What if you spent your recreation time the same way your grandmother saved money?
There was a time when many people saved and budgeted money with glass jars. Maybe your grandmother or your great grandmother did this when she was a young parent trying to make ends meet. Jars were set aside, and in each jar she would save some money for future needs. Perhaps a jar for school clothes, another for Christmas presents, one for vacation and so on. Each week or month after the necessities of life were paid for, a bit of money was placed into the appropriate jar to save for the future.
Let’s say you did something similar with your free time. For every day off from work, you put time-dollars into a jar the represented how you spent your free time. You might have a Recreation Jar (camping and backpacking for me), a TV Jar, a Household Jar, a Party Jar, or even a Salon Jar. For each day off from work, you have 24 time-dollars to put in a jar. If you want to go backpacking or camping for two days, you would but 48 time-dollars into your recreation jar because you even spent your time sleeping in the outdoors.
What would your jars look like at the end of the year, or at the end of your working days just before you retire? Would your TV Jar be overflowing and your Recreation Jar just ¼ full or less?
Continue reading The Retirement Time Bank →