The 50-30-20 Rule: Time Over Money

What do you think of when you hear the “50-30-20 rule”? Does your mind immediately take you to financial budgeting? Well, I don’t blame you in this regard. All our adult life we listen to this principle in relation to money and how to judiciously spend the same- ensure that we enjoy our present but save enough for our future and any emergencies that we might encounter in this lifetime. Most of us struggle maintaining this in today’s economy and therefore prioritise either of those goals while some of us have attained mastery in this subject. However, that is not to say that some of us are just reckless with money- it just means that our situations don’t allow us to follow a set of principles with regards to one of the most important resources of the human life: money.

Now, I have a question to all of you- is money the most important resource that we have in this precious little life of ours? I believe not. I believe that it is one of the most important resources- to me time is more important than money. We have a chance of getting back the money we lost but not time. Time is transient- once it’s gone; it’s gone. Like, no matter how much we crave to get our childhood days back- we can never get them back. Therefore, my conclusion of time being more precious, more important and therefore deserves much more attention. So, what if I say that the 50-30-20 rule can also be applied to time and emotional availability?

I have struggled with emotional availability for a long time till I had to take things into my own hands. I found it difficult to say to people that I was unavailable when they needed something for me. Due to this personality trait of mine I have ended up deprioritising myself or my own needs, until I devised a simple plan for myself. Each person has a certain emotional bandwidth and to just spend all of it on the wants and needs of others just does not sit right with me. Therefore the plan and in the spirit of democratising my life for my readers, I write this blog.

THE 50-30-20 PLAN:

The plan looks something like this:

  1. I assign 50% of my time to my professional network. This includes both my time as well as my emotional availability for cold emailing, LinkedIn networking, coffee chats, reading newspapers or newsletters, articles or simply indulge in any networking events. You might be thinking why the lion’s share of my availability goes into this segment of my life. Well, my career forms a huge part of my life. I have a dream life which I am working towards steadily and with somewhat poise. It might not be visible to the world and sometimes not even to me- but my rational mind knows I am progressing- no matter how insignificant. Therefore, a majority share of whatever my emotional bandwidth is goes into my career and into achieving my dream life- what it looks like is a discussion for a future blog post.
  2. Now what do I do with the rest 50% of my emotional bandwidth and time availability. Well, 30% of my time is for people I hold very close to my heart- my core circle. This includes my parents, grandparents and my friends. They are my second pillar. Each and every person in this circle contributes to my growth. While majority of them complement my journey, some challenge me. You can say that these are the people who give me my drive to grind towards that dream life for which I have assigned the first 50%. It sounds absurd to have a set time limit especially for your family- but that’s just how life is. As you progress through life, it demands discipline. If you overrun every family call or every video call with your childhood friend- you end up with a pile of errands that were due day before yesterday. So what do you do? You plan and give yourself room for error. You surround yourself with people who are low maintenance. They understand the struggles you are going through. They don’t get angry when you forget their birthdays or don’t post a status with a long message. Sure they feel bad, they might as well feel like you are taking them for granted- but they never let that ruin the beautiful bond you have! It’s noteworthy to mention this here- keep people like the ones I just described very very close to yourself.
  3. We have finally arrived at the last and final segment of this plan or tool. The final 20% – I owe to myself. What I do during this time is my decision. I might spend 99% of this time and emotional budget sleeping or binging an entire season of F.R.I.E.N.D.S or maybe listen to Taylor Swift’s discography-but this is my time. I owe myself this. Each one of us go through life taking ourselves for granted. Well, that stops now. We owe ourselves so much more. While focussing on the first 80% we forget ourselves- its not to say that every other person in our life don’t deserve our time, emotional engagement or love- but always remember while your parents, your beloved or partner, your friends play a very important part in your life and you might not have achieved what you have till now without them- you went through those struggles all by yourself. No one fought your battles for you. Sure they gave you the tools to fight with- but you bear the scars. You are the one who bled, you are the one who gave up to build the dream life for yourself, your parents and your partner. It was YOU. So again, the final 20% is mine and mine alone.

That’s it. That’s how I budget my emotions and time. Is it easy to achieve this? No, like financial budgeting, this is difficult to achieve. You might end up hurting people you hold very dear- you distance yourself from them because their goals don’t match yours. You make mistakes- a lot of them maybe. But slowly it all makes sense. This system also acts like a filter paper for your personal life. The ones who love you without strings stays right beside you when you are figuring out how to make this tool maximise your potential. And the rest of the people? Well, they sometimes fade away. As my girl Gracie Abrams said, that’s just the way life goes.


Discover more from Penny's World

Subscribe to get the latest posts sent to your email.

Comments

Let me know your thoughts