The time value of money (TVM) is an important concept to investors because a dollar on hand today is worth more than a dollar promised in the future. The dollar on hand today can be used to invest and earn interest or capital gains.

All time value of money problems involve two fundamental techniques: compounding and discounting. Compounding and discounting is a process used to compare dollars in our pocket today versus dollars we have to wait to receive at some time in the future.

Value, as we know, is the ratio of exchange between two goods, and money measures that value through price. The value of money, then, is the quantity of goods in general that will be exchanged for one unit of money. The value of money is its purchasing power, i.e., the quantity of goods and services it can purchase.

Money is an essential commodity that helps you run your life. Exchanging goods for goods is an older practice and without any money, you cannot buy anything you wish. Money has gained its value because people are trying to save wealth for their future needs.

Firstly, having too much money can lead to a deterioration of values. Becoming rich can make a person proud and arrogant. Putting too much value on material things makes a person shallow and uninteresting. They think highly of themselves and look down on others who struggle to make ends meet.

Best value for money is defined as the most advantageous combination of cost, quality and sustainability to meet customer requirements. In this context: cost means consideration of the whole life cost. quality means meeting a specification which is fit for purpose and sufficient to meet the customer’s requirements.

Delivering value for money – the role of data analysis in evidencing and identifying efficiencies.

1. Identify opportunities to achieve efficiencies.
2. Identify what good looks like.
3. Evidence and inform cost and quality trade-offs.
4. Measure impact and track pace of change.

To work out which bottle is best value for money you have to work out how much each bottle costs per pint. To do this divide the cost of each bottle by the number of pints it contains. e.g 1.18/4=0.295 1.74/6=0.290 Whichever bottle has the lowest cost per pint is the best value for money.

The boxes are different sizes and different prices so you calculate the cost of 1 gram of each type of powder to find the best buy. Brand A: 267 ÷ 1200 = 0.2225 pence per gram. Brand B: 291 ÷ 1300 = 0.2238 pence per gram. Brand A is the cheapest (per gram) so that is the best buy.

Value for money in public procurement is achieved through pursuing the lowest whole of life cost, clearly defining relevant benefits and delivering on time. Value for Money refers to a judicious, economic and efficient use of state resources at a reasonable cost.

Money is not inherently bad. In fact, great good can be done with money when it is used properly. Good people are often empowered to do even more good when they have money.

The current monetary system results in a wide array of negative social, environmental and economic consequences: high house prices, high public and private debts, inequality, the environment, and democracy, periodic booms & busts, and occasionally financial crises, depressions and even debt deflations, as well as …

There are only three things that you can do with money:

1. SPEND IT. Buy whatever you want and lavish yourself.
2. SAVE IT. There is a reason ‘banks’ are working around.
3. GIVE IT. Donate it or invest it in some charity or fund raise for cancer children.