Giving your money a name or a category is nothing new. Dave Ramsey even says it is essential for budgeting. You give your money a name before you spend it so it ends up where it needs to go.
Ideally, you would prevent yourself from spending money frivolously. But there are tools like YNAB [You Need A Budget] or Mint that will automate the process helping you retroactively finding out where your money through classifications.
But still, why stop there? What about time?
Our time is worth more than money. We have a limited number of years, months, days, and hours. Why do we only dictate the purpose of our money. We can earn more money. We only get so much time.
We cannot invent more time. We cannot rewind the clock.
How can we create categories for our time. Fill our calendars with intentional blocks of time dedicated to what we care about. Instead of letting our days be wasted by people who want to constantly steal away our time for pop up meetings and unplanned non-emergent meetings.
Where are you spending your time? How are you keeping track of your time? When you look back on what you have done this last year, month, or week, did you do what is most important to you?