013

The Magic Word

Lately I have learned at work there is a magic word that is really hard to say and I don't use it often enough. It's not the words you'd think - "Please" or "Thank you" or even "I'm sorry." Those words we are taught since a young age - the words and when and where to use them drilled into our skulls to the point that I think everyone knows to use them (even the ones that don't).

I'm thinking of a different word even harder to say for someone who loves to help people. That word?


There's the point where things are just too busy to accomplish everything that you want to do. So you must say "No" to some things. This is going to either be by choice - you prioritize and intelligently pick and chose what needs to get done.

Or it could be more of by default. You try to do everything and just end up running out of time for some things. Who knows what gets done under this second system? It could be what is easiest, what is most fun, what people have yelled at you most to get it done, or just about anything.

I have also realized that I also need to remember this lesson at home, which tends to be a little harder to do.

So what gets done first? Whatever needs to be done to keep major problems from happening - paying bills, keeping the car repaired, etc. Next - whatever keeps making life better and better. Spending time with the kids and wife, learning new things, keeping in touch with friends, etc. Anything outside of those two things will need to fit into whatever time is left.

Friday, April 5, 2013

Gazingus pens are my Gazingus Pins

While reading the book "Your Money Or Your Life" I've run into a couple ideas that really hit me. I'll save my review of the book for later, but I'd like to share one idea from the book at this point.

The authors call this idea the "Gazingus Pin." I wish I knew where they came up with the term, but the idea is this: if you go to a store and there's some item that you buy without thinking even though you get no enjoyment from that particular item, that is your Gazingus Pin.

Examples they give in the book is someone who buys a new pair of shoes every month or upgrades to the latest cell phone even though their old one works fine and the new one has no new features they will actually be using.

I realized I have a few Gazingus Pins.

  1. Gazingus pens, I mean fountain pens. Really any kind of nice pen. I almost bought some Sharpie retractible pens at Staples the other day even though I am just fine with my fountain pens, Fisher Space pen, and Pilot G2 pens.
  2. Office supplies to help me get organized - planners, calendars, folders, index cards, etc. I've pretty much settled on using a combo of Levenger Circa and Staples ARC systems so I am mostly down to just spending money on the refills I need.
  3. Apps - being a developer and always on the lookout for a better way to do things in particular to be organized, I will jump on an app that is on sale that does something I want to do. I am particularly bad about buying note taking or todo list apps. I used to buy a bunch of budgeting apps but have settled down on that as there are a couple that I really enjoy using.
  4. Ebooks - I recently bought a Kindle Paperwhite intending that would help me do more reading. It has, but now I also tend to hit Amazon and buy any book I really want to read that our local library doesn't carry.
  5. Caffeinated beverages - I am not sure if this counts or not, but I'll buy pop or if I'm really tired, energy drinks without thinking about how much I'm spending.
So what is YOUR Gazingus Pin?

Monday, April 1, 2013

April 2013 Goals

I've decided to start blogging again and keep track of my goals and progress on them publicly. So here goes nothing... My list of goals for this month:

* Work out every day at least 10 minutes
* Eat 80% paleo diet
* Get down to 195 pounds

* Finish reading “Managing Humans” book by the guy who writes Rands In Repose

Side projects:
* Work on creating something every day at least 10 minutes (blog, writing, programming, websites, anything really)

* Read “Your Money or Your Life” book