Making choices when we don't have everything we want can feel a bit like playing Tetris.

You have to think smart and fit the pieces together in the best way. But remember, not every piece will fit perfectly all the time. Here’s how I see it:

1. Understanding Scarcity

• We don’t have endless resources like time, money, and materials. Because of this, we have to decide what matters most to us.

2. Making Choices

• Every time we make a choice, we have to think about our options. For example, if I have $20, I could decide to go to the movies or buy a new game. I need to ask myself: which one will make me happier?

3. Opportunity Cost

• This is a big one! Opportunity cost is what I lose when I pick one option over another. If I go to the movies, I miss the chance to buy that new game. It’s important to think about which option is better for me.

Example:

• Imagine my choices are:
  • Movies: $15 (super fun!)
  • Game: $25 (the one I really want, but it's more expensive)

If I choose the movies, my opportunity cost is missing out on the game and the extra $5 I could have saved for something else!

The main idea is to balance what you want right now with what you might want later. It’s all about making smart choices!