{"id":6236,"date":"2022-09-23T03:00:00","date_gmt":"2022-09-23T08:00:00","guid":{"rendered":"https:\/\/www.kerryaclark.com\/blog\/?p=6236"},"modified":"2022-09-23T01:00:56","modified_gmt":"2022-09-23T06:00:56","slug":"time-transactions","status":"publish","type":"post","link":"https:\/\/www.kerryaclark.com\/blog\/time-transactions\/","title":{"rendered":"What&#8217;s in a Time Budget?"},"content":{"rendered":"<h2>Preparing Your Time Transactions<\/p>\n<p><strong>Budgeted Time &#8211; Part 4<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Your calendar represents your daily calendar transactions. Like a bank statement that lists your financial transactions, your calendar holds your time transactions. Let\u2019s <\/span><strong>think of the items on your calendar as time transactions used against your time-budget.<\/strong><span style=\"font-weight: 400;\"> In this way, you can see how you\u2019re spending your time. Since we&#8217;re making transactions we must determine what type of transactions are available. You can track set appointments, meetings, events, and even journal entries of time used. Your time tracking ledger could include such things, but not limited to, movies watched, games attended, or errand run. In this way, we can go back and review our time ledger to evaluate how we spent our time. With a time ledger one can easily review and remember what he or she was doing on any particular day. Be as meticulous with your time tracking as you are with your financial tracking.<\/span><\/p>\n<p><strong><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-6237 alignleft\" src=\"https:\/\/i0.wp.com\/www.kerryaclark.com\/blog\/wp-content\/uploads\/2022\/09\/20220923-TIF-SM-Whats-in-a-Time-Budget.png?resize=400%2C400&#038;ssl=1\" alt=\"\" width=\"400\" height=\"400\" srcset=\"https:\/\/i0.wp.com\/www.kerryaclark.com\/blog\/wp-content\/uploads\/2022\/09\/20220923-TIF-SM-Whats-in-a-Time-Budget.png?resize=400%2C400&amp;ssl=1 400w, https:\/\/i0.wp.com\/www.kerryaclark.com\/blog\/wp-content\/uploads\/2022\/09\/20220923-TIF-SM-Whats-in-a-Time-Budget.png?resize=1024%2C1024&amp;ssl=1 1024w, https:\/\/i0.wp.com\/www.kerryaclark.com\/blog\/wp-content\/uploads\/2022\/09\/20220923-TIF-SM-Whats-in-a-Time-Budget.png?resize=150%2C150&amp;ssl=1 150w, https:\/\/i0.wp.com\/www.kerryaclark.com\/blog\/wp-content\/uploads\/2022\/09\/20220923-TIF-SM-Whats-in-a-Time-Budget.png?resize=768%2C768&amp;ssl=1 768w, https:\/\/i0.wp.com\/www.kerryaclark.com\/blog\/wp-content\/uploads\/2022\/09\/20220923-TIF-SM-Whats-in-a-Time-Budget.png?resize=300%2C300&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.kerryaclark.com\/blog\/wp-content\/uploads\/2022\/09\/20220923-TIF-SM-Whats-in-a-Time-Budget.png?resize=600%2C600&amp;ssl=1 600w, https:\/\/i0.wp.com\/www.kerryaclark.com\/blog\/wp-content\/uploads\/2022\/09\/20220923-TIF-SM-Whats-in-a-Time-Budget.png?resize=100%2C100&amp;ssl=1 100w, https:\/\/i0.wp.com\/www.kerryaclark.com\/blog\/wp-content\/uploads\/2022\/09\/20220923-TIF-SM-Whats-in-a-Time-Budget.png?w=1080&amp;ssl=1 1080w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/>Preparing for Time Transactions<\/strong><b><br \/>\n<\/b><span style=\"font-weight: 400;\">There are two concepts we need to master in order to make the best use of our calendar: 1) add margin and 2) go overboard with time entries.<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Add <\/span><a href=\"https:\/\/www.kerryaclark.com\/blog\/tag\/margin\/\"><span style=\"font-weight: 400;\">margin<\/span><\/a><span style=\"font-weight: 400;\">. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">I always like to start with margin. When a person begins seriously using their calendar to manage their life, one tends to over extend themselves by underestimating how much time is needed. When this occurs a person will overbook himself or herself and create overload. Therefore, I suggest to begin with always thinking of how you can put margin into your calendar. For example, for every one hour of an activity you have scheduled, give yourself a buffer of 30 minutes before another appointment can occur. In other words, work to have 30 minutes between all your activities to <\/span><strong>give yourself space and room for margin.<\/strong><span style=\"font-weight: 400;\"> You would be surprised at how many professionals have to find time to go to the restroom during a workday because they have those back to back meetings. Find a way to add margin. Following work meetings that I know I&#8217;ll have takeaway items, I add an appointment immediately following for about 30 minutes so that I can process my notes, delegate activities, and\/or create next action plans. Leave yourself space to breathe, we call it margin.