Poverty entails more than a scarcity of material resources—it also involves a shortage of time. To examine the causal benefits of reducing time poverty, we conducted a longitudinal field experiment over six consecutive weeks in an urban slum in Kenya with a sample of working mothers, a population who is especially likely to experience severe time poverty. Participants received vouchers for services designed to reduce their burden of unpaid labor. We compared the effect of these vouchers against equivalently valued unconditional cash transfers (UCTs) and a neutral control condition. In contrast to our pre-registered hypotheses, a pre-registered Bayesian ANCOVA indicated that the time-saving, UCT, and control conditions led to similar increases in subjective well-being, reductions in perceived stress, and decreases in relationship conflict (Cohen’s d’s ranged from 0.25 to 0.85 during the treatment weeks and from 0.21 to 0.36 at the endline). Exploratory analyses revealed that the time-saving vouchers and UCTs produced these benefits through distinct psychological pathways. We conclude by discussing the implications of these results for economic development initiatives.