I have heard that thermal cycling is bad for a computer. As a result, in the day to day, I leave it on, and since it is jut sitting idle, it is not using mych power. Sure, it would be better to turn it off, but I suppose its a balance, and a habit.
I always turn off my monitor when moving away from my computer too... I guess its because monitors have a fairly well defined degradation pattern (like TVs, etc), so replacement is nigh from as soon as it comes out of the box (though replacement might not be 5 or more years).
I suppose of at night, on in the morning would be an OK approach... but then again, you go to work for 8+ hours in the day... do you turn it on in the AM, off before work, on when you return, off before bed?
Im always on my computer... email, work, BITOG, purchasing stuff, researching stuff, etc. I am not generally one to atach a dollar value to routine tasks, but the extra 3 minutes to start the computer 2-3x per day is an extra 3 minutes I could be doing something else...
GOod question, Im curious to see what a lot of folks do!
JMH