Keys to effective learning Study skills and habits for success

1. HabHab
© 2011 Pearson Education, Inc. All rights reserved.
CHAPTER 3
Time and Money:
Managing Important
Resources
Keys to Effective Learning, 6e
Carol Carter, Joyce Bishop, and
Sarah Lyman Kravits
Keys to Effective Learning 6e,Ch03

2. HabHab
© 2011 Pearson Education, Inc. All rights reserved.
Habit for Success:
Think Before
You Act
Keys to Effective Learning 6e,Ch03

3. HabHab
© 2011 Pearson Education, Inc. All rights reserved.
Time and money are
crucial resources
no student can do without.
The key is to make
smart decisions about
how you spend them.
Keys to Effective Learning 6e,Ch03

4. HabHab
© 2011 Pearson Education, Inc. All rights reserved.
Success in school
depends upon having…
• The time to study and attend classes.
• The money to pay tuition and expenses.
• The flexibility to find more of both of
these resources when you are running
low.
Keys to Effective Learning 6e,Ch03

5. HabHab
© 2011 Pearson Education, Inc. All rights reserved.
Time is money.
• It takes you one week, working for
20 hours at $10 an hour, to earn
$200.
• If you buy a new cell phone for
$200, that cell phone has cost you a
week of work.
With any purchase, ask yourself:
Is it worth the time it took
to earn that money?
Keys to Effective Learning 6e,Ch03

6. HabHab
© 2011 Pearson Education, Inc. All rights reserved.
Cost of day-to-day
expenses
Keys to Effective Learning 6e,Ch03

7. HabHab
© 2011 Pearson Education, Inc. All rights reserved.
What kind of time and
money manager are you?
Keys to Effective Learning 6e,Ch03

8. HabHab
© 2011 Pearson Education, Inc. All rights reserved.
To explore your money and time
management style:
Identify time-related needs and preferences.
• Create a personal time profile
• Consider your profile when creating a schedule
Note your unique way of managing money.
• Think about whether you are a “spender” or “saver”
• Consider how your money habits reflect your values
• Think about whether you look toward the future or
focus on the “now” when it comes to money
Keys to Effective Learning 6e,Ch03

9. HabHab
© 2011 Pearson Education, Inc. All rights reserved.
How can you
manage
your
time?
Keys to Effective Learning 6e,Ch03

10. HabHab
© 2011 Pearson Education, Inc. All rights reserved.
Build a schedule
• Choose a planner (electronic or paper)
• Schedule and prioritize tasks, events,
commitments
Make your schedule work for you
• Plan regularly
• Look at the term all at once
• Use to-do lists
Fight procrastination
Keys to Effective Learning 6e,Ch03

11. HabHab
© 2011 Pearson Education, Inc. All rights reserved.
Almost everyone procrastinates—
puts off tasks until another time.
Why?
• Perfectionism – better not to try
than to be less than perfect
• Fear of limitations
• Facing an overwhelming task
• Lack of belief in one’s self
Keys to Effective Learning 6e,Ch03

12. HabHab
© 2011 Pearson Education, Inc. All rights reserved.
Thinking before you act
is the key to combating
procrastination.
Keys to Effective Learning 6e,Ch03

13. HabHab
© 2011 Pearson Education, Inc. All rights reserved.
Anti-Procrastination strategies
• Analyze the effects
• Set reasonable goals
• Break tasks into smaller parts
• Start whether or not you “feel like it”
• Ask for help
• Don’t expect perfection
• Reward yourself
Keys to Effective Learning 6e,Ch03

14. HabHab
© 2011 Pearson Education, Inc. All rights reserved.
How can you
manage your
money?
Keys to Effective Learning 6e,Ch03

15. HabHab
© 2011 Pearson Education, Inc. All rights reserved.
Never assume you are
not eligible for aid.
Ask questions and
apply early.
• Student loans
• Grants
• Scholarships
Keys to Effective Learning 6e,Ch03

16. HabHab
© 2011 Pearson Education, Inc. All rights reserved.
A balancing act:
Juggling work and school
Ask questions as you investigate:
• What do I need in terms of money,
location, and hours?
• What are the pros and cons of each
potential job?
• What option gives me the most of
what I need?
Keys to Effective Learning 6e,Ch03

17. HabHab
© 2011 Pearson Education, Inc. All rights reserved.
Many students work
Keys to Effective Learning 6e,Ch03

18. HabHab
© 2011 Pearson Education, Inc. All rights reserved.
Basic budgeting steps
• Figure out what you earn -- $$ in.
• Figure out what you spend -- $$ out.
• Evaluate the difference --  or .
• Adjust spending or earning – get
creative with ideas.
Keys to Effective Learning 6e,Ch03

19. HabHab
© 2011 Pearson Education, Inc. All rights reserved.
College students are big
business for credit companies.
Keys to Effective Learning 6e,Ch03
Sallie Mae

20. HabHab
© 2011 Pearson Education, Inc. All rights reserved.
Think before you act when
you pay with credit
• Would I buy it if I had to pay cash?
• Can I pay it off at the end of the
month?
• What will I have to give up if I buy
this?
Keys to Effective Learning 6e,Ch03

21. HabHab
© 2011 Pearson Education, Inc. All rights reserved.
Real People
Think Before They Act
The Three Doctors
George, Sam,
and Rameck
Keys to Effective Learning 6e,Ch03

22. HabHab
© 2011 Pearson Education, Inc. All rights reserved.
“Money is only a tool. It
will take you wherever
you wish, but it will not
replace you as the
driver.”
Ayn Rand
Keys to Effective Learning 6e,Ch03