How Much is the Value of Your Time Worth?
I’ll tell you right now: $0. You may be familiar with the concept of putting a price tag on your leisure time. MSN even has a calculator that will tell you how much your free time is worth. Some people claim that based on this number, you might be better off paying someone else to do work for you instead of doing it yourself. Don’t listen to them! Are you currently making $25/hr while you sit at home on a weekend and watch TV? No. And if you are, you don’t need to read this blog. Go turn on the television and watch Heroes or something. The fact is that you are not getting paid for your free time. But that doesn’t have to be a bad thing.
Use as Much of your Free Time you Want on Anything you Please
Here’s another example for why I don’t put a price on personal labor costs. A friend of mine constantly factors in a $30/hr value of her time when shopping for the best price on a product. Her theory is that she could be working and earning that much money to help pay for it. I tell her to go to work! Especially if you have a salaried position, you won’t be getting any more money for working longer. The only thing that ends up happening with my friend is she ends up paying too much for the item because of insufficient research.
Take the time to search for better deals when shopping! Don’t ever be satisfied with the first price you see, unless you know it’s a really, really good deal.
You’ve spent some time reading this post, and although your free time is technically worth nothing, here’s an offer to make up for it:
Today’s money-saving offer: A FREE Sample of Crest Whitestrips and $7 coupon. Keep your money and your smile!
