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How Much Are You Saving Per Hour?

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​If you are just starting out living the Cheapskates way you may be feeling a little overwhelmed by all the hints, tips and ideas to save you money, time and energy. Pick one or two and work on them until you are doing them without even realizing. Don't forget to factor in the time spent versus the money saved. Sometimes it is easy to get so caught up in trying to save every cent possible that you lose sight of the goal and end up spending hours to save just a few cents.

I aim to save at least $25 an hour by implementing an idea, or it's not worth my time, which could be used elsewhere to save. For instance I make Cheapskates washing powder. A 3 month supply costs around $4 and takes less than 5 minutes to make. To buy a three month supply of washing powder costs around $36 - a saving of $31 for 5 minutes of my time. On the other hand I don't make wraps. Although they only cost $1.20 to make 8, they take about 30 minutes of my time. I can buy a packet of 8 wraps for $2.50.  There are other things I can do with my time that will save me more than $2.60 an hour. Of course, if you love breadmaking and have the time then saving isn't the reason you do it.

But if you are spending your time to save money, make sure the saving is worth your time. 

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  • Home
  • Join the Club!
  • About Us
    • Cath's Story
    • Ask Cath
    • Glossary of Cheapskating Terms
  • Forum
    • Current Forum Discussions
    • How to Use the Member Forum
  • Inspiration
    • Getting Started
    • Articles
    • Housekeeping Routines
    • Budget Renovations
    • Saving Stories
    • Learning Centre
  • Recipes
    • Recipe File Index
    • Meal Plans
    • Add a Recipe
    • $300 a Month Food Challenge >
      • $300 a Month Food Challenge
      • The $300 a Month Food Challenge Forum
  • Newsletters
    • Newsletters 2023
    • Newsletters 2022
    • Newsletters 2021
    • Newsletters 2020
    • Newsletters 2019
    • Newsletters 2018
    • Newsletters 2017
  • Saving Money
    • Latest Tips 2023
    • Latest Tips 2022
    • Cheapskates Tip Store
    • Tip Sheets
    • Top Tip Competition
  • Contact
    • Changing Details
    • Help Files
  • 15 Ways to Have a Great Valentine's Day the Cheapskates Way