How do you apply the time value of money concept to make decisions in your personal life?

You know that within the field that I am in right now I use time value of money everyday. When I go to work I make a goal for me to reach each shift on how much tips I want to make that day. It all depends on the type of service that I give to my customer’s. If I do not treat my customer’s like they are number one on my checklist, and make sure that they have everything that they possibly need for their meal I will not make any money. If I do not walk around with a smile on my face this is going to hurt my pocket as well. People do not want to come in and see their server in a bad mood or not smiling. Many people want to see an outgoing person with a great personality, and they want to make sure that their food comes out the way that the customer wants it. If I do not make the goal that I have set out then I have not provided the right service to these customer’s. The weekends are totally different because the goals are set a little higher in order for me to make the budget that I have set out. The way that I use time value of money within this daily agenda through the week my goal is to make $40.00 per shift. On the weekends I set a goal of $60.00 per shift and normally you will go over the goal. We use time value of money in everything that we do in our daily lives to set goals for our children’s education, or buying a new car, buying a house, and anything else that we do. There are many ways to use the time value of money in quantitative reasoning in business by weighing the pros and cons of everything that you do now and in the future. Even when I have my own business I will set much higher goals on the amount of money that I want to earn within that day.