ePF eC5

1. {
How do I Choose?
Using PACED to make a decision!

2. Everyday we are faced with decisions,
how do we make the right choice?

3. PACED is a tool to help
you make choices!
THE MORE
THOUGHT YOU
GIVE TO
MAKING A
CHOICE, THE
MORE
SATISFIED YOU
WILL BE!

4. Problem- what do I need to solve
Alternatives-what are the choices
Criteria- what’s important to me
Evaluate-which alternative is the best
Decide- make a decision
PACED

5. An opportunity cost is the next
best alternative that is given up
when a choice is made.
OPPORTUNITY COST

6. Alternatives CRITERIA
Affordable
CRITERIA
Good Gas
Mileage
CRITERIA
Ability to
Haul things
CRITERIA
Cost to
Insure
affordable
Honda
Accord
X X X X
Honda Civic X X X
Honda Pilot X X
SAMPLE
PROBLEM: I need a new car!

7. When looking at the chart my best choice would be
the ACCORD because it has the most positives.
The CIVIC is my opportunity cost, because it is the
next best choice. I’m willing to give that up because
the Accord meets all my criteria.
MY CHOICE

8. NOW IT’S YOUR TURN
Go to the next assignment and practice
using PACED