Time Is Money

MoreBusiness.com recently released the Time is Money Calculator, a free 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 purchase it. The calculator factors in your tax bracket depending on your salary, so that you will get a more accurate calculation. This 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 you want to buy a pair of designer shoes that cost $500, it would take you more than 44 hours of work-more than a full work week-to purchase those shoes. Is it worth it? This tool can be a great help for people to use has they put aside money toward debt settlement or savings.