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LPT: Use the ‘how many hours worked will this cost me’ mental shortcut correctly
LPT: Use the 'how many hours worked will this cost me' mental shortcut correctly We often think, “that $60 game is only 3 hours of work at $20/hr.” But try this instead:
After setting aside all budgeted expenses, let’s say you have $200 left each month. Divide that by your work hours, like 160 hours/month:
$200 / 160 hours = $1.25/hour (your true earnings per hour).
Now, check the real cost:
$60 item / $1.25/hour = 48 ho...
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