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DMK Savings Fact : Cost in Time 

One of the best ways to deter impulse spending is to consider how long it took for you to earn the money a new item costs. 

If you are considering a new pair of shoes that cost $80 and your current employment provides $20/hour; are the shoes worth 4 hours of labor? 

Don't forget to add tax to the shoes and reduce your income for earnings tax and other deductions. 

When all is said and done, a new pair of shoes could cost you 5 hours of work.  That's 5 hours of your life that could be spent on something more important than a pair of shoes. 

However, it really depends on the shoes.  Are they worth it?