Okay, lets look at it this way: foamies are basically your run-o-the-mill foam ear plugs with a plastic tube rammed through them. I guess there's some glue involved, but from the stock of foamies I'm looking at, you wouldn't think it. Here's how the do-it-yerself approach breaks down:
+ Foam Ear Plugs. . . . . . . $9.99/50
+
Eartip Tubes. . . . . . . . $21.00/50
-----------------------------------
+ SUM . . . . . . . . . . . . . $30.99/50
Thus, if you feel like doing it yourself, you have a foamie-unit cost of about $0.62 and a set-unit cost of about $1.24 (excluding the implicit cost of labor).
As far as pre-mades go,
iDealSound sells foamies for $12.00/14. That sets the foamie-unit cost at about $0.86, and the set-unit cost at about $1.72.
So looking at this with regard to budgetary efficiency, you should make your own foamies, provided that the time you spend in production is worth less to you than $0.24 per foamie; else, it makes more sense to just buy the darn things. Huh... that's really not at all what I had hoped to show.
Sounds like (unless fabrication proves to be trivial) the pre-made price isn't too bad. Dang.
-Angler
List of caveats: (ignore this unless you were planning on complaining)
1. For simplicity, I'm ignoring shipping costs.
2. The value of pre-made and fabricated foamies is held constant. This is a potentially weak assumption in either direction.
3. I'm assuming all foam is the same. In reality, I would guess that some foam probably out-lasts other foam.