4 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?
Here are a few additional points you could consider adding to each column:
TRANSPORTATION:
Effect on Personal Resources:
- Health: Regular vehicle maintenance can improve the lifespan of your car and ensure it operates safely.
- Time: Owning a car can provide convenience and save time compared to relying on public transportation or walking long distances.
- Money: Owning a car comes with additional expenses such as registration fees, parking costs, and potential repairs.
FOOD:
Effect on Personal Resources:
- Health: Choosing nutritious food options can contribute to overall well-being and prevent health issues in the long run.
- Money: Eating out at restaurants or ordering takeout can be more expensive than cooking meals at home.
- Time: Preparing meals at home may require more time for grocery shopping and cooking, but it can also be a fulfilling and rewarding experience.
ENTERTAINMENT/RECREATION:
Effect on Personal Resources:
- Health: Engaging in recreational activities can improve mental and physical well-being.
- Money: Some recreational activities or events may come with ticket costs, equipment rentals, or subscription fees.
- Time: Participating in recreational activities may require time commitment, but it can also provide relaxation and enjoyment.
EDUCATION:
Effect on Personal Resources:
- Money: Pursuing higher education can be a significant financial investment, including tuition fees, books, and materials.
- Health: The stress and demands of studying can have an impact on mental and physical health, but education can also lead to improved job prospects and personal growth.
- Time: Balancing education with work or other responsibilities may require effective time management and sacrifices in other areas of life.
PERSONAL GROOMING:
Effect on Personal Resources:
- Health: Taking care of personal grooming can contribute to self-confidence and a sense of well-being.
- Money: Personal grooming products and services can be costly, depending on the choices made.
- Time: Making time for personal grooming may require prioritizing self-care and fitting it into a busy schedule.
SHELTER:
Effect on Personal Resources:
- Money: Owning or renting a property requires payment of bills, taxes, insurance, and potentially mortgage payments.
- Health: A comfortable and safe living environment can contribute to overall well-being.
- Time: Maintaining a home or apartment often involves cleaning, repairs, and general upkeep, which can take up time and effort.