When making their day to day financial decisions, individuals may make a mistake by ignoring the time value of money (TVM) concepts.

For your initial discussion post, think back and give an example of a mistake you made by ignoring the TVM in making a financial decision. Please be as elaborate as you can with numerical examples.

Alternatively, you could discuss a situation where you should incorporate TVM concepts before making the most appropriate financial decision. Again, be as elaborate as you can with numerical examples.