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Terminology
TIME
Wasted Time - any time (past tense) that cannot be associated directly with (or attributed to) a desired outcome
Routine Schedule - a set of recurring, chronological weekly events
Available Time - any time slot that is not allocated to a routine schedule.
Ancillary Goals - flexible goals that have nominal time constraints and generally support the clarification of short and long-term goals
Short-term Goals - goals that have rigid timelines and may require temporary displacement of routine items to meet deadlines
Long-term Goals - goals that have flexible timelines and generally require a set weekly time allotment
PRIORITIZATION
Compartmentalize - In planning, this is the ongoing process of allotting specific time slots for activities in order to improve results; a method for establishing routine
Segment - the strategy of allocating a routine time slot down into distinguished task-oriented parts
Group - the process of consolidating like tasks together in order to lessen the overall time spent on those individual tasks
Combine- similar to multi-tasking, this is the strategy of joining two items (i.e., tasks, obligations, steps, etc.) in order to produce more available time
Task - An action that is completed apart from goals but may also be supplemental to their completion; tasks can be treated like ancillary goals
Recentering - the strategy of re-evaluating completed and uncompleted tasks for the day in order to efficiently prioritize tasks for the remainder of the day
Obligation - an action or matter that requires supporting actions that are not necessarily a part of your routine weekly schedule and tend to mirror long-term goals in terms of weekly time allotment
FINANCES
Budget- A detailed depiction of one's monthly recurring expenses organized by categories of Fixed and Variable expenses and subcategories for each of those categories
Net Income - amount remaining of Gross Profit Income after Fixed and Variables Expenses are deducted
Cashflow - the net balance of one's income and expenses at any given point in time
Net Worth - the net balance of one's total assets and liabilities
Fixed Expense - recurring expenses that typically have a set payment date and amount
Variable Expense - recurring expenses that do not have a set payment amount
Gross Profit Income - income brought in after taxes are payed (i.e, your "paycheck")