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New York execs are paying up to $350 an hour to have their closets organized and dishing out $300 for personal chef services — and it's no longer just the ultra-wealthy who are doing it

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For many New Yorkers, time is money. Now, more people than ever are willing to pay for it.

In a recent article for The New York Times, Alix Strauss reported that many businesspeople living in Manhattan are paying hundreds of dollars a week for personal shoppers and chefs in order to save time normally wasted on running errands.

Beth Fisher, a Manhattan marketing executive who employs both a personal chef and stylist, told The Times, "I don't want to spend my time shopping online or at the stores. I would rather spend time connecting with family, staying fit, or reading.

According to The Times, chefs buy and bring groceries to the client's home and prepare a week's meals, labeling containers and organizing the refrigerator. Meanwhile, personal stylists cart department store racks directly into New Yorkers' living rooms, swapping out-of-style pieces for those in vogue.

While The Times reported that these services are becoming more common, some specialties — such as $900 custom-made shirts— are still reserved for New York's superrich.

Read more: Time is a CEO's most valuable resource — here are all the people the .01% hire to keep their households running smoothly

Personal chef visits such as Eat Well Food by Daniela and Carried-Away Chefs can range from $300 to $500 per week, reported The Times. Personal shopping is even more expensive; rates for wardrobe styling company NYCStylist begin at $350 per hour with a 20-hour minimum.

 "At home they're not fighting with the masses; my clients don't want to wait to see a size or color, or interface with a sales person who is going to upsell them," Laura Solin-Valdina, owner of NYCStylist, told The Times.

These services join a long list of expenses wealthy New Yorkers are willing to splurge on. Business Insider's Katie Warren previously reported that wealthy New Yorkers are asking more of their kids' nannies— including providing massages and styling hair — as the demand for personal services grows higher to save time.

Meanwhile, Hillary Hoffower previously reported that some New York parents are dropping $375 per hour on prep courses for top-rated kindergartens referred to as "Baby Ivies," along with $400 per month in member fees for executive social clubs.

Read the whole article at The New York Times »

SEE ALSO: Wealthy New York moms are embracing a $600 'uniform' that signals a change in how people display their money

NOW READ: We asked 17 people on the street in New York City what it means to be rich, and most of them didn't talk about money

Join the conversation about this story »

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