noun phrase · neutral
value for money
UK/ˌvæljuː fɔː ˈmʌni/US/ˌvæljuː fɔr ˈmʌni/VAL·ue·for·MON·ey
the quality or usefulness you get for the amount of money you pay
Examples
“For students, finding accommodation that offers value for money is essential.”
“Although the phone was cheap, it didn't provide good value for money.”
“Consumers often read reviews to judge whether a product offers value for money.”
Band 8 sentence
“When recommending products to consumers, reviewers should assess not only price but also longevity and usability to judge true value for money.”
Collocations
- offer value for money
- excellent value for money
- represent good value for money
Word family
Common mistakes
This phone is value of money.→This phone is value for money.
It is cheap so it has value for money.→It is cheap but it does not offer value for money.
Say it for a higher band
5cheap→6good value→7+value for money
Synonyms
good value
worth the price
Easily confused
good value
“The new kettle is good value, but customer reviews show mixed opinions about its durability.”
Related words
Learn this word with the rest of its set, and get reminded at the right time.
In Shopping & Money
Learn it with its set