I want to introduce a topic I’ve been hiding for a few years. As a heads up, this is a theory heavy intro. Feedback, thoughts, and ideas are all appreciated.
I take moments out of my day to think about the math behind this concept.
What if you took an activity and:
We have a very, very, basic, Minutes of Fun/Dollar output.
Minutes spent doing the activity divided by the After Tax Cost of doing the activity.
After collecting 150+ pieces of data from friends, I’ve had the following inputs for division by 0. Infinity Fun Per Dollar. Or, free activities.
Some very high ranking sources of Minutes of Fun/Dollar that do cost money
The difference between activities gets drastic, renting Kayaks netted only 1.8 Minutes of Fun Per Dollar. Go Karting, 0.5. Kayaks are a 3x better value.
Warning: The data I have collected is inconsistent when it comes to including gas prices, cost of internet, and initial purchases. My expectation for data is ‘Airbag Safety’ high. This is as valid as something you’d see in non-engineering fields. Data was collected over a few years, from over a hundred people.
Adding three more variables, each person could find out based on their preferences what their best value is:
As a note, any self assigned values can go beyond 10 to add emphasis. For consistency, all of my collected data has used the range 1-10. The data displayed here uses Priority Fun/Priority Money = 1.
There are multiple entries from multiple people, remember this is all subjective.
Bagel club is a weekly membership that requires you to buy bagels once every few months.
Assuming each person eats 1 bagel + cream cheese, each person pays close to 2$ a week to be in bagel club. Given having a bagel is a 9.5/10 fun for the 3 minutes in takes me to eat a bagel, how much Fun Per Dollar is that?
3 minutes /$2 = 1.5 minutes of fun per dollar spent.
But it was a 10/10 fun. 10* 1.5 Minutes of Fun= 15 “Kirks”(PLEASE tell me a better name!)
So is bagel club worth it?
Well consider dropping 30 dollars at a bar over 2 hours. Bars being a 7/10 fun for me, would score:
120 minutes * 7 Fun / 30 Dollars = 28 Kirks
It seems it would be better value to skip bagel club, and head to the Bar. But hey, I love the occasional bagel.
If you would like to collect data for Fun Per Dollar email us for details.
Writing this article has provoked all sorts of new ideas about Fun Per Dollar.