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An iPhone Money App That I Would Buy
I don’t have an iPhone (I don’t even have a cell phone, but that’s a whole other story), but if I did, I would definitely buy the Opportunity Cost of Money iPhone app. This iPhone app makes the cost of your purchases concrete.
Basically, it’s an iPhone app where you list all of the things [...]
Understanding Opportunity Cost
Many times, when I help someone with their finances, I discover that their biggest obstacle is that they don’t understand opportunity cost and the impact it has on personal finance. In order to take advantage of an opportunity, something else must always be given up. Opportunity cost is basically what you lose by choosing one [...]
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