Abstract: The present invention is a parking time indicator key fob which includes a housing and a timing device contained within the housing for counting down an amount of time. A display is connected to the housing for indicating an amount of time remaining on the timing device. The present invention further includes a means for setting the timing device to the amount of time and an alarm mechanism is connected to the timing device. Upon setting the setting means to the amount of time, the timing device is activated causing the timing device to count down from the amount of time value to a zero value. Upon reaching a predetermined value, the timing device causes the alarm mechanism to be activated thereby alerting a user that the amount of time is approaching the zero value.