The best way to save money is to not spend it, but that’s not always practical. The best way to spend your money is intentionally and in a way that guarantees you