Quote: (07-09-2013 09:35 PM)snoop Wrote:
You are valuing your time at $5 an hour, which is a shit rate, even minimum wage at a fast food place pays better than that.
If you can make more than that per hour (like $10/hr) you are better off working an extra hour, buying the more expensive product, and have an extra hour of free time for the same money.
This has always been a pet peeve of mine, that yes there is opportunity cost associated with spending time to save a marginal amount of money, but most people don't get to pick and choose which and how many hours they get to work. Simply stated not all hours are created equal. If you have a normal job, the hours of 1-3pm are likely a lot more valuable than 6-8pm. Yes you are valuing your time at $5 an hour, but if you were otherwise just going to sit at home playing with yourself, that's $5 an hour better than any other opportunity you had for that time.