cleaning lady once a week
Another important aspect to consider is your time spent on cleaning, and the concept of opportunity price clarifies it well. Chance cost merely refers to the value of something else you want your time. Let's state you want to go out to supper tonight. You have three options:
1. Head out to eat at a dining establishment where you pay 30 extra pounds per person.
2. Prepare your favored dish in your home and also welcome your close friends over.
3. Spend the evening viewing TV.
If you choose choice number 2, you realize that you might invest a similar amount of money dining in restaurants, but you would be doing something else. You conserve some money and enjoy a nice night in. Currently, if you selected option 3, you 'd lose out on the fun of food preparation for your close friends and also losing out on the social experience of eating in restaurants.
Currently, let's turn this about. Allow's claim you do not have enough hours in the day to achieve everything you wish to do. What does that imply? Well, it implies that there are points you have to focus on. And, if you don't understand how to establish what is necessary to you as well as what isn't, you might wind up squandering your priceless time on things that aren't truly that important.