We budget what we value

When money is scarce we budget it.

It is normal for everybody to account for where every last drop of their money flows. Individual households track their expenses. So do departments, companies, and even countries.

Why is it that almost nobody budgets their time?

Time is just as scarce as money, if not scarcer. We all have a fixed budget everyday, that we get to carefully allocate. However, why is it that so few of us keep track of where every minute goes?

If ‘time is precious’ or ‘time is money’, why don’t budget our time?