Quote:
Originally Posted by stone hands
This is flawed thinking though. Unless you are taking time off work to clean your house it is absolutely costing you money to get a cleaner instead of doing it yourself. You really cant apply your hourly rate to something completely unrelated to your day job and say your time is worth x, your free time is worth 0$ an hour
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That's funny, I calculate my free time in the exact opposite fashion. The few hours I have at the end of a day after work and getting our daughter to bed are priceless.
Extremes aside, if you really want to assign a value to it, your time after work still has an opportunity cost to it. You could argue that if a house cleaner is $50/hr and an auto mechanic is $130/hr, you're far better off changing your oil and hiring a cleaner than you are scrubbing a toilet and taking your car in.