Purpose: An essential principle in consumer rights, issues, and problems is the idea the time valuable. Every minute of you choose to spend exercising is a minute that you could have spent working and earning money. The cost of doing something such as eating doesn’t just involve the price of the food but also the cost of your time. The purpose of this assignment it to provide students with insight into how they are choosing to spend their time and the costs assigned with that decision so what they can make informed choices.
Cost of Time: You are to keep track of all your time and what you spent it on starting from the first day of class. You are asked to analyze your time use and to calculate how much it is costing in you, in direct and indirect costs, to do each activity. You are to do two pie charts. First pie chart should identify how many hours you spent on each activity you did from the first day of class to a week before the project is due. The second pie chart will show how much each activity costs you to do taking into consideration direct and indirect costs. Use .54 per mile as what it costs you to drive your vehicle one mile.
The analysis should be between 3-4 pages in length, 12 point font, Times New Roman, 1 inch spacing margins, and double spaced. It should include an introduction on the purpose of the paper, body discussing the results with the charts, and a conclusion discussing what you learn about yourself by doing this project. You should at least discuss what you learned about how you spend your time and what it is costing you to do the things you do, especially if you are in a relationship or spending time with friends.
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