THE IMPACT OF DAILY DECISIONS
In this activity, you will evaluate the opportunity cost of your daily spending choices. Opportunity cost: Refers to the financial opportunity that is given up because you choose to do something else with your money.
Download the Impact of Daily Decisions .docword documentor .rtf.
For Part One, fill in the missing blanks in the chart by computing the daily and monthly cost of each item listed (use 30 days in a month).
Add two of your frequent expenses to the bottom of the chart and compute the daily and monthly cost for those as well.
Utilize the formula for compound interest or the Investing Calculator at foundationsU to figure out the future value of your expenses if you invested that money for 30 years.
For Part Two, answer the questions at the bottom of the document in complete sentences.