Browsing Tag

true costs

General

How Much Does It Really Cost?

consider hidden opportunity costs when making decisionsHave you ever stopped to think about how much a decision you make will really cost you?  I’m not talking about just the dollar cost.  I’m talking about the opportunity cost.

What is an opportunity cost?

I’ll explain using an example.  If you decide to attend college.  The true cost of going to college is much more than your room and board and tuition costs.  You should also factor in how much you could earn working a full time job.  If you knew for sure that you could earn $30,000 per year working full time. then your decision to attend college should factor in this additional cost.

Continue Reading