I tracked how much time I spent managing my family's finances. What I found shocked me.
I tracked the time I was spending managing my family's finances. It amounted to 16 hours a month, and I now call myself the family CFO.
A woman tracked her weekday off hours for one month and was shocked to find she spent 16 hours managing her family's finances. This time accounted for 10% of her non-working hours. The tasks required for financial management consisted of small tasks like removing duplicate charges and comparing insurance premiums. The woman had not realized how much time she spent on these tasks as they were usually done alone and the hours added up without her conscious awareness.
Understanding the workload was bittersweet, as she questioned what she could have done with that time if spent differently, but also realized the importance and gravity of the work. She now calls herself her family's CFO, acknowledging the meaningful and important role she plays in managing their financial health.
Written by urgent.news from Business Insider's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
