Time Is Money. Where Are You Spending Yours?

Like so many other commodities, time is fixed. We get 24 hours daily–no more, no less. As a result, our time has great value, both figuratively and literally. That’s why the old-fashioned “time is money” remains an accurate adage even in the 21st century. In other words, every minute of time wasted could cost you dearly. Maybe you won’t feel the loss immediately, but you’ll feel it eventually. For instance, the 2021 U.S. Bureau of Labor Statistics’ American Time Use Survey shows that women spend around 2.4 hours daily on domestic chores. Using the current federal minimum wage of $7.25 per hour…

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