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To Prioritize Money or Time? The P-Mot Exercise (Student)
Working professionals are often in the predicament of needing to make a choice between activities that will grant them more money or more time. Indeed, in large-scale representative panels of working adults, most respondents report feeling pressed for both time and money. Yet, we often are forced to make trade-offs between these valuable resources. Whether deciding to dine out vs. cook at home; to live in an expensive residence close to one's workplace vs. a cheaper abode with a longer commute; or to pursue a high-income job with long work hours vs. a humble salary with no overtime, trade-offs between money and time are prevalent in all of our major and daily decisions.