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What Is Opportunity Cost

Learn more about moneyandinvestments with this collection

The impact of opportunity cost on personal and professional life

Evaluating the benefits and drawbacks of different choices

Understanding the concept of opportunity cost

What Is Opportunity Cost

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Cable or Satellite TV

Cable or Satellite TV

You don’t really need a cable or satellite connection to watch your favorite TV shows.

Cheaper alternatives include streaming, downloads, library discs or network TV.

501

3.87K reads

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Single-Cup Brewing

Single-Cup Brewing

It is more efficient to brew one cup at a time and you can choose from a great variety. However, it can be very costly. The excess packaging also causes environmental problems.

Using regular ground coffee with a reusable filter in your single-cup brewer may be a little more...

527

4.38K reads

Other money-wasters

Consider other money-wasters, for instance, in-app purchases in games, bank and credit card fees, or a lottery ticket.

Take a good look at every single expense in your budget and ask yourself if it is a good use of your money.

622

4.2K reads

Microwave Popcorn

Microwave Popcorn

Popcorn is a great, healthy snack.

Instead of buying popcorn in microwave bags, one can also pop corn at home for much less than the bagged kind.

493

4.05K reads

Dryer Sheets

Dryer Sheets

Dryer sheets are not that expensive but can cause other problems and health risks. Some of the chemicals used to produce a fresh scent are toxic, while others are known allergens. Dryer sheets can also damage certain types of clothes.

Reusable or DIY Dryer Balls can be used ...

508

3.14K reads

Bottled Water

Bottled Water

Bottled water drinkers give 3 main reasons for their choice: 

  • Taste: Many claim their tap water tastes bad, but a simple pitcher filter can probably fix it.
  • Safety: Bottled water is not necessarily safer than public water sources. A high-end filter can remove impu...

574

3.5K reads

CURATED FROM

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lucy_d

Investing and saving is not the same thing.

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