The Billable Hour , If you’re finding that the bulk of household duties always seem to fall on your shoulders, maybe it’s time to try out the billable hour for housework. This way of thinking can help determine how much it would cost to hire outside support, in addition to keeping track of the time you spend cleaning. Below we evaluate some positives and negatives of this system so that you can make an informed decision about whether or not it could work for you. Plus, we provide advice on how best to get started if you want give it a go!
One of the major advantages of using a billable hour system for housework is that it can help to more fairly divide up the workload. It can help you and your spouse keep track of who is doing what and make sure that everyone is pulling their own weight. It can also be helpful if you have children, as you can use the billable hour to calculate how much time they should be spending on chores each week. This can make things a lot easier and less stressful for everyone involved.
Another advantage of using the billable hour system is that it can help you save money. If you’re hiring a maid or cleaning service, you can use the billable hour to make sure that you’re getting your money’s worth. You can also use it to keep track of how much time you’re spending on housework so that you can budget your time more efficiently.
There are a few dangers that come with the billable hour system for housework as well. One of the primary issues is that it could lead to bickering over who is doing more work. If one person feels cheated, it might create some serious conflict. Another potential disadvantage is that juggling different tasks and trying to keep track of hours worked might be tough if you have lots of things on your plate each week.
What do you think of charging by the hour to split up housework?
THE BILLABLE HOUR ,
A billable hour is an hour spent serving the client. It includes all the time that attorneys and paralegals spend actually thinking about or working on a matter or case.
Examples of billable time include revising a purchase agreement; drafting an employment agreement or other contract; writing a brief or appeal; strategizing, researching, and corresponding with clients; and attending hearings or meetings. Put simply, it’s time you spend on professional tasks that your law firm can and should charge to its client at a previously agreed-upon rate.
The billable hour has been around for a long time. However, the legal industry has seen a movement toward a range of alternative billing structures. A few examples include flat-rate billing, subscription-based fees, contingency fees, limited scope representation, and sliding scale fees.
Regardless of what structure your law firm implements, the key is making sure that you’re tracking time accurately and getting paid promptly by clients for services you render.