<\/span><span style=\"font-weight: 400;\"><\/p>\n<p><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Go Overboard with Time Entries<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Be prepared to go overboard with calendar entries. Keep in mind that this is your calendar and you want it to be as useful to you as possible. Schedule everything, down to processing emails if necessary and personal down-time. I have appointments for sleep so that I can visually see what time I have available and where I fit my rest into my day. As you know, not all our days&#8217; activities begin or end at the same time. Therefore, you want to plan for this. We call it <\/span><a href=\"http:\/\/www.kerryaclark.com\/budget-time\"><span style=\"font-weight: 400;\">budgeting time<\/span><\/a><span style=\"font-weight: 400;\">. This way not only can you see what you have in front of you, you can evaluate the time spent. <\/span><strong>By using a calendar to visually see your time budgeted out, you never have to assume you have time for activities when you don\u2019t.<\/strong><span style=\"font-weight: 400;\"> So go overboard with calendar entries if that&#8217;s what it takes.<\/span><\/li>\n<\/ol>\n<p><strong>Time Transaction Categories<\/strong><b><br \/>\n<\/b><span style=\"font-weight: 400;\">Now let&#8217;s discuss the calendar entry transactions. These transactions may fall into a number of categories which I&#8217;d like to describe below. These are in no particular order of importance nor is it a complete list of all the categories one might come up with.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Special Days<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Your calendar transactions will certainly include special days such as anniversaries, birthdays, and holidays.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Anniversaries.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"> For busy people, one needs help remembering anniversaries. This isn\u2019t limited to wedding anniversaries, but deaths, children\u2019s special events, any special annual significant dates like work anniversaries of key-staff, etc. Log all this into your calendar so that it reminds you of these upcoming days. This way, you won&#8217;t book yourself for another time transaction category when you should be free to celebrate a significant anniversary.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Birthdays.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">The best way to remember birthdays is to add it to the calendar and set reminders. You can also add notes for gifts you\u2019d like to send or any action you\u2019d like to take. Your calendar is more than a date keeper, you see, it maintains significant data for all your time related activities. Set a time transaction for when to shop for that birthday gift you will need or like me add a date in which you need to mail someone a birthday card. Again, go overboard with your time transactions.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Holidays.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Go ahead and add holidays into the calendar. You\u2019d be surprised at how often holidays sneak up on ordinary people. The internet is a powerful tool and offers calendars you can subscribe to for this. You can choose from a number of holiday calendars. You can also subscribe to your favorite sport\u2019s team calendars or your child\u2019s school calendars. This way you have a view into what\u2019s coming up at school and see how it fits into your time budget.<\/span><span style=\"font-weight: 400;\"><\/p>\n<p><\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Special Conferences.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"> Are there conferences or seminars that you must attend? We often have a number of annual conferences that show up in our time budget. By placing them on our calendar, we make certain that we don&#8217;t overbook and later have to choose one event over another when we could have easily seen it coming by budgeting our time. I think of our weekly church attendance as a conference or seminar, so I add it in as a staple event. Which brings me to staple time transactions.<\/span><span style=\"font-weight: 400;\"><\/p>\n<p><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Staple Time Transactions (or Staple Events)<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">There are just some events that are staple items on our calendar, like exercise classes. What staple events do you have that need to go into your calendar so that they are considered when you budget your time? Allow me to give you a couple that most of us have: work hours and vacations.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Work Hours.