Friday, November 14, 2014

Time Is Money - A Chrome Extension That Shows You Material Value of Your Time

"Time is money," we've all heard it, but what does it really mean? A Chrome extension called Time Is Money can help you see what the expression "time is money" means.

Time Is Money will display the number of hours you would have to work in order to have enough money to purchase any product that you find listed with a price on the Internet. For example, I went to and found a couple of sweaters that I might like to buy. With the Time Is Money extension activated, the price in dollars is displayed along with the price in hours I would have to work in order to buy those sweaters.

Time Is Money can be customized to be based on your hourly wage or your annual salary. To test the extension I entered an hourly wage of $10/hour.
Click image to view full size.

Applications for Education
High school students who have just gotten their first jobs may find the information that Time Is Money reveals to be an eye-opener. It's also a nice little extension that I will integrate into my hands-on economics lesson, Life on Minimum Wage.

My only criticism of the extension is that it doesn't appear to account for taxes and Social Security contributions being withheld from a paycheck.

H/T to LifeHacker.