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A calculator has been created to reveal the monetary value of your free time. By estimating how much free time you have, and adding your own costs for each, the tool provides you with a calculated sum at the end \u2013 which could be hundreds of thousands of pounds.<\/p>\n<\/div>\n
It comes after research found the average Brit reckons an hour of their time is worth \u00a347 \u2013 more than twice the national average wage.<\/p>\n
Researchers asked 2,000 adults to put a value on the different ways they spend their time \u2013 including work, socialising, looking after children, housework, and helping others.<\/p>\n
It shows that while the nation earns an average of \u00a322 an hour, they value their free time much higher, at \u00a356.<\/p>\n
Time spent with children is the most valuable of all, with people typically putting the value of this at \u00a3106 for 60 minutes.<\/p>\n
However, when it comes to friends or neighbours in need, time is not an issue, as 80 percent would happily help out for free.<\/p>\n
It also emerged adults reckon they waste 11 hours of their time a week waiting around for things \u2013 or just doing nothing in particular \u2013 costing up to \u00a3517.<\/p>\n
The research was commissioned by over-50\u2019s life insurance company, Cover Today, whose spokesman said: \u201cTime is the one thing you can’t buy or earn more of, so invest it in what truly matters.<\/p>\n<\/div>\n
\u201cMany people say the true wealth of a person is measured by how they invest their time in relationships, and pursuits that bring them happiness.<\/p>\n
\u201cIt seems millions are squandering some of their valuable time on nothing in particular \u2013 which we\u2019re all guilty of.\u201d<\/p>\n
The research also found over a quarter of adults (26 percent) admitted they are guilty of under-valuing their time \u2013 while 72 percent value their personal time far more than that which they spend at work.<\/p>\n
More than half (56 percent) said this is because you can\u2019t put a price on freedom \u2013 while 54 percent blame it on work being something they have to do, not something they want to do.<\/p>\n
Two-thirds of adults polled, via OnePoll, also hate having to wait around for things, and the same number believe we now live in a time where having to wait a long period for something is \u201cunacceptable\u201d.<\/p>\n
The spokesman from Cover Today, which claims to be the only over-50’s life insurance provider to offer immediate protection for death by any cause, added: \u201cTime is precious, and waiting can be a real test of one’s patience.<\/p>\n
\u201cIn a world where everything moves at lightning speed, waiting is the last thing anyone wants to do \u2013 so finding ways to cut how much you need to wait is a smart way to live, which will give you time to do the things you really want to do.\u201d<\/p>\n<\/div>\n[ad_2]\n","protected":false},"excerpt":{"rendered":"
[ad_1] A calculator has been created to reveal the monetary value of your free time. By estimating how much free time you have, and adding your own costs for each, the tool provides you with a calculated sum at the end \u2013 which could be hundreds of thousands of pounds. It comes after research found …<\/p>\n","protected":false},"author":1,"featured_media":11267,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[763],"tags":[],"_links":{"self":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts\/11266"}],"collection":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/comments?post=11266"}],"version-history":[{"count":0,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts\/11266\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/media\/11267"}],"wp:attachment":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/media?parent=11266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/categories?post=11266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/tags?post=11266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}