What is Your Time Worth?
We have all heard the saying, “time is money”. So how much is your time actually worth?
To us, our time is worth quite a lot. After all, who knows how much of it we will actually have. But when we start calculating all the hours we spend in one day, one week, and one month on things that don’t give us emotional fulfillment, our time might not look too well spent.
This is why we are huge advocates for outsourcing tasks that other people can do for us. Specifically, we are talking about house cleaning and doing your laundry.
How many of you actually enjoy these mundane tasks? Do they make your life more enjoyable? Do you feel like you are spending your time productively, and on something meaningful? We all know this is a part of life and something that as adults, we must do, but when did it become shameful to pass these tasks on to someone else?
Consider the way you divide your 24 hours of each day. Let’s average the numbers and do a little math: Take out 8 hours for sleep. Now remove 8 more for work. Lose 1 hour for travel time, 1 more for eating and drinking, and another hour for personal care. Now we are left with 5 hours. The chart below from the Bureau of Labor Statistics, 2013 American Time Use Survey shows that nearly 1 ½ to 2 ½ hours out of that 5 left are spent doing household activities.
Now ask yourself this: Do you really find that you have an extra 2 ½ to 3 ½ hours each day to do other activities, leisure or otherwise? If your answer is yes, than you are lucky. Most likely, however, you said NO WAY!
That’s because we all know that our lives don’t fit into perfectly packaged time slots. Plans change, unexpected things come up, and before we know it, our day is over.
Today, we have become so focused on where we are going next and what needs to be done, that we forget to enjoy where we are right now. The notion that we actually want some time to ourselves or our family has become overshadowed by the guilt we feel when we are not “taking care of things”. How many times have you dismissed your children’s attention because you are busy cleaning? How often do we pass up on family/friend time because we have to spend the weekend getting our home in order or doing the laundry?
The problem isn’t that this is what we have to do. It is that we are not properly prioritizing our lives. If you think that your chores are more important than your or your family’s happiness, than to be blunt, you are thinking wrong. If you can afford to outsource these things by hiring a cleaning service or sending off your laundry, why aren’t you? Are you letting your embarrassment or pride get in the way of your life?
If you are a working adult, you are likely to be able to afford these services nowadays. With so many companies out there, prices are competitive and this means savings for you, the consumer. You are also contributing to the economy by continuing the employment for people in these industries, and that is a cycle that we as Americans need to be a part of.
Budget your books. We bet you can find something to cut back on in order to fit this expense into your budget, because remember, time is money. And when it is all said and done, do you want to look back and think, “I’m so glad I kept a clean house”, or “I’m so glad I spent my time doing what I love.” We know what our answer is.