One of the most challenging aspects for women and investing is time. I have decided the only hope for me to complete the tasks that need my attention, including those around money management, is to get them on my calendar. Last summer I saw that an amazing exhibit was coming to Austin’s Blanton Museum from July though January 2, 2011. Where was I on January 2? I could be found standing in line at the Blanton Museum, of course, with the other Austinites that had procrastinated, but were committed to seeing works by Monet and Pissaro.
While driving home after strategically making my way through the massive crowds at the packed exhibit, I thought about how I could plan for the next exhibit to better utilize my time and also enjoy the exhibit without the crowds. Since I legitimately cheated just a bit by purchasing a membership to avoid standing in 2 lines, I knew I would be headed back during the year several times. The same answer popped into mind that always pops into my mind when I go over improving my time management to get to the things that are important, but not urgent, in a better way; get it on the calender, and set up a regular time to look at the calender!
What I have learned is that this is true for everything in my life, whether it’s planning meals for the week, getting together with friends, or financial tasks, such as updating my net worth statement, more pleasantly referred to as my own and owe statement. It’s true for meeting with my CPA, reading Barron’s to stay current about trends in the overall markets, and meeting with my husband to discuss our family’s monthly cash flow. Make a list of all of the various tasks surrounding your money management today and get them on your calendar so they happen.