Seymour explains how changes and adjustments within a financial plan results in an opportunity cost. Later, Sloane interviews the sleep deprived, Howard Snooze. Howard was trying to save his income for a computer, but felt deprived of his friends and their activities. So, he asked for more hours at work so that he could earn more income, but now he has time only for work and school.
Learning Objective: Students will determine the opportunity cost of decisions related to a personal finance plan or budget.
Glossary:
Benefit, Budget, Choice, Consumer, Cost, Opportunity Cost, Saving, Spending
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