Time is Money: New Tool Calculates the Value of Your Time
A new free online calculator from MoreBusiness.com helps people put their purchases in perspective by seeing how many hours they need to work in order to buy a desired item.
Rockville, MD (PRWEB) May 19, 2009 -- MoreBusiness.com releases the Time is Money Calculator, a free online tool that allows anyone to enter their current salary and the price of a product they want to buy to calculate how many work hours it would take them to make enough money to purchase it.
This new resource is designed to help people put their purchases in perspective so they can budget their time and money better. For example, if you make an annual salary of $30,000 and want to buy a new cell phone that costs $300, it would take you over 26 hours of work - more than half a work week - to make enough money to pay for the phone. Is it worth it?
"A price tag that reads '26 hours of your time' instead of '$300' drives home what that purchase means to you," says CEO Raj Khera. "The Time is Money Calculator helps you decide if it is really worth your time and money."
The calculator factors in the tax bracket depending on the salary entered, to get a more accurate calculation. A combination of the federal tax and an average state tax percentage is used to properly gauge the number of hours needed to work in order to make the purchase.
After calculating the number of hours needed to work to buy an item, users can click to a variety of articles on creating a personal budget, strategies to save money, and ways to make more money. Different article recommendations are shown based on the salary entered.
You can also share this calculator with others by posting it on your website or by linking to it from your Facebook page.
Share this calculator with your friends.
About MoreBusiness.com:
MoreBusiness.com is an award-winning small business website filled with sample business plans, marketing plans, templates, sample contracts and business agreements to help entrepreneurs start and grow a small business. MoreBusiness.com is part of a series of sites run by Khera Communications Inc., which includes email marketing service, MailerMailer, and discussion group management tool, DiscussThis.
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