Management Of Family Resources

Lesson 30 : Management Of Time In Family Living

Time Management

As a resource, time can be used in several ways. It is combined with other resources to achieve a desired goal or meet a demand. Within the management process we make decisions concerning its use. It may be allocated for transferring, exchanging, producing, protecting, saving-investing, or consuming.

Using time effectively calls upon your knowledge of the quantitative and qualitative aspects of any other resources combined with your time resource. In addition to this, it also necessitates examining available resources and deter­mining which combination of resources will bring about the greatest degree of satisfaction while minimizing the use of each. It means examining time re­sources along with all the others.

Effective time management involves the following:

• Recognizing the demands placed upon your time.
• Ascertaining the goals which necessitate the use of your time resources.
• Identifying and setting priorities for these demands and goals.
• Determining which resources to combine with your time resource to enable you to meet demands and achieve goals.
• Recognizing those demands which cannot be altered or changed.
• Identifying any constraints upon both your time and other resources.
• Developing a plan to allocate and use your time resources.