In the long run, yes, because I buy the big cans (16, 20, or more ounces, can't remember), make a whole lot of it, then freeze it with ice cube trays to store in ziploc bags. It lasts quite a while that way, and over time, buying $12 of tomato products which lasts a month costs less for me than a bunch of $3 bottles of sauce which are good for 1 or 2 dinners.
Besides, I love to cook, and feel that it would be worth an extra $1-$2/month to be able to make something myself, if that was the case. There are limits/exceptions to this (applesauce for example), but normally, something you cook yourself will be cheaper. If store-bought actually would be cheaper, in most cases I find more value in cooking it myself anyway, because it's fun, fewer preservatives, and I get to be proud of my own cooking.
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