Time is Money: A History Lesson

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Post by Contributing Writer, Rachael

The fall weather here in the Midwest makes me want to grab a hot cocoa, curl up with a good book and not move from the couch for days. And while I am a big fan of rest and rejuvenation, I often find that I can easily waste my time.

“Remember that time is money. He that can earn ten shillings a day by his labour, and goes abroad, or sits idle one half of that day, though he spends but sixpence during his diversion or idleness, it ought not to be reckoned the only expence; he hath really spent or thrown away five shillings besides.” Benjamin Franklin, 1748

There is a lot of wisdom that comes from Mr. Franklin.  Living a simple, frugal life requires that we understand this principle.


Time & Money

If I need to make laundry detergent but spend that one hour checking my Facebook page, I have lost the cost of that project.  Sure, I may do it later but what will I give up to make the time.

When I choose to read the latest issue of Dwell instead of read to my 5-year-old, what is lost is wealth of a growing and educated mind.

In that moment where I choose to sleep just a few more minutes instead of get up to read my Bible, I am losing the investment in a precious relationship.

We absolutely need refreshment and rest but we can’t let today slip away. We don’t just lose the time spent but we also lose potential money saved or earned.

Our time and our money is intimately connected. A commitment to keep our time well balanced pays for itself.

What are you doing with your time today to save you money tomorrow?

Rachael shares financial tips from her kitchen table surrounded by an infant, two active toddlers and her husband. God has called her from corporate life into His grace as an at-home wife! She shares about her passion for motherhood and life at To Be a Mom…

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