How Do I Make a Decision?
Learn about PACED decision-making
Welcome to the new Federal Reserve Education website. Register an account and start saving favorite resources!
Back to All
New!
Reading Q&A
16-30 min
Money & Missed Opportunities
OVERVIEW
In this reading assignment, learn about the risks of ignoring unseen costs. There are so many alternatives for when and how to spend our money, and each decision has “opportunity costs.” Considering all these costs can complicate our spending decisions, but can also make them better. Print the article.
Related Resources
INFOGRAPHICS & COMICS
LESSONS & ACTIVITIES
1 HOUR+
Evaluating Investment Options (Lesson 8B)
Students use the PACED decisionmaking model to investigate the trade-offs involved in choosing an investment.
MODULES
16-30 MIN
The Art of Decisionmaking
Learn how to make informed decisions.
LESSONS & ACTIVITIES
31-45 MIN
Evaluating the Benefits and Costs of Credit (Lesson 9B)
Evaluate the benefits and costs of different types of credit.
LESSONS & ACTIVITIES
1 HOUR+
PACED Pretzels
Learn about and apply the five-step PACED decision-making process.
INFOGRAPHICS & COMICS
Infographic Posters
Infographics for your classroom
More in This Series
READING Q&A
16-30 MIN
A Dollar's Worth: Inflation Is Real
Learn more about inflation, how it’s measured, and how the inflation rate is calculated.
READING Q&A
16-30 MIN
Advertising: Dollars and Decisions
Review advertising history and strategies ads use to create demand.
READING Q&A
16-30 MIN
Banking Basics
Describe the differences between banks, online banks, and credit unions.
READING Q&A
16-30 MIN
Bitcoin: Money or Financial Investment
Discover the differences of how people view Bitcoin.
READING Q&A
16-30 MIN
Does International Trade Create Winners and Losers?
Provide an overview of the basics of trade.
READING Q&A
16-30 MIN
Get an Education, Even if it Means Borrowing
Learn about the benefits and costs of student loans.
READING Q&A
16-30 MIN
Is College Still Worth the High Price?
Declining college enrollment raises doubts about its value for high school graduates.
READING Q&A
16-30 MIN
Peer-to-Peer (P2P) Payment Services
Learn about the risks of ignoring unseen costs.
READING Q&A
16-30 MIN
Retirement Account Basics
Explore the most common retirement savings plans.
READING Q&A
16-30 MIN
Stock Market Strategies: Are You an Active or Passive Investor
Explain the efficient market hypothesis.
