Time is money – commuting
I got a question if I could explain my thoughts, I’m writing this since its a bit difficult to explain in a short tweet. 🙂
First I have to say that I don’t expect anyone to pay what I mean is cost of time. 🙂
At work we always say that time is money. Time you spend at work converts to something that generates money to the company. If you convert time to money you can for instance say that an hour generates 100 EUR, if you only sit and look out the window you waste the 100 EUR (+ salary)
I’ve always thought that value is more than measurable money, to spend time with family for instance. Many people work less to spend more time with family, where they calculate how much you loose of income while the bonus is more time. The amount of money lost, is in my opinion the value of family-time, at least.
So if I work one hour less every day, my income is decreased n EUR. That means I would be able to spend x more hours with family. Even if I don’t choose this sollution, I can at least say that my time has a hypothetical value. And then I can calculate how much time I sit on the bus every day versus using the car which only takes 10 minutes, and for instance use this in the calculation of yearly costs, insurance, fuel, repairs etc.
That is what I meant by saying “hey, we can also say that time is money”. 🙂