How in
the world would that save me time?
Big Picture.
you can run in circles dealing with foam only. Read up on foam and then read up on Bass Traps, OC705 Fiberglass Panels and also Rockwool.
Foam helps cut echo/flutter/reflections - especially in the mid and high frequency ranges. The bad part is they do nothing for the low end. Now your room is technically full of low end sound and that would cause you to make bad decisions at mixing time and even if you're not mixing it can effect a track your recording like vocals.
The various bass traps and panels do a much better job of covering all frequencies, and they can do it without covering the entire wall.
So how does this save you time? If you're looking for a quick fix it doesn't.
however running away from proper treatment will constantly leave you feeling like your sound can be improved, so you go back and get those items, re-record, and re-mix everything you've already done. Now you've bought all this foam, only to be unsatisfied and then you do the fiber glass panels
so the money you spent on foam is now a waste because you won't even be using it. If spending a day or two building your panels takes too much time, remember that time is going to pay you back with better recordings. If you don't have time for that, the you don't actually want an improvement and therefore may not be very serious about your productions in the first place. I'm not accusing you of that, but I ran in that circle for a long time and did my panels this year. I wish I would have done it a long time ago. I could have tracked more at home with better efficiency and then only gone to a big
studio for final mixing.
measure once and cut ten times
or
measure ten times and cut once