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">For the most part, we know when we have to be at work or have office hours. Go ahead and add these into your time budget. Therefore you have a complete picture of what your life looks like for any given day.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Vacation Days.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">When you&#8217;ve made plans for a vacation, add that with all its details to your calendar. Place flights, hotel check ins, events, shows, and excursions to your time budget. These time transactions are critical to how you manage and plan for what you do while on vacation.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Available slots for activities.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Lastly, I&#8217;d like to discuss what I call my available time slots. Once your calendar is complete with the staple items and the special events and most important activities, what you have left to do is establish your available time slots. These time slots can be placeholders for where you can have other activities. Each week, I locate all the open slots on my calendar that are convenient and to use in a number of ways. Those ways include, but aren&#8217;t limited to, the following: specific project work, meetings, luncheons, mentoring, being mentored, date nights, outings with friends, small groups, etc. My open slots represent all the available, usable, within margin time I have left to be used. Once these slots are filled, then it&#8217;s over to the next week we go. In this way, there is no overloading or mismanaging of our time and blowing our time budget.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Whenever you are budgeting time remember these major two guidelines: 1) leave room for margin, and 2) go overboard with your time transaction categories. In order to go to the next level in planning and time management, you will need to do what very few do. Be uncommon. Your time is more important than your finances, so why not treat it this way.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Question: what guidelines can you place around your time budgeting to make the biggest difference starting today?<\/span><\/p>\n<div class=\"su-note\"  style=\"border-color:#e5e5e5;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><div class=\"su-note-inner su-u-clearfix su-u-trim\" style=\"background-color:#FFFFFF;border-color:#ffffff;color:#000000;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><a href=\"https:\/\/www.kerryaclark.com\/blog\/familyplan\/\" target=\"_blank\" rel=\"noopener noreferrer\">The Family Plan Binder<\/a><a href=\"https:\/\/www.kerryaclark.com\/blog\/familyplan\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-1025\" src=\"https:\/\/i0.wp.com\/kerryaclark.com\/blog\/wp-content\/uploads\/2017\/04\/Family-Plan-Cover-e1493399146525.png?resize=115%2C149\" alt=\"\" width=\"115\" height=\"149\" \/><\/a> is available now! <p><\/p>\nOur team has worked very hard putting it together. We designed it to help you and your family move the needle forward in making your life your business. \nFind out more about the Family plan <a href=\"https:\/\/www.kerryaclark.com\/blog\/familyplan\/\" target=\"_blank\" rel=\"noopener noreferrer\">here.<\/a><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In this lesson, we discuss what you can find in a time budget. In a financial budget, you find bills, miscellaneous expenses, debts, etc. However, what are some of the normal categories of time you expect or should expect to find in your time budget?<\/p>\n","protected":false},"author":2,"featured_media":6238,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[546,542],"tags":[543],"class_list":{"0":"post-6236","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-budgeted-time","8":"category-next-level-time-management","9":"tag-time-management","10":"entry"},"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.kerryaclark.com\/blog\/wp-content\/uploads\/2022\/09\/20220923-TIF-BLOG-Whats-in-a-Time-Budget.png?fit=760%2C360&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4jb7V-1CA","_links":{"self":[{"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/posts\/6236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/comments?post=6236"}],"version-history":[{"count":1,"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/posts\/6236\/revisions"}],"predecessor-version":[{"id":6239,"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/posts\/6236\/revisions\/6239"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/media\/6238"}],"wp:attachment":[{"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/media?parent=6236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/categories?post=6236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/tags?post=6236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}