I posted this 2 times already, and this is my third time posting.
For each of examples identify financial decision you have made or might have to make in the future. In the last column, tell what effect this decision may have on ur personal resources. (Personal resources include things such as money, time and health.)
TRANSPORTATION:
Financial decision - buy fuel, tire changes, oil changes
Effect on Personal Resources -
Health - Cause pollution
Time - Takes you shorter time to reach to your destination then having to walk there.
Money - Insurance for car
tolls
General revenue
FOOD:
Financial Decision - Groceries
Use of Credit Cards,
Restaurant
Effect on Personal Resources -
Health - provide you with nutrition
-Large supply of vitamins
Money - Taxes to cover
Time - Spent shopping
ENTERTAINMENT/RECREATION
Financial Decision - Paying for ticket
Renting movies
Services to handle
Effect on Personal Resources -
Health - short term pleasure
Late night entertainment result in loss of sleep
Money - Cost to the ticket and popcorn
Time - Wasted
EDUCATION
Financial Decision - Go to school
University
Internet(Online courses)
Books
Library
Electronic devices such as electronic dictionary,
calculator, etc.
Effect on Personal Resources -
Money -Pay fees for school supplies, etc.
Cost for degree programs
health-Stress
Tiredness
Feel very weary
Degrees
Time - Most of spent with friends, not family
PERSONAL GROOMING
Financial Decision -
Parlour
Nail manicure
Hairstyle-Barber
Products = Facial cleansers, cream, etc.
Effect on Personal Resources -
Health - Makes you feel good about yourself (Feel like you belong)
Money - There's a cost to it, pretty expensive
Time - Don't have enough time to spare to do other things.
SHELTER
Financial Decision -
Real Estate
Furniture
Clean facility
Effect on Personal Resources -
Money - Bills
Taxes
Insurances
Mortgages
Renovation
Health -No poverty
-Good care
Time - Most of it spended inside, not outdoors. Most of it spent on cleaning furniture, etc, doing house chores.
Anything else I could add in each of the columns?
I haven't responded because I don't know effect this decision may have on YOUR personal resources. In addition, your Transportation category is unclear. You apparently mean a car -- but you didn't mention that word.
Think of other forms of transportation as well. Airplanes, trains, etc.
Shelter: renting vs. buying
Just a few things off the top of my head
It seems like you have covered most of the important factors in each category. However, here are a few additional considerations you could add to each column:
TRANSPORTATION:
- Effect on Personal Resources: Potential accidents or damages that may result in medical expenses and time spent on repairs.
FOOD:
- Effect on Personal Resources: Potential impact on weight, digestion, and overall health due to the type and quality of food consumed.
ENTERTAINMENT/RECREATION:
- Effect on Personal Resources: Potential addiction to certain forms of entertainment or recreational activities, leading to excessive spending of money and time.
EDUCATION:
- Effect on Personal Resources: Potential opportunity costs, such as the loss of income or time that could have been spent on other endeavors while pursuing education.
PERSONAL GROOMING:
- Effect on Personal Resources: Potential negative impact on self-esteem or body image due to societal pressures or unrealistic beauty standards, leading to increased stress and dissatisfaction.
SHELTER:
- Effect on Personal Resources: Potential maintenance and repair costs for the property, which may require spending money and time.
Remember, these are just additional considerations that you can include based on your personal circumstances and priorities in each category.