With Time to Spare

Organize to Make Life Easier

Sue McMillin

Organizing Consultant & Speaker

719-352-5535
sue@withtimetospare.com

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You are here: Home / Life Lessons / Make Saving Time and Money Your Daily Passion

June 15, 2016 by Sue McMillin

Make Saving Time and Money Your Daily Passion

Ben Franklin got it right when he said, “Time is money.” The simple fact that time equals money escapes many hard-working people.

I’m always surprised when someone tells me that they drove 5-10 miles to save 5-10 cents on a gallon of gas, so whatever savings made at the pump are lost in the drive to get the savings.

But this is a drop in the bucket to how much time folks spend searching for misplaced or buried files, both paper and electronic.

Industry statistics show that time equals money

Here are two interesting points from a Xerox industry white paper:

  • Non-productive information work, such as reformatting documents or reentering documents into computers, consumed more than $1.5 trillion in U.S. salaries
  • Survey respondents spend as much as 26% of their time trying to manage information overload

And how about these four from PricewaterhouseCoopers:

  • According to Michael F. Woolery in Seize the Day, a single piece of paper can be looked at and picked up 30-40 times by disorganized executives without a single action taken
  • A typical office possesses 19 copies of a document
  • The cost of searching for a misfiled document: 6x the original cost of filing the document
  • Office workers lose one out of every 20 documents, and on average, requires 25 hours to recreate

My experience shows time equals money

My experience working with folks for over 30 years in business, education and government confirms these facts. On average, employees waste 30 minutes to an hour a day searching through paperwork, stacking and moving folders, or simply recreating documents they cannot find.

Take a moment and consider how time equals money by considering the value of your time.

Therefore, if you make $50,000 a year, your time equals $25 per hour or 42 cents a minute. At $75,000, it equals 63 cents a minute. At $100,000, your time equals $50 per hour or 84 cents a minute.

So, when you lose 4 hours a week to clutter and disorganization, you’ve devalued yourself by $100-200 per week. And that works out to roughly $5,000 to $10,000 a year.

Want to show yourself as more productive to management? More responsive to information requests from coworkers? Have a more enjoyable workday?

Then learn organizing skills. Your time is money – value it!

Filed Under: Life Lessons, Organize Your Office

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Sue’s Story

I've been a professional organizer most of my adult life. Who I am and why I love my work comes from how I was raised and the mysteries of DNA!

From the most humble of beginnings in Kentucky to helping businesses and organizations across the U.S., I always try my best to share both practical and inspirational principles and techniques.

I hope you enjoy your visit here and come back often. And feel free to call or email anytime.

Even though you might reach me on my porch looking out at the Colorado Rockies, a born and bred Kentucky girl enjoys a good chat.

Order out of Chaos

Recent Posts

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  • Clear, Clean, Celebrate!

Quick Reads

  • Give your kids what they really want: your time, energy and focus
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