Each of your spending and savings decisions should be considered in light of:

Question

Quizplus · Accepted Answer

Each spending and savings decision involves an opportunity cost, which is the cost of passing up the next best alternative. Therefore, it is important to consider both opportunity cost and goals when making financial decisions. While debt and cash flow are important considerations, they are more specific factors that may not apply to every decision.

Each of Your Spending and Savings Decisions Should Be Considered