Question Description
The Impact of Daily Decisions
In this activity, you will evaluate the opportunity cost of your daily spending choices. Opportunity cost: Refers to the financial opportunity that is given up because you choose to do something else with your money.
- Download the Impact of Daily Decisions .doc
or .rtf. - For Part One, fill in the missing blanks in the chart by computing the daily and monthly cost of each item listed (use 30 days in a month).
- Add two of your frequent expenses to the bottom of the chart and compute the daily and monthly cost for those as well.
- Utilize the formula for compound interest or the Investing Calculator at foundationsU to figure out the future value of your expenses if you invested that money for 30 years.
- For Part Two, answer the questions at the bottom of the document in complete sentences.
Rubric
| Excellent | Good | Needs Improvement | Poor | |
|---|---|---|---|---|
| Content |
35–40 points
|
29–34 points
|
20–28 points
|
0–19 points
|
| Quality | 35–40 points Impact of Daily Decisions document Parts One and Two are complete and on topic. Responses are thoughtfully prepared, provide insight, and completely apply the principles discussed in the lesson. |
29–34 points Impact of Daily Decisions document Parts One and Two are mostly complete and on topic. Responses are somewhat thoughtfully prepared, provide some insight, and mostly apply the principles discussed in the lesson. |
20–28 points Impact of Daily Decisions document Parts One and Two are somewhatcomplete and/or strays from the topic. Responses lack appropriate amount of thought, have limited insight, and somewhat apply the principles discussed in the lesson. |
0–19 points Impact of Daily Decisions document Parts One and Two are incompleteand/or strays from the topic. Responses lack thought, have limited insight, and inadequately apply the principles discussed in the lesson. |
| 21st century presentation skills | 17–20 points The work is wellorganized, easy to read and comprehend. It has few spelling or grammar errors. |
14–16 points The work is mostlyorganized, easy to read and comprehend. It has few spelling or grammar errors. |
10–13 points The work is somewhatorganized, easy to read and comprehend. It has somespelling or grammar errors. |
0–9 points The work lacksorganization, ease of reading and comprehension. It has many spelling or grammar errors. |
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