Typically this is a statement meant to be used as a reason for not spending a lot of time to do something, even something that may save money, because as the sentence implies, time is as or more valuable then money. Which I don't disagree with necessarily. I've used it within that context before too. There are times when running an extra errand or spending too much time doing something that only has potential to save a few dollars, may not be the best use of times in those situations. Yet, I kind of feel that it's become part of our culture's way of justifying foolish spending, in the name of convenience. In that case, I disagree completely!
BUT...so here's where I've been taking this a different direction....what if we think about it from the perspective that spending some time "working" will equal money, whether it be through savings or an actual dollar(s) in your pocket. Okay, follow me for a few minutes...
Being a stay at home mom I obviously don't make a pay check, but I don't think that means I shouldn't have a responsibility to contribute to the family's financial situation. So for me it looks different then for working moms or working women. Since I don't make an "income", but I still want to make a difference in our budget, I work through savings. I'm not going to a job all day, which "frees up" some time (not that I'm sitting around doing nothing, but my schedule has some flexibility) for me in the day, and if I can use some of that time to do things that will save us money, I consider that a dollar I've earned. I guess the bottom line is that if I can spend some time doing something at home that will help us be better stewards of the income my husband brings home, I'm contributing by stretching his paycheck by not over-spending.
So, a few easy examples of things I've done that have taken time (more so then the more "convenient" route), but have saved us a significant amount of money are:
*Homemade baby food
*Getting children's items/clothes or household items at Garage Sales or Craigslist
*Making the soaps I posted about on here
*Clipped or printed coupons
*Taken time to look at unit prices and done price & product comparisons while shopping for household items or groceries
*Gardening and Canning
*Done research for free or inexpensive outings for our family
*Waited for things to go on clearance
*Gone to multiple locations to get the best price on items we needed (this is one of those situations where sometimes it isn't worth the running around, but it they are close enough to each other and the values are great, then it can be worth it)
*Mended, created, fixed or "face-lifted" items in order to not spend the money replacing them.
*Had garage sales and sold things on craigslist
So, time really IS money! Money in my pocket, money I've earned and contributed by not spending it foolishly. Money I'm able to use toward things that will better my family's financial situation. A little extra time spent can equal a WHOLE LOT of money, especially over time! :) What ideas do you have? How have you spent some time in order to save money? I love hearing your ideas too!
By the way, the garage sale update--the total was just about $150. It doesn't sound like a lot, but considering we didn't really have a ton of great items for sale, it's people paying us to get rid of stuff we don't want! :) So, in that case, it's a good chunk of cash AND it's 6 times our minimum payment on our smallest loan, which means we're that much closer to paying that one off. Exciting isn't it?
AND...that doesn't include the nearly $200 worth of items listed on Craigslist and another $300-$400 worth of items were going to be listing on Ebay and/or Craiglist. Not only are we paying of debt we're freeing up a whole lot of space in our garage!! Woohoo!!