How do you decide when to pay money to save time

If you ask me "could allocating discretionary income to buy free time – such as by paying to delegate common household chores, like cleaning, shopping, and cooking – reduce the negative effects of the modern time famine, thereby promoting well-being?”

My answer: Hell yes!

Across a series of studies, the researchers found that spending money to save time made subjects feel less stressed and therefore, happier.

But the question is "how do you decide when to pay money to save time?"

First: Calculate the value of your time. This is a simple but effective exercise in valuing your free time.Use an online calculator to figure out how much one hour of your time is worth. That makes it tons easier to decide how much money to throw at a task.

Second: Prioritize your spending. Chances are, you have limits on your discretionary income, which means you have to set priorities for your spending.

Third: Consider the task.The nature of the task matters, and stress is a major factor in calculating whether the task is worth it.

That’s not to say you shouldn’t start spending money to save time — the data shows it’s totally worth it — just remember: there’s a tradeoff, and ultimately, it’s up to you to figure out the best way to use your money.