Based off a recent conversation, I thought I would bring it back up to the top of the blog!
As I was on the way to the chiropractor’s office last month, I grabbed a suit I needed to take to the dry cleaners. Running through my mind as I was making the drive was “Is it the cheapest dry cleaner?” “Could I find a coupon?”
I then started thinking, would it be worth my time to:
#1: Try to find a coupon
#2: Go out of my way to take it to a different dry cleaner.
I decided that it was not worth it, the time it would take would not be worth the savings.
It started me thinking (which inspired this blog), how much time & energy do we spend to get a good deal? It surprises me that people only count their dollars and not their minutes and hours.
For me, taking the time to find a coupon, having to drive to another dry cleaner, and then drive to the cleaners again when the clothes are ready, was not worth my time.
A similar phenomenon I see happen is people driving out of their way to say a few cents in gas. Not only do you have to consider the cost of your time, but also the amount of gas you used just to save a few cents.
In these instances, I am only talking a few minutes of time and a couple bucks; what about higher ticket prices?
I often hear people talking about getting numerous quotes to have jobs done around their house & offices. Is the time it takes to contact several vendors, as well as communicate what you need, and meet with those vendors, worth the investment to save what could be just a few dollars?
Is our time worth so little that we throw it away while we pinch pennies?