Budgeting
A budgeting method that involves categorizing expenses into needs, wants, and savings, helping you manage your finances during recovery.
What is the 50/30/20 rule?
A person who said "Lost time is never found again."
Who is Benjamin Franklin?
A framework used to create clear, actionable, and achievable goals, based off of an acronym.
What are SMART goals?
It must be done now, and there are clear consequences if you don’t complete these within a certain timeline.
What are urgent tasks?
A recommended step to take when your spending exceeds your income, especially important when in recovery.
What is creating a budget?
Focusing on completing the most important, and the quickest objective, first.
What is prioritizing tasks?
A quantifiable criteria for your goal.
What is measurable?
This is where you’ll place any tasks that are urgent but not important.
What is Quadrant 3 (Delegate)?
A savings reserve that is set aside for unexpected expenses or emergencies, such as medical bills, car repairs, or loss of income.
What is an emergency fund?
Planning on arriving to appointments 15 minutes early, and bringing something to do in case you find yourself waiting.
What is giving yourself time between tasks?
A personal and subjective concept that means achieving something you've set out to accomplish.
What is success?
This is where you’ll place any tasks that are not urgent but are still important.
What is Quadrant 2 (Schedule)?
A specific target or objective you set for managing and improving your finances.
What is a financial goal?
Reducing or eliminating things that divert your attention away from important tasks or goals, allowing you to stay focused and productive.
What is limiting distractions?
Devoting all your time to one task.
What is single tasking?
The 34th President of the United States and a five-star general during World War II.
Who is Dwight D. Eisenhower?
Identifying and reducing expenses that aren't essential or don't align with your priorities and financial goals.
A simple written or digital list of tasks or activities you need to complete.
What is a to-do list?
You are headed in the right direction and that it’s in line with your other ambitions and aspirations.
What is relevant?
This is where you will place any left over are tasks that weren’t urgent or important.
What is Quadrant 4 (Delete)?