We all know small spending habits add up, but they might add up more than you think. It’s easy enough to come up with a monthly calculation of how much we spend on a pack of cigarettes or a cup of ...

When it comes to common financial principles used by investors and professionals, the term “opportunity cost” is used often. Opportunity cost is the value of the alternative option you’ve given up ...

The how and why behind CAP’s child care cost calculator, which helps determine the financial cost of choosing between full-time work and full-time care. The child care affordability crisis in the ...

Businesses need to minimize the risk of failure and maximize the chances of success, which is why managers need facts and numbers to work with when developing business strategies and choosing options.

You know your time is valuable, but how much is it really worth? As you fume about a delayed plane, a late doctor, a long line, is it possible to quantify—to put a concrete number on—the time being ...

Costing is often a very confusing and frustrating topic with its standard costs, variable costs, fixed costs, marginal costs, budgeted costs, actual costs, relevant costs, etc. Why compound the ...

Quartz’s Ritchie King did some excellent reporting this morning, producing the infographic of the day: “The line for new iPhones vs the line for cronuts, opens new tab”. The line for new iPhones is ...

An opportunity cost is a benefit that an individual or business forgoes because they made one decision instead of another. In other words, opportunity cost could be described with the acronym COMO: ...

Simply stated, an opportunity cost is the cost of a missed opportunity. It is the opposite of the benefit that would have been gained had an action, not taken, been taken—the missed opportunity. This ...

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