It refers to something (a product/service) that is well worth the money you pay for it. Examples: 1. The 4-course dinner at that fancy restaurant was only $19, it was such value for money. 2. The holiday I took was great value for money, because I got a 50% discount. 3. That big TV is only value for money if you wait till the store is having a promotion. Hope you find this useful, cheers!