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ABCDEFGHIJKLMNOPQRSTUVWXYZ
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(per month)
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This exercise is adapted from the book "Your Money or Your Life", by Joe Dominguez & Vicki Robin (Penguin Books, 1992)
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You've heard that "Time is Money". Would you agree that "Time is Energy"?
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It is, if you're alive. If Time is Money, and Time is Energy, then Energy is Money.
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On the surface, you may think that you work 35, 45, even 65 hours per week for \$1,500, \$2,500, even \$5,000 or more.
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This exercise will cause you to recognize the additional hours of your energy that you invest, and the costs you incur,
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to generate that income.
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This Exercise Should Take Approximately 15 Minutes to Complete.
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Calculating your "REAL HOURLY PAY RATE"
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Average Monthly Gross Pay
\$2,383.00
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Your Avg. Tax Rate (Fed, State, & Local)
0.15
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Average Monthly Net Pay
\$2,026
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# of hours you believe you work per week
40.00
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Your Current Net Rate per hour
\$11.78
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Note:
YOUR Estimates are based upon dollars expended / month, and hours expended / month for job-related activity
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and job-related requirements and necessities ONLY.
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TimeMoney
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\$/month Subtracted
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Commuting:
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commuting time per month, if you drive
15.00
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wear and tear for commute miles
\$100
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gas & oil\$150
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public transportation
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parking fees
\$0
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tolls
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tires\$30
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Costuming:
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clothes bought for work
0.50\$50
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shoes bought for work
\$10
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drycleaning
0.50\$50
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makeup bought for work
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impressive briefcase &/or accessories
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grooming specifically for work
3.00\$15
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Meals:
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coffee breaks
3.00\$30
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lunches5.00\$25
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entertaining for work
1.00\$25
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food rewards for unpleasant job
1.00\$10
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convenience food costs (often high)
\$10
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Daily Decompression:
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time till kids can yell/play again
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0.25\$1
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beer, wine or other wind downs
0.50\$50
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time till able to work productively
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Escape Entertainment (to get you away from work and put you on an even keel)
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recreational substances
\$25
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movies\$20
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bars\$100
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weekend retreats
\$250
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other2.00\$50
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Job-related illnesses
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colds, flus3.00
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hospitalizations
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medications
3.00\$50
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other1.00
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Hired help, or servants, to:
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clean house
\$0
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mow lawn\$0
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fix car\$25
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babysitting
\$50
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childcare / daycare
\$50
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tutors for kids
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Job-related playthings
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technology/telecom
\$50
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country club dues
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fitness dues
\$50
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trips/vacations
\$100
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Other
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Unreimbursed Expenses
\$25
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Job-related education
\$25
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\$5
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Conferences
2.00
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Other
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TOTAL:
25.75\$1,431
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of additional time/money spent re: work.
HOURS
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The REAL # of HOURS YOU COMMIT to