Valuing Your Time

Finding Out How Much Your Time is Worth

One way or another, time is always money.

© iStockphoto/muratsen

Do you know how much your time is worth? Unless you work in an industry where you bill clients by the hour, the answer may be "no," especially if you don't know about the many hidden factors that contribute to your hourly rate.

However, it's important to attach a monetary value to your time, because it helps you focus on high value tasks and avoid activities that don't add much value.

In this article, we’ll look at why you should value your time, and we’ll give you a quick calculator that helps you do this.

The Benefits of Costing Your Time

There are several reasons why it helps to know how much your time is worth, whether you work for yourself or for an organization.

For instance, when you know the value of your time, it's easier to

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