Page Section Navigation
Go to: Header
Go to: Utility Navigation
Go to: Primary Navigation
Go to: Content
Go to: Footer
Blogging for Change Blogging For Change
by sitecore\kmcgrigg on June 30, 2008

A few weeks back, I wrote about my efforts to try and calculate what my time is worth. Thankfully, I just read an article in Real Simple magazine about quick and easy way to estimate the value of time. To get a ballpark idea of how much your time is worth, cut the last three zeros off your annual salary and then divide the number in half. For example, if you earn $40,000 a year, you would take 40 and divide by 2 to get a time value of $20 per hour. So now, when considering a $40 purchase, you can ask yourself if it is worth 2 hours of your work.

Obviously, there are a number of factors left out of this equation, such as the number of hours you work and the value of benefits. While this little exercise isn’t perfect, it can be a good reminder of how hard your work for your money.

Tags:  time value
Posted in:  Budgeting Advice


Anna says:
July 30, 2008

I do this ALL the time!! Not with this equation (which is much easier than my own)...but I always end up not buying something I originally thought I HAD to have because I realized I had to work X amount of hours for that item. Definitely a great tip!!

Please provide the comments.
Security Code:
Please correct the code.