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Humber College *

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255

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Finance

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Nov 24, 2024

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Uploaded by joyal6200

@ PERSONAL FINANCIAL PLANNING EQ * How can opportunity costs be evaluated differently by different people? * How can a need for one person may be a want for another? » What factors might play a part in the revision of your financial plan as you get older? * Interpret the phrase “spend money to make money” and explain how it relates to personal finance.

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Give one example on an opportunity cost that impacted you personally. What was the opportunity cost? What was the impact of the choice you made? and How does the concept of opportunity cost impact your future personal finance decisions?
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