I found this interesting article discussing the value of time in financial aspect. It discusses how our every action is costing us money or sometimes earning it. This article is directly tied into the notion of time value of money, and I must say that this article is oversimplifying the matter.

Of course, our every action can be calculated in the form of numbers, but we must remember that they also possess intangible value. Although the article discusses how brushing your teeth costs $1.22 (Australian Dollars) and boiling and eggs costs $,2.33 it does not take into account of its future value. For instance, the cost of brushing your teeth is a minuscule amount compared to what you must have paid once your had gone rotten. Also, apart from its financial value, the act of brushing your teeth will help you maintain your oral health and have positive, psychological effect on you. Thus, even though the article argues that time is money and thus time must not be wasted, it is premature to determine if certain action (or cost) is worth it before figuring out its future value. Jim Lorenzen has also written a blog post on the time value of money. He also agrees that figuring out the value of time is important before making decisions.

(image from http://www.thelivingwine.com/blog/whats-the-right-way-to-brush-your-teeth/)

Padley, M. (2013, June 26). Cost of a cold one can really burn. Retrieved from http://www.smh.com.au/money/planning/cost-of-a-cold-one-can-really-burn-20130625-2otfw.html