One Thing You Must Consider Before Cutting Costs

  1. Cutting costs is one way to boost savings. But cutting costs does not mean one should cut ones nose to spite ones face.

 In other words,  before you decide to cut costs, determine the potential opportunity cost, that is what you stand to lose if you cut the cost and save some the money. If the opportunity cost is not too high- if you can live with the opportunity lost,  then you can cut the cost.

As the Yorubas would say,  sheni nice day-have a nice day.

By OzoIgboNdu1 of Igbo Defender

I am an Igbo prince. Onye Igbo ka m bu!

Drop your comment (You don't need to be a registered user to comment. Note: you might earn cashable points if you comment as a registered user.)

This site uses Akismet to reduce spam. Learn how your comment data is processed.