Time Value Calculator
Calculate what your time is really worth. Compare outsourcing vs DIY to make smarter business decisions.
Your target or actual annual income
Total hours worked including admin
52 minus vacation and sick weeks
How long this task would take you
What a freelancer/VA would charge
Your Time Value
What each hour of your time is worth
$41.67/hr
Per Minute
$0.69
Per Day (8hr)
$333.33
Doing It Yourself
$208.33
✅ Outsource This Task
Outsourcing at $100.00 saves you $108.33 compared to doing it yourself (5hrs × $41.67/hr).
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Your Time Has a Price
Every hour spent on a low-value task is an hour not spent earning your full rate. This calculator helps you make data-driven decisions about what to do yourself versus what to delegate or automate.
The Outsourcing Decision Framework
Compare the outsourcing cost to your hourly rate. If a task takes you 5 hours at $100/hr effective rate (=$500 of your time) and you can outsource it for $200, you save $300 and gain 5 hours for billable work.
Frequently Asked Questions
How do I calculate what my time is worth?
When should I outsource?
What tasks should freelancers outsource first?
Recommended Tools
FreshBooks
Invoicing and accounting software built for freelancers. #1 rated for ease of use.
QuickBooks Self-Employed
Track income, expenses, and mileage. Maximize tax deductions automatically.
Xero
Beautiful accounting software for small businesses and freelancers.
Wave
100% free invoicing and accounting. Perfect for solo freelancers.
Bonsai
Contracts, proposals, invoices, and accounting — all-in-one freelance suite.
Gusto
Payroll and benefits for freelancers who hire contractors or employees.
We may earn a commission if you sign up through these links, at no extra cost to you.
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