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"Essential Money Saving Tips For Students"
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[QUOTE="Augusta, post: 256465, member: 25283"] Students that live on budget needs to know that they should save as much as they can as the money wouldn't be made available to them by their sponsors all the time. It is good for them to apply not only opportunity cost in their daily financial activities but scale of preference as well. Opportunity cost is the act of letting go of one thing for another important thing. To do your opportunity cost perfectly it is good to draw up a table of preference and list your wants in order of importance. Then after listing them you can now use opportunity cost to pick the one to go for and the ones to let go for the time being. it isn't that you might not need to go for those you are letting go now. But you are just trying to go for the most that will benefit you in the most now. [/QUOTE]
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