Cost of Saving

Worked examples / Saving money

Go out of your way for a lower price

A $25 lower price at a shop 40 minutes away: $9 of fuel and an hour and a half of the day.

Not worth it

It costs you $6.50 more than it saves.

You save$25the price difference
It costs you$32extras, time and risk
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

You save$25
Extras$9
Your time1.5 hours x $15.00 = $22.50
Risk, on average0% x $0 = $0
Total cost$31.50
Net$25 - $31.50 = -$6.50
Cost per $1 saved$1.26
Break-even value of an hour$10.67

Every formula is written out on the formulas page.

What the calculator asks you

Open the calculator

Related