Cost of Saving

Worked examples / Buying something

Is this TV worth it?

A $700 television kept six years, sold for $80 at the end, worth about $15 a month to the household.

Worth it

The 55-inch TV costs you $8.61 a month. You said having it is worth $15.00.

It costs you$620$700 less $80 back
It is worth to you$1,0806 years x $15.00 a month
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$700 - $80 = $620
Cost per month$620 / (6 x 12) = $8.61
Cost per use$620 / (10 x 52 x 6) = $0.20
Worth in all$15.00 x 12 x 6 = $1,080
Net$460
Years to pay for itself3.44
Gone on day one$700 - $150 = $550

Every formula is written out on the formulas page.

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