Yes, it does. Drips waste a precious resource - WATER! And it can end up costing you money. As an example, if you have a faucet that drips every second, this adds up to as much as 2 gallons each day. Over the course of a year, that is over 700 gallons! Our water is billed for every 750 gallons so just a little drip can eventually start costing you.