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Money Mindfulness

April 10th, 2015 at 12:58 am

There is a quote I see quite often which is "the price of anything is the amount of life you pay for it".

Today my boss emailed me my payslip and for some reason (maybe I just needed a mental break for a minute) as I opened it that quote popped into my head. So I spent a bit of time actually analysing it.

My pay period starts on the 1st of the month, I work 154 hours a month for a rate of $23.27 after tax. As this is the amount I receive in the bank, I am using this rate.

I guess by doing this exercise I want to appreciate what my time spent at work pays for. It has made me appreciate having a monthly pay, that's for sure!

So far I've worked out: I have to work for 22hrs to pay for my share of the mortgage (we don't split money but for the purpose of how long do I have to work to pay for that thing, I am splitting because I am only looking at my time spent), for example. I have a page on my iPad where I have jotted down things bought & the time needed to work to pay for it. High point is so far $156 has been saved, equal to 6hrs 40 mins of my 154 hrs. Low point is the car door lock we had to buy cost $180 equal to 7hrs 40 mins of my time Frown

I also just bought a bottle of wine for $10 which is just under half an hour of my time. Happy to say it's nice & well worth it!

1 Responses to “Money Mindfulness”

  1. DecisiveParadox Says:

    I do an exercise very similar to this.
    I estimate how much shorter, by the hour, my life will be if I do not do what my wife asks. usually its better for my longevity to comply.

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