Save Time or Money?
In today’s fast-paced urban life we have two resources which we can use at our will: time and money. With that said, today’s lifestyle means sacrificing one for the other. In order to save money, we have to spend a bit more time — such as walking or commuting instead of driving to where you want. On the corollary, trying to save time comes at a premium. When our resources are not unlimited, how do we try to find a balance between spending time and money in the most efficient way possible?
A recent survey conducted through Pollhost.com says that a good 82% manage to find a balance between spending time and money. However, this statistic relies on a case-to-case basis. In many instances, many people have shelled out the bucks in order to save some time when they’re hard-pressed and in a rush.
“It’s a constant battle. There are certainly times when everything goes out the window and anything that offers convenience at any price is worth it,” wrote a personal finance blogger named 2million. “I find balance by going the extra mile to save money as a normal practice. I don’t even consider the convenience factor unless I’m in crisis mode.”
It’s important to know where your time could be better spent, or know the monetary equivalent of your time. Would you rather mow the lawn yourself and save 25 bucks? How about working for those two hours and earn a hundred and fifty bucks instead? Or does playing with your children(priceless) sound like a better idea?
Time management is key. It’s inevitable that you’ll be spending hard-earned money when you’re pressed for time. Plan your resource expenditure so you don’t run thin on both time and money.
via Miami Herald
(image from ww2.intouch.org)
Tags: Save Money, save-time, time-is-moneyRelated Stories
POSTED IN: Finances, General, Simpler Thinking
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