{"id":6272,"date":"2022-10-14T03:00:00","date_gmt":"2022-10-14T08:00:00","guid":{"rendered":"https:\/\/www.kerryaclark.com\/blog\/?p=6272"},"modified":"2022-10-17T12:06:31","modified_gmt":"2022-10-17T17:06:31","slug":"annual-budget-components","status":"publish","type":"post","link":"https:\/\/www.kerryaclark.com\/blog\/annual-budget-components\/","title":{"rendered":"Four Components for Budgeting One’s Year"},"content":{"rendered":"

Budgeting Time for the Year – Part 2<\/strong><\/h2>\n

Budgeted Time – Part 6.2<\/strong><\/h3>\n

Now that we’ve gotten beyond thinking of our year in seasons, let’s begin to look at the year from a different perspective. Let’s identify the big stones or big objects that would make budgeting our time for the year worthwhile. To do this we will consider four areas: 1) finances, 2) vacations, 3) holidays, and 4) the 12 months of the year.<\/span><\/p>\n

Financial Impacts on a Year
<\/strong>Most people never combine the idea that <\/span>time management and financial planning impact each other<\/strong>.<\/strong> Allow me to give you an example, planning a vacation for the end of the year might not be wise, considering a person with a large family and young kids. Your Christmas spending might make it financially difficult to take a vacation.<\/span><\/p>\n

\"\" One of the main activities Pamela and I budget for, time-wise that is, is our fiscal year which ends in November. This way we can take the month of December to work on and update our old budget and create a new one so that when we enter a new year we’re already rolling. On the last day of November is when we close out our books for the year. The month of December, then, is very important. We plan to put all of our financial plans and goals into place and think about reevaluating how we’ve done our past finances from what we’ve learned the past 12 months.<\/span><\/p>\n

In looking at one’s year from a financial standpoint, here are a few financially impacting time-transactions one might want to consider:<\/span><\/p>\n