Quote:
Originally Posted by kevman
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.
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How much you value your free time and how much it is literally worth as a monetary value are very different things so this discussion is comparing apples to oranges. These two ideas seem to be getting mixed up a lot as the discussion goes on. Your free time may be extremely valuable to you but it’s literal value is $0/hour. It’s your evaluation of cost vs free time that helps make the decision.
Also, cleaning and changing your oil are a poor comparison. Cleaning involves almost no knowledge, equipment or skills. Not true of changing oil.