Cost of Saving

Worked examples / Buying something

Formal wear

A $400 tuxedo worn once a year for three years, when renting is $150.

Worth it

It costs you $133.33 a use. The other way is $150.00.

Buying costs$400in all
Paying each time$4503 x $150.00
Put in your own numbers

This is a worked example with illustrative figures, not data about any real person or company. Change any of them in the calculator and the answer changes with them.

How this answer was worked out

Net cost$400 - $0 = $400
Total uses1 x 3 = 3
Cost per use$400 / 3 = $133.33
Uses to break even2.67
Paying each time$450

Every formula is written out on the formulas page.

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