The Debate: Time vs Money
Everyday we’re faced with the decision of time vs money. For bloggers it tends to be situations such as creating a graphic, creating or updating your website, keeping up with social media. Without realizing it we make a decision without weighing accurately the value of time vs money.
Is it possible to create a graphic yourself using Canva? Yes, very possible. How much time would it take you to do it is the question. If it takes you 4 hours to create one graphic is it worth the amount of time you are spending or would you be better off having someone create it for you and you knock out a blog post or even two? It’s a delicate balance, especially when you are first trying to get everything rolling. The think you don’t want to do is burn yourself out during the initial startup because then what good will you be able to do both on a personal and professional level.
Looking At The Bigger Picture
I hear stories of where someone tried to create their WordPress site and worked for weeks on it only to have something “break” so they have to find someone to fix it. It a lot of these cases they turn to a WordPress specialist who could have had the whole site up and running in that time but now their site is down for an additional amount of time essentially costing them twice. I know that on the other hand there are always the success stories of someone who created their site themselves and it worked great. [clickToTweet tweet=”It’s important to look at the whole picture in this decision process to make the most effective choice. ” quote=”It’s important to look at the whole picture in this decision process to make the most effective choice. “]
Finding A Balance
Your time is of value and its often hard to realize that and give it a monetary value when you are tryingto save money Click To Tweet. However, there are times when doing it yourself is actually costing you more than paying someone to take care of it for you. It’s important to take the time to evaluate- What is your time worth? Is it possible to put a dollar value to that? Lifehacker.com has an interesting article regarding this“Find Out How Much Your Time Is Worth”. Another great article on this is James Clear “Value of Time.”. He even has a great free pdf download of a Time-Value spreadsheet that is very helpful.
Do you have any methods to working out the time-vs-money balance? What has worked best (or not) for you?