Jaime,
I honestly find the character meals to be a great value because of the one on one character interaction that you won't find anywhere else! Each character will individually visit your table in an unrushed manner to visit with you, pose for pictures, give hugs, and sign autographs.
To me, the convenience is key, because I won't feel pressed to wait in line to meet my favorite characters in the park. This can really help me maximize my day!
If your concerned about the price, I recommend considering a breakfast character meal, as these are usually priced lower than lunch and dinner and the character interaction is the same! One of my favorites, which is one of the least expensive is
'Ohana located at the Polynesian Resort. Here you can enjoy a relaxing, island inspired family style meal together while visiting with Mickey, Pluto, Lilo, and Stitch. The food is yummy and the location is convenient to the Magic Kingdom.
When you're all finished, simply hop aboard the boat or Monorail for direct service to the Magic Kingdom!
Best Wishes,
Amanda F.