Is it value for your money when you go grocery shopping, for instance. Or do you just go grocery shopping, buy what you need and head home? It depends on what kind of product it is right? Is it a necessity product like rice or oil or is it a luxury good. Some necessity products are getting more expensive lately, like rice. We still buy it because we need it. We actually don’t think about the value of our money. Or we might, buying a cheaper brand of rice, because the brand you use to buy had a raise in price and we are not willing or cannot afford to pay for it anymore.
The other day I went grocery shopping. When I walked towards my car I saw trays of beautiful pansies in a pot for € 9.99, € 9.99 is about $ 9.25. There were about 4 pots of pansies in the pot. In my eyes this was just ridiculous! Too expensive! For that amount of money I could buy a tray (12 pots) of pansies and 2 or 3 pots of my own choice at the dollar store and even some soil! That is what I call value for my money.
You are right, that is value for my money through my eyes. I did not take into account how much time it would take to buy all the products, my labor cost if I would make the pots of pansies myself. But still I didn’t buy it, for that amount of money I could have 2 or 3 pots of pansies of my own choice. What more fun is there to create something yourself?
The lesson learned is that value for money is in the eyes of the beholder.
Am I a cheapskate?
Well, I don’t think so, I want maximum value for my hard earned money. I want 2 or 3 pots!