How expensive are you?
This article will help you to estimate your per hour cost which will help you manage and utilize your time better and will help you to prioritize things. Knowing this number will also make you feel fulfilled in your life.
Per Hour Rate: For Earners
If you are an earning member then your per hour rate is total income / total time effort.
If you do a 22,000 per month job and work 22 days a month
You are getting 1,000 per day. Since you work 8 hours a day.
Your pay per hour = 125.
Per Hour Rate: For Non-Earners
If you are a non-earning member then your per hour rate is total spending / total time benefit.
If you are a student who pays 1.2 lakh per semester in colleges fees.
Assuming Semester = 120 days. You are paying 1000 per day for your education.
If you study 8 hours a day, Your pay per hour = 125.
This is an oversimplified estimation that doesn’t include the cost of living, the cost of food, the cost of health care, the cost of security, etc. that is spent upon you to keep you going.
How does this number change your life?
· Understand the Monetary value of your time
If Netflix's plan costs 800 per month and you spend 1 hour per day for a month.
You spent 800 + 125 x 30 = 4550 per month on Netflix binge-watching
Having this number in mind will help you evaluate your choices with time.
· Fulfilling entertainment
Most people undervalue the time they give to their own pleasures. If you spend 3 hours per day on your entertainment, you spent 375 rupees on you. This gives a sense of fulfillment that you’re spending upon yourself as well.
· Easier Time Management
Changing hours into rupees will help you understand the value of your day. This change in psychology will help you manage time better because humans value money over time.
Spend time as wisely as you spend your money