happiness dollars
Similarly, starting to pay to outsource our most-disliked tasks increases happiness by about 0.5 points on a 10-point happiness scale. By comparing these two numbers, I can assign a dollar value to the amount of happiness that this decision creates: about USD$10,000 of happiness for someone making $50,000 year.
The science behind time accounting is still evolving, but we can start to apply this approach as a way to make time value feel more real. One answer to the question is that the happiness benefits offset the financial costs, to a surprising extent. Outsourcing your most-disliked task each month is worth $18,000. That's a big boost. What's more, this happiness increase doesn't account for the multiplying effect of spending your newly freed-up time in happier ways.
We drive out of our way to save a few pennies per gallon on gas, and we comparison-shop between stores for items we might save only a few bucks on. This costs us about $3,300 per year.Our most egregious misuse of our time is how we treat vacation days. In my research, the average US employee took off nine vacation days per year. If Americans took eight more days off per year , it would result in a bump of $4,400 per year.
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