As someone who is interested in how to best utilize my time and money, I’ve come across numerous personal finance blogs telling me how to save money, make money and how to stay out of debt. I’ve written lists for websites on the best ways to save at the grocery store and if an extended warranty is worthwhile (it usually isn’t).
But what I haven’t seen much of online is a discussion of how your money and time are tied together. How being smarter with your money will free up the valuable time you have. There are only so many hours in a day, and you can’t buy more when the 24 hours are up. It’s not a news flash that the more time you spend working so you can earn money, the less time you have to spend it.
That’s the discussion I want to get to here. By being smarter with your money — by how you use it and earn it — you can free up more time to do what you really want. No one wishes they had worked more in life, do they?
Fewer bills, for example, are one way of not having to work as much. Without a cable TV bill, I pay less money for my TV service, and therefore don’t have to work as much to pay those bills. Lifestyle changes are just some of the ways to cut back spending so you can free up more time for other things.
In a way I’m promoting minimalism, which I’ll get into in a few posts. But mostly, I want this personal finance blog to focus on how finding better ways to make more money, and having fewer things to spend money on while being smart with the purchases you do make, is a lifestyle worth talking about. Those goals shouldn’t cancel each other out. Making more money while spending less doesn’t mean you have to work more hours in a day. It just means there are better ways to do things so that you can spend however much you need to meet your daily and long-term goals while having plenty of time left over to enjoy. Continue reading