Comments on: The Time-Money Exchange Rate

By: Updates: July 7 - 13 - The Outlier Model | The Outlier Model

Updates: July 7 - 13 - The Outlier Model | The Outlier Model — Mon, 02 Mar 2015 19:00:43 +0000

[…] Add Vodka looks at the time-money exchange rate. […]

By: When Eating Out is Cheaper than Bringing Lunch to Work | 2 ringgits' worth

When Eating Out is Cheaper than Bringing Lunch to Work | 2 ringgits' worth — Mon, 19 Jan 2015 01:07:05 +0000

[…] Sure, it cost me 15 minutes of work everyday to afford my lunch outside, but it beats having the luxury of time at night to rest and catch up on my reading. […]

By: hungry hungry artist (@blerghhh)

hungry hungry artist (@blerghhh) — Wed, 31 Jul 2013 13:44:25 +0000

This is a great idea… If I actually had an hourly wage. My “income” (or the lack thereof) is generated from occasional gigs and stock market trades.

Thus my hourly wage formula would yield “undefined” most of the time.

By: Alex

Alex — Wed, 10 Jul 2013 17:53:38 +0000

In reply to Tie the Money Knot. I agree. Sometimes you can be time rich and money poor, such as if you were unemployed, but most of the time you only have limited hours in your day, and $3 is pricing yourself quite cheaply.

By: Alex

Alex — Wed, 10 Jul 2013 17:50:18 +0000

In reply to Pauline @ Make Money Your Way. That's also true. There is a satisfaction element to fixing incorrect bills and to getting a good deal. Lowered bills keep benefiting you month after month!

By: Alex

Alex — Wed, 10 Jul 2013 17:48:46 +0000

In reply to Justin @ The Family Finances. Ha! I'd forgotten about that! It's a good perspective though. Sometimes object work better than hours. I have a friend who loves playing guitar. He equates purchases in terms of how many sets of guitar strings he could buy. It works for him.

By: Alex

Alex — Wed, 10 Jul 2013 17:47:44 +0000

In reply to Bridget. True. That can be very dangerous if you're earning a lot of money. But, truth be told, if it's worth the 5 minutes of your effort (and it doesn't break your budget), then it might be worth the money spent.

By: Tie the Money Knot

Tie the Money Knot — Wed, 10 Jul 2013 01:58:22 +0000

I absolutely think about time and money, and how they’re related. For example, driving 10 minutes more (20 round trip) to go to a store where I can save $3.00 on a purchase isn’t something I would do. That’s like a $9 hourly rate, not even factoring in cost of fuel for the car. This is a good habit to get into, I think, as time is really more valuable than money in the sense that it’s finite.

By: Pauline @ Make Money Your Way

Pauline @ Make Money Your Way — Wed, 10 Jul 2013 01:36:03 +0000

I look at the hourly rate when I do something out of my routine, like calling a provider to lower or rectify a bill. If I get charged wrong, I can spend a lot of time trying to get justice, because it goes beyond the money and if you don’t do it they will wrongly charge many more customers.

By: Tammy R

Tammy R — Tue, 09 Jul 2013 19:31:57 +0000

Hi Alex and Daisy! This is a great post and something we can totally relate to! When we’re going to purchase something, CJ will say, “Do you know how many lessons we have to teach to buy that?!?” It puts everything into perspective, and we usually go without! It’s a lot of fun and really very little sacrifice!