I recently posted this to my Facebook. I thought it might be interesting, if old-hat, to this audience.
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So we live in rich-town CA, where (it seems) no one washes their own car. Hard to motivate yourself to when the mortgage/rent is so relatively large. In fact, I made a post a year ago where I claimed that paying for carwashes was nonsense, but I'm so inured to the idea that one does not wash their own car that I didn't even consider that third possibility.
Well, with the lack of rain and lack of washing, my car is now well and truly gross. To the point where even I can't tolerate it. So that changes today.
But I'm still not paying to get it washed. I'm washing it myself. And for all you lazy folks like me out there who had been paying to get your car washed, try this exercise and see what you come out with. The goal is to motivate you to get off your butt and get out there with a bucket and a sponge. Here's my line of thinking:
It takes (liberally) about half an hour to wash your car if you do a reasonably thorough job without waxing. It takes about ten minutes to get your car washed at a moderate-service type place, including the detour, waiting in line, paying, etc. So the net cost in time of washing your own car is about twenty minutes.
Around here, it costs about $15 to get your car washed at a mid-tier place. Multiply this by your marginal tax rate to get a pre-tax rate. Rather than disclose mine, I'm just going to use 35% -- not at all a hard number to hit in California. Multiply by three (60 min/hr / 20 min) to get the hourly, pre-tax saving rate of washing your own car.
In my scenario, this comes out to $60/hr pre-tax. If you could get paid the same rate on a yearly basis, that would be $125k/y. That's pretty good return on investment! So, yeah, from now on, I'll be washing my car.
Please don't ask me to apply the same logic to mowing my own lawn. I don't want to think about that right now. D:
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I think this is a good way to think about a lot of the conveniences we might choose to pay for or might choose to do ourselves. That is, if I translate this number into the yearly rate I would get paid if I did it full-time, does it really make sense to pay someone else to do it?
In fact, for me, this number is somewhat below my normal hourly rate. But a Mustachian can get a lot more out of this than mere savings. I feel a warm glow in my heart right now when I think about how I got off my lazy ass and did this work. I know for a lot of you work like this comes as easy as breathing, but I am truly a lazy person, so it's an accomplishment for me. Don't judge :). It feels good to exercise this muscle, so if that motivates someone else here to wash their own car, good!