We’ve recently been totally slammed schedule-wise… We’re coaching three soccer teams (fortunately only three of our four boys are playing age), my workload has ratcheted up about ten notches, we’ve had sick kids, which means doctor’s appointments, a backlog of homework, etc. Oh, and we’re in the midst of a relatively major home renovation.
All of this, combined with a recent comment from a reader named Floyd, got me to thinking about the relationship between free time and spending vs. saving money. In response to a post on debt reduction strategies, Floyd stated that:
“When you’re busy, you save money.”
Really? Let’s think about that for a minute… If you’re wildly overscheduled, you might not have time to incur entertainment expenses, engage in frivolous shopping, etc. But… Perhaps you’re more likely to rely on costly convenience items to get you through the day, wind up paying late fees for things you forgot to return (or pay) on time, etc.
So, dear readers, which is it? Does a hyper-busy life save money? Or do you actually end up spending more when you’re busy than when you have time on your hands? While the answer will probably depend on why you are busy (maybe you’re out there making more money?) and how truly busy you are, I’d still love to hear your thoughts.