EPISODE 114: UNDERSTANDING OPPORTUNITY COST
Welcome to the Monday Money Tip Podcast! Are you a saver or a spender? If you’re a saver, it can sometimes be challenging to actually pull the trigger on purchasing an item, even if you’ve saved for it and have the money. In this episode, we’re breaking down the economic principle called “opportunity cost.” This principle essentially means that when you spend money, you lose the opportunity to utilize that money on something else. In our Current Money Events segment, we’re discussing a global view of financial life during COVID-19. Our success story comes from Sasha, who has experienced the benefits of having and sticking with a budget.
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About the Episode:
In this episode, we’re breaking down the economic principle called “opportunity cost.” This principle essentially means that when you spend money, you lose the opportunity to utilize that money on something else.
In our Current Money Events segment, we’re discussing a global view of financial life during COVID-19.
Our success story comes from Sasha, who has experienced the benefits of having and sticking with a budget.
Episode 03: Making Savings a Priority
Episode 04: The Non-Financial Benefits of Saving Money
Episode 57: Saving For College
Episode 71: The Saving Challenge
Episode 83: Money Saving Tips
Email info@iwbnin.com to ask questions or share success stories.
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