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Jessica Dickenson

Five Tips to Create a Time Budget You’ll Use

Creating a time budget involves efficiently planning and allocating your time to various tasks and activities to ensure productivity.

Have you ever made a “time budget” for yourself? Creating one is an easy way to avoid procrastination and make every second of your time count. Time budgeting is similar to developing a financial budget. You make a list to determine the most important tasks and devote your time to those activities. It takes a careful examination of your responsibilities and allocating specific times to priority tasks to make sure that they are accomplished first.

Creating a time budget involves efficiently planning and allocating your time to various tasks and activities to ensure productivity. To help make this process as efficient and successful as possible, utilize these 5 tips:

1. Identify Your Time Period

Determine the time frame for which you want to create the time budget. Some people find it helpful to make time budgets daily while others will expand their list to go for a week, month or a specific project timeline. There aren’t hard and fast rules for your time budget- you can make it as specific or as general as you would like!

2. Organize Your Tasks and Activities

Staying organized will ensure that you stay on track for the entirety of your time budget. Make a comprehensive list of all the tasks and activities you must accomplish during the specified period. Include both personal and professional tasks, such as work-related projects, household chores, leisure activities, appointments and more!

Don’t underestimate the power of a planner, calendar or digital tool to visualize your schedule. Although you may think that you will remember, even the best of us forget things — large and small — from time to time. Use your lists to identify the most time-sensitive tasks and create actionable plans for how to achieve them. There are numerous time management tools and apps available that can help you create and stick to your time budget. Consider using these tools to set reminders, track your progress, and stay organized.

3. Set Priorities

Next, you want to create time blocks for each task based on their priority and estimated time. Identify which ones are essential and need to be completed no matter what, and which ones are less urgent or can be deferred if necessary.

For example, if you have to write an important and long paper you aren’t going to schedule 6 consecutive hours in a single day to work on it. However, you may set up an hour every morning to work on your project and then spend the rest of the morning doing other important things like laundry or mowing the lawn. Remember, you’ll want to create a schedule that is reflective of you and your best habits.

4. Account for Breaks, Rest and the Unexpected

Throughout this entire process, remain realistic and consider any potential interruptions or breaks you might need. It's vital to include breaks and time for rest in your time budget. Taking breaks not only helps maintain focus but also promotes productivity throughout the day.

While creating a time budget is about planning, it's essential to be as flexible and adaptable as possible. As convenient as it would be to be able to complete projects in a designated timeframe, unexpected events can happen. Leave some contingencies in your schedule and be realistic about how much you can accomplish within the given time frame. Avoid overcommitting yourself to avoid burnout and frustration.

5. Review and Adjust

At the end of each of your designated time periods, review how well you followed your time budget and how accurate your initial time estimates were. Use this information to adjust your time budget for the next period and keep the productivity going!

Remember that creating and maintaining a time budget requires discipline and practice. As you get used to it, you'll find that it helps you become more productive and better at managing your time effectively.

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* Bureau of Labor Statistics (BLS), U.S. Department of Labor, Occupational Outlook Handbook 2022. BLS estimates do not represent entry-level wages and/or salaries. Multiple factors, including prior experience, age, geography market in which you want to work and degree field, will affect career outcomes and earnings. Herzing neither represents that its graduates will earn the average salaries calculated by BLS for a particular job nor guarantees that graduation from its program will result in a job, promotion, salary increase or other career growth.

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