By converting the cost of an item into the amount of time you need to work to afford it, you can gain a better perspective on its value and whether it's worth the effort.

For example, if something costs £100 and you earn £10 per hour, you can calculate that it would take you 10 hours of work to cover the expense. If you feel that 10 hours of your time is worth the item, then it might be a justifiable purchase. However, if it would take you a significantly longer time to earn that amount, you might reconsider whether the item is truly worth the effort.

This approach allows you to prioritise your spending and make more conscious choices about your purchases. It helps you align your expenses with your personal values and financial goals. By considering the time investment required for each purchase, you can save more money by avoiding unnecessary or frivolous expenses.

Learning how to assess the worth of an item based on the effort required to earn the necessary funds, ultimately helping you achieve your financial goals.