Organizing+Your+Personal+Financial+Records

Management__//**
 * //__Opportunity Costs and Money

Every time you make a decision, you're choosing one third and rejecting another. This is true no matter how major or minor the decision may be. Perhaps you decide to go to the movies instead of reading a book for your English homework assignment. On a Saturday afternoon, you may choose to play ball with neighbor's dog rather than watch a movie or surf the Internet. Every decision you make represents a trade-off, or opportunity cost. Trade-offs are especially common when it comes to making decisions about money management. You may have had to make a few of these financial trade-offs yourself:
 * Should you spend your whole paycheck on clothes, or should you should put someof it in the bank so that it will earn interest?
 * Is it a good idea to shop around and see if another store has this CD player at a lower price, or is that a waste of your time?

So trade-offs are things that you can wait for or sometimes you already have and need time to buy, or sell. Most of the time they are very easy to come to resolutions and answers to thses promblems.