So it is a beautiful day in my hometown. I am at work thinking, “Boy! I can’t wait to get outside and spend some money!”
Well, not really.
However, all of the wonderful activities I want to do today with my kiddies involve some exchange of cash. Possibly lots of exchange of cash. Or giving up of cash would be a more accurate assessment.
Some of the ideas I’ve narrowed down are:
– Getting frozen yogurt
– Eating out for dinner
– Going to an outdoor movie
– Going grocery shopping (not so much a want, but a need!)
As the dollar signs started to amass, I had to reel myself back in and do a quick mental costs benefit analysis.
A cost benefit analysis is simply a method to carefully analyze and decide on a course of action, after weighing all of the costs and benefits associated with the decision.
After a mental brainstorming session, my cost benefit analysis looked like this:
Note: Although I love hanging with my kiddoes, I also work full time and study part time. Therefore I, like a majority of the population, am habitually exhausted! So these scenarios bring me about 75% happiness … the other %25 represents the cost of me being tired but still engaging in these activities. In other words, I am not technically totally “happy,” I am 75% happy because I am 25% exhausted. Makes sense, right?
It is always best to write this down, as write out your ideas and action with every other aspect of your life as feasibly possible. You’ve heard over and over again how putting ink (or pencil) to paper makes us more likely to achieve our goals.
I am willing to risk being too tired to not finish my chores after the kids have gone to bed tonight, to hit snooze on the alarm clock when it goes off at 4:45 a.m. on Saturday, etc.
This cost benefits analysis is specific to today. See, I am willing to risk it all because (1) you’re kids grow up faster than you can mentally process and (2) we are coming off a very cold winter. We ALL could use an afternoon in the sun!
I’ve decided on the last option, particularly because I like taking my children grocery shopping. It is a good habit to have children follow along at the grocery store, farmer’s market, etc. so they can begin understand the dynamic of preparing meals. Plus, this option will yield us meals for days, and not just today. Next (while the groceries are chillin’ in a cooler in my trunk), we will be swinging by a new park. After that we will whip up a quick dinner and finally get our frozen yogurt, because that is one benefit that is worth every bit of its cost!
Have a great weekend!
Sharing some quick tips for purchasing items on a credit card….
First things first –
You should only use your credit card in two instances: Continue reading “C’mon – Give Me Some Credit!”
Happy Finance Friday Everyone!
For those folks who are paid bi weekly – did you know there are three months in the year where you are paid THREE times in one month? Continue reading “Check, please!”