Recent comments in /f/LifeProTips

timeistheenemy_ t1_j5kmv3b wrote

I read this book in high school, and it actually helped me learn that sometimes it's ok to spend money instead of doing everything the hard way. My family was insanely frugal (hence why this book was on our shelf) and it gave me a whole complex around spending money. Like as a teenager in 2012 I was making shirts out of pillowcases from goodwill kind of a complex.

Equating money with time helped me actually break through the guilt I felt and allow myself to spend.

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RedToiletPoopPain t1_j5klqoc wrote

I don't need my keys when I go to bed though, and that's mainly when we forget candles are lit. Good tip for the day though.

Edit: We got keyless locks on the inside due to having to find the keys to lock up before bed, or in an emergency didn't want to be locked in (I can't lock someone in my house for example, even if I wanted to), so I guess for others who needs the keys to lock the inside of the door this is a great idea. I wasn't thinking about others doors needing keys both sides.

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keepthetips t1_j5kl7k6 wrote

Hello and welcome to r/LifeProTips!

Please help us decide if this post is a good fit for the subreddit by up or downvoting this comment.

If you think that this is great advice to improve your life, please upvote. If you think this doesn't help you in any way, please downvote. If you don't care, leave it for the others to decide.

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brainwater314 t1_j5kj362 wrote

Also remember that 1 hour of work also has the extra time you need to feed yourself (so 1 hour lunch for 8 hours work), and you need to add the sleep time (you sleep about 1-1 so 8 hours sleep for 8 hours of work) and the down time. A better approximation is just taking the time and multiplying it by 3 or 4, since we work 1/3 of the time, and you can look at the other time in your day as simply supporting and recovering for your work time. Unless you have flexible hours, then you can literally pick up another hour of work to pay for a meal out.

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chosen2nd t1_j5kf2e8 wrote

What I try to do is take it as a whole week pay, so if I make 1,000 for 40 hours and something costs $10 that would be 5.9 hours of my life since there are 168 hours in a week

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oakteaphone t1_j5kei03 wrote

I came here to say that no, this is a bad bit of financial advice.

I'm also surprised to see your source. The book itself has a LOT more detail going into it.

For example, it's easy to justify eating a $20 lunch because that's just 1 hour of work. So you can justify it every day because you're working 7.5 or 10 hours a day or whatever.

That's not how it works.

That $20, you pay taxes on it.

Then you have your mandatory expenses -- rent, utilities, food. Childcare. Healthcare and medications. There might be lots of mandatory things.

After removing all of that, you might be making $5 an hour from that $20/h that was in your contract.

THAT is the figure that you need to be using for these "This $X is worth Y of my time". Not your gross income!

Using your gross income really only works for a PT job in high school when you have no expenses. A lot of people hear or come up with this when they're in that position, but it doesn't hold water when you're an adult with living expenses.

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sayracer t1_j5kdypk wrote

I first started using this when I was debating on buying a video game. Tried it out with a friend and decided $60 isn't so bad if I'm going to get 20-40 hours of time out of it

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