The decision that you take into account everything can be considered as an opportunity cost or opportunity cost. The opportunity cost is the opportunity cost can be divided into personal, financial and opportunity costs.
Personal Opportunity Costs
It is important in the private opportunity cost is the time that you use to carry out an activity you can not use for other activities. When you use it for study, work, or shopping you can not use for other activities. Allocation of time in daily life should be used to meet your needs, to achieve the goals you want to accomplish and create a personal satisfaction for you
Private opportunity cost is not less important, namely health. Irregular eating patterns, often staying up late or do not like exercising will make you sick, and raised the cost of treatment and you can not do activities that are useful. Personal opportunity costs that require the attention of the personnel, skills, and knowledge.
Financial Opportunity Cost
Most of the decisions you make in life must have been related to finance. In financial decisions, the main thing to consider is the time value of money or the value of money over time, that can be interpreted simply means increasing the amount of money due to the amount of interest you earn
Your decision to invest in debt or have to see the value of money over time charges. Credit card debt with interest rate of 3 percent per month or 36 percent a year, it would be better if the interest rate is the result of investments you make. Investments you make the investment instruments that give flowers or anything in return different results, will also give different results at the end of the investment period. Thus, ownership of investment products to achieve financial goals is an important thing you should do.
"Credit card debt with interest rate of 3 percent per month or 36 percent a year, it would be better if the flower is the result of an investment that you do"
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