--- title: Prioritizing Expenses & Opportunity Cost description: Prioritizing Expenses & Opportunity Cost image: https://www.adequateinsuranceagencyllc.com/hubfs/image-png-Jul-25-2022-06-43-19-22-PM.png --- [Skip to content](https://www.adequateinsuranceagencyllc.com/blog/prioritizing-expenses-opportunity-cost#main-content) [![](https://www.adequateinsuranceagencyllc.com/hs-fs/hubfs/adequate%20insurance%20agency%20llc.png?width=1000&height=600&name=adequate%20insurance%20agency%20llc.png)](https://adequateinsuranceagencyllc.com) - [Home](https://www.adequateinsuranceagencyllc.com/) - [Contact](https://www.adequateinsuranceagencyllc.com/contact) - [About](https://www.adequateinsuranceagencyllc.com/about) - [Products](https://www.adequateinsuranceagencyllc.com/products) - [More on-line Quoting](https://www.adequateinsuranceagencyllc.com/more-products-and-on-line-quoting) Open main navigation Close main navigation - [Home](https://www.adequateinsuranceagencyllc.com/) - [Contact](https://www.adequateinsuranceagencyllc.com/contact) - [About](https://www.adequateinsuranceagencyllc.com/about) - [Products](https://www.adequateinsuranceagencyllc.com/products) - [More on-line Quoting](https://www.adequateinsuranceagencyllc.com/more-products-and-on-line-quoting) - [Medicare Advantage](https://www.adequateinsuranceagencyllc.com/medicare-learning-center) [Medicare Advantage](https://www.adequateinsuranceagencyllc.com/medicare-learning-center) Jul 25, 2022 2:51:43 PM # Prioritizing Expenses & Opportunity Cost ![Picture of National financial educational council.](https://www.adequateinsuranceagencyllc.com/hs-fs/hubfs/cfei%20(a).png?width=50&name=cfei%20(a).png) [National financial educational council.](https://www.adequateinsuranceagencyllc.com/blog/author/national-financial-educational-council) Share: [facebook-f icon](http://www.facebook.com/share.php?u=https://www.adequateinsuranceagencyllc.com/blog/prioritizing-expenses-opportunity-cost) [linkedin-in icon](http://www.linkedin.com/shareArticle?mini=true&url=https://www.adequateinsuranceagencyllc.com/blog/prioritizing-expenses-opportunity-cost) [Twitter icon](https://twitter.com/intent/tweet?url=https://www.adequateinsuranceagencyllc.com/blog/prioritizing-expenses-opportunity-cost) [pinterest-p icon](http://pinterest.com/pin/create/link/?url=https://www.adequateinsuranceagencyllc.com/blog/prioritizing-expenses-opportunity-cost) [envelope icon](mailto:?body=https://www.adequateinsuranceagencyllc.com/blog/prioritizing-expenses-opportunity-cost)     Distinguishing between your “needs” and your “wants” has value for making wise financial decisions. This topic leads you to begin evaluating every purchase based on whether you honestly need it. Examples of needs and the powerful influences on us to purchase our wants are presented. The topic also defines the concept of opportunity cost and illustrates how it factors into our financial decisions. [![Prioritizing Expenses & Opportunity Cost](https://www.adequateinsuranceagencyllc.com/hubfs/image-png-Jul-25-2022-06-43-19-22-PM.png)](https://personalandbusinessadvocate-21530812.hubspotpagebuilder.com/financial-education-and-awareness-initiative) [Savings, Expenses & Budgeting](https://www.adequateinsuranceagencyllc.com/blog/tag/savings-expenses-budgeting) ## Related posts [NFEC](https://www.adequateinsuranceagencyllc.com/blog/tag/nfec) ## [Financial education and awareness initiative.](https://www.adequateinsuranceagencyllc.com/blog/financial-education-and-awareness-initiative) ![Picture of National financial educational council.](https://www.adequateinsuranceagencyllc.com/hs-fs/hubfs/cfei%20(a).png?width=50&name=cfei%20(a).png) [National financial educational council.](https://www.adequateinsuranceagencyllc.com/blog/author/national-financial-educational-council) May 18, 2022 5:21:38 PM Today’s citizens face a challenging economic future. Yet the sad truth is that the average family... [Read more](https://www.adequateinsuranceagencyllc.com/blog/financial-education-and-awareness-initiative) [![Survey of needs](https://www.adequateinsuranceagencyllc.com/hs-fs/hubfs/image-png.png?height=200&name=image-png.png)](https://www.adequateinsuranceagencyllc.com/blog/financial-psychology) [Financial Psychology](https://www.adequateinsuranceagencyllc.com/blog/tag/financial-psychology) ## [Financial Psychology](https://www.adequateinsuranceagencyllc.com/blog/financial-psychology) ![Picture of National financial educational council.](https://www.adequateinsuranceagencyllc.com/hs-fs/hubfs/cfei%20(a).png?width=50&name=cfei%20(a).png) [National financial educational council.](https://www.adequateinsuranceagencyllc.com/blog/author/national-financial-educational-council) Jun 29, 2022 3:57:30 PM [Read more](https://www.adequateinsuranceagencyllc.com/blog/financial-psychology) [![Savings, Expenses & Budgeting](https://www.adequateinsuranceagencyllc.com/hs-fs/hubfs/image-png-Jul-20-2022-06-34-49-47-PM.png?height=200&name=image-png-Jul-20-2022-06-34-49-47-PM.png)](https://www.adequateinsuranceagencyllc.com/blog/savings-expenses-budgeting) [Savings, Expenses & Budgeting](https://www.adequateinsuranceagencyllc.com/blog/tag/savings-expenses-budgeting) ## [Savings, Expenses & Budgeting](https://www.adequateinsuranceagencyllc.com/blog/savings-expenses-budgeting) ![Picture of National financial educational council.](https://www.adequateinsuranceagencyllc.com/hs-fs/hubfs/cfei%20(a).png?width=50&name=cfei%20(a).png) [National financial educational council.](https://www.adequateinsuranceagencyllc.com/blog/author/national-financial-educational-council) Jul 20, 2022 3:20:42 PM [Read more](https://www.adequateinsuranceagencyllc.com/blog/savings-expenses-budgeting) [![](https://www.adequateinsuranceagencyllc.com/hs-fs/hubfs/adequate%20insurance%20agency%20llc.png?width=1000&height=600&name=adequate%20insurance%20agency%20llc.png)](https://www.adequateinsuranceagencyllc.com) 1601 12th St. Ste 6 Columbus, Ga. 31906 --- [facebook-f icon](https://www.facebook.com/personalandbusinessadvocate) [linkedin-in icon](https://www.linkedin.com/in/m-c-phillips-cfei-b2b10b21/) [Twitter icon](https://twitter.com/MCPhill55055481) [instagram icon](https://www.instagram.com/m.c.phillips4/) Copyright © 2026, Adequate Insurance Agency LLC ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "National financial educational council.", "url" : "https://www.adequateinsuranceagencyllc.com/blog/author/national-financial-educational-council" }, "dateModified" : "2022-07-25T18:51:43.952Z", "datePublished" : "2022-07-25T18:51:43.000Z", "headline" : "Prioritizing Expenses & Opportunity Cost", "image" : [ "https://www.adequateinsuranceagencyllc.com/hubfs/image-png-Jul-25-2022-06-43-19-22-PM.png" ], "mainEntityOfPage" : { "@id" : "https://www.adequateinsuranceagencyllc.com/blog/prioritizing-expenses-opportunity-cost", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://www.adequateinsuranceagencyllc.com/hubfs/adequate%20insurance%20agency%20llc.png" }, "name" : "Adequate Insurance Agency LLC" } } ```