Mind Your Money · The Psychology of Saving

What's it really cost you?

Money is really just stored time, the hours of your life you traded to earn it. Before a purchase, it helps to ask: is this worth the hours of work it costs? Find your time value, then guess before you reveal.

1 What's your time worth?

Your annual income before tax

Hours you work per week

Take-home after tax roughly 70% in most provinces — adjust if you like

$0.00 per hour of your life (take-home)

2 What does it cost in time?

The price of the thing you're eyeing

First, guess: how many hours of work do you think it costs?

4 hrs

Drag to set your guess

Turn that awareness into a plan

Pick a savings challenge, or talk to a credit counsellor for free.

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Learn the skill behind the pause

How to curb impulse spending → 7 tips to stop overspending →