My husband and I often measure our smaller financial choices against the cost of a week’s worth of groceries. It’s an easy metric, and one we deal with weekly. With 5 kids, we go through a lot of food each week!
For us, a week’s worth of groceries runs around $60 for produce, milk, and eggs with additional $20 to $40 for other items. Generally, a week’s worth = $80 to $100. I’m not adding in the $40 we set aside weekly for Costco.
Usually we apply this measurement to eating out, something so essentially disposable. Is it worth buying pizza for $40 at the local pizza joint for our family of 7? That $40 could buy 5 gallons of milk, apples, oranges, a pint of heavy cream, 2 dozen eggs, and salad makings for the week. Add in the cost of gas to pick up the pizza, and we could buy a bag of potatoes or sweet potatoes.
Do you have a way of measuring the cost of financial choices?