ValueofMyDollar-1.doc - 14.6 More Value for Your Dollar NAME Following are examples of common USA consumer purchases and services Indicate whether they

ValueofMyDollar-1.doc - 14.6 More Value for Your Dollar...

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14.6 More Value for Your Dollar NAME _______________________________________ Following are examples of common USA consumer purchases and services. Indicate whether they are Needs verses Wants, Durable verses Consumable Goods. Calculate and evaluate the cost per use and total cost of ownership for the items applicable to you and make a note of the value of this product or service to you. **Answer the reflective questions at the end. Product of Service Identify Need (N) Verses Want (W) Identify Durable (D) Verses Consumable Goods Annual Cost of Product or Service Number of times used in one year (365 days a year and 52 weeks a year) Cost Per Use = Annual Cost / # times used in a Year What is the value of this product or service to you? (if you do not use, enter NA) Cell phone $50 month N C $600 52 TIMES A YEAR $ __600___ VERY SEFUL Designer Jeans or Boots W D $150 8 WEEKS $ __200___ NOT USEFUL House Electricity, Gas, and Water at $250 per month N C $3,000 52 WEEKS $ ___3000__ VERY USEFUL Prom Tux, Dress, Shoes, Dinner, ticket W D $400 4 TIMES A YEAR $ _1000____ USEFUL Cable TV $130 month W C $1,560 33 WEEKS A YEAR $ ____1560_ N/A
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