Frugal Living vs Time when Time = Money

Blog post

I’m sure you’re familiar with the notion that time equals money. Although, I think we’d all agree that time does not actually have equal value as money, time is much more valuable than money. Is your frugal living stealing too much of your precious time?


“Time is more valuable than money. You can get more money, but you cannot get more time” Jim Rohn

Money and time have a relationship to each other. Generally leveraging money will save you time, while saving the money will cost you your time. The rule of being frugal is to usually to do things yourself or go whichever route saves you the most money.


How frugal are you willing to be at the cost of your time?

This is a fine line we all must walk. Some frugal choices definitely come with big hits on time.

frugal living

In a lot of money saving articles, I read that couples become a one car family or get rid of the car altogether, saving a ton on insurance and gas. I haven’t tried this, so I can’t totally dismiss it, but for me, it’s not worth the savings. My husband and I having our own cars maximizes our time to each get done what we need to and each earn income. Our vehicles enable us to make more income than without. My husband could bike to work if he wanted, but he needs the car for other times. With me being in real estate, I just need my car!


Another one that I go back and forth on is my housekeeper. It kills me to see that expense in my budget. But I am a working mom (and I had it even before I was a mom), and my time is not best spent cleaning our toilets. It is better spent either working, taking care of the other maintenances of life, or enjoying time with my family. See what else I’m not willing to do for the savings.


We live in an age of convenience. There are convenience services for just about everything. There is a service to pay someone to shop for you and deliver your groceries to your door! I even read a few weeks ago about a guy who created a business of standing in line for other people. I thought who the heck would pay for that?


Some of these conveniences are great, and free you up to enjoy life or be productive. And some just go too far in my book.


Can you afford convenience? Only if your answer yes to this question:

  1. Are you out of debt and have an emergency fund built and some savings/investing set up?

If you say yes, I would say you can save some time and indulge in some occasional conveniences. If the answer is no, you absolutely should NOT be paying someone else to buy your groceries or clean your house. You should bare down and rough it until you get out of debt first.


Having a hard time keeping your savings goals? Check out my tips for setting your goals and keeping them.


Comments (16)

Leave a comment

Your email address will not be published. Required fields are marked *

Prev Post Next Post