How much money are we wasting by taking so many selfies? What you’re about to learn may astound you. The average person spends about three hours and forty minutes every day on their smartphone, whether they like it or not. The way we interact and even shop is all influenced by how we feel connected to each other thanks to social media.
Taking selfies, for example, has allowed them to invade yet another aspect of our lives. Despite the fact that you may take a few selfies from time to time, have you ever paused to think about the bigger picture? In order to better understand the possible impact of selfie-taking time, we evaluated critical data. Scaling back on the number of photos you take might really help you advance in life faster than you previously thought.
Then, how much time do we waste posing for the camera?
Millennials in the United States between the ages of 18 and 34 are predicted to take more than 25,000 selfies in their lifetimes, according to research. There are 2,400 hours spent snapping selfies over the course of a lifetime, or 38 hours a year—almost a full work week!
According to the American Time Use Survey done by the U.S. Bureau of Labor Statistics, that’s more time each year than we spend managing our own money, looking for and applying for new jobs, attending or organizing social events, or even walking.
Selfies have a high opportunity cost.
The expense of taking the ideal selfie numerous times a week might be hiding in plain sight if you’re doing it often. Take a look at the following opportunity costs to see what else you may be accomplishing with your time and how they can affect your long-term goals.
You could earn more money
Selfies are more popular in the United States than seeking a job. If you’re dissatisfied with your present employment, try scheduling time to look for a new position or acquire a new skill that might lead to a raise.
There are various methods to generate additional money, such as picking up an extra shift or two or taking on a side job. Because the average hourly income in the United States is $23.31, putting in an extra 38 hours of labor per week might get you an extra $885.78 every year.
You could pay down debt
Paying off your debt is another option for putting your time to good use. A decent debt repayment strategy might be completed in a little more than three hours per month if you set out 38 hours per year to commit to it. To avoid becoming consumed by the selfie culture, you may devise a strategy to pay off your debts, based on the type and quantity of debt you now owe and your financial goals.
To receive the debt relief you deserve, it may surprise you how much progress you can accomplish by focusing on your financial well-being.
You could improve your health
You can make a huge difference in your health by spending just 38 hours a year, or 44 minutes per week. There are almost 17,000 5K races organized in the United States each year, so you could walk briskly for 11 minutes four times a week to clear your mind and reduce stress.
Moving your body a bit each day can have long-term health and financial advantages, regardless of what you do. Improving one’s health can be a thoughtful strategy to anticipate lower healthcare expenditures in retirement because healthier people are less likely to experience health issues in old age.
When you consider that medical expenses account for around two-thirds of all bankruptcies, it’s obvious that whatever you can do to lower your likelihood of having to pay for healthcare is a good thing.
In addition, you may be able to free up some money in your spending plan. It is estimated that an average married couple with children spends 7.1% of their household income on health care. If you think health care expenditures are a significant portion of your budget, getting healthy instead of shooting selfies might help.
Your utility costs might be reduced
Selfies take up 44 additional minutes per week, which may be used to better manage your finances and lower your monthly costs. It’s now easier than ever to find methods to save money because of websites and applications that allow you to quickly compare rates. Spending half of that time would provide you with 22 minutes each week to minimize costs, which is more than enough time to pay one bill.
Taking a few selfies isn’t the end of the world. However, the truth is that we waste a lot of time on our cellphones, doing things that don’t really help us in any way. The more time you spend on activities that will help you go ahead, the better your life and finances will be.