Ask:
Do you place a value on your time? How much is an hour of your time worth? How did you decide on an amount? Do you ever take this into account when making financial decisions?
Years ago, I read "Your Money or Your Life". I loved the authors' idea that we should consider all of our purchases, not in $$ terms, but in how much of our lives we give up (to work) to make the purchase. Since then, whenever I consider a purchase, I think to myself "Is this really worth XX hours of work?" A lot of the time, the answer is "NO".
Answer:
I do now after spending the last few years being a coupon queen I have stopped. Costs me a little extra at the store but saves me hours of clipping, sorting, searching, etc for coupons. Well worth getting my time back! The only ones I feel are worth my time now are restaurants, events, etc. Like we love Red Lobster and they always have a $4 off coupon every month so that I cut out. All those 55 cent ones are just time wasters!
Answer:
I never thought of it this way. Thanks for the thought.
Answer:
I used to when I worked out of the house..but I hadn't really thoughta bout it since I became a sahm...
Answer:
Shoot, yes!! In Economics 101 they call it "opportunity cost". It is the cost of choosing one opportunity over another. For example, how much is the value of your time to choose between 1) spending time with your children or 2) washing your car. You value the time of one over another based on your financial conditions and a few other things as well.
Everything has a value. Whether it is a monetary value or a time value.
Answer:
Yes, when I was working I did it more than I do now.