CashVille Kidz Episode 15: Opportunity Costs

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In this episode, students are exposed to something that they are confronted with every single day. Making choices. Making good choices can be tough sometimes especially when it is two very appealing choices. I can go to my friend's sleepover birthday party or attend the premiere to the new Harry Potter movie with my family. Which should I chose?

Because of scarcity, any time a choice is made there are alternatives that are not chosen. More precisely, there is always the next best alternative that is not chosen. It is important that you recognize and evaluate opportunity costs when making decisions.

Make good choices for your future!