YOU WOULDN’T think that just 12 days before Christmas, we would be still so busy with work, but things are a bit unusual this year. By the end of the week, though, everything should be wrapped up and we’ll be ready for some much-needed time off for a while before the new year begins. It’s also always at this time of year that I take stock of things, and this year, I will be employing zero-based budgeting. Have you heard of it? Developed by Peter Pyhrr in the 1970s, it’s a budgeting method that requires all expenses to be justified and approved in each new budget period. This budgeting method analyses an organisation’s needs and costs by starting from a “zero base” at the beginning of every period. This method, as I learned in Greg McKeown’s book, Essentialism: The Disciplined Pursuit of Less, can also be applied to one’s life: “You can apply zero-based budgeting to your own endeavors. Instead of trying to budget your time on the basis of existing commitments, assume that all bets are off. All previous commitments are gone. Then begin from scratch, asking which you would add today. You can do this with everything from the financial obligations you have to projects you are committed to, even relationships you are in. Every use of time, energy, or resources has to justify itself anew. If it no longer fits, eliminate it altogether.”
This week’s links include five free museums in Paris (that are absolutely beautiful) and cashmere and knits for grey winter days; the 17 best restaurants in Mayfair and much, much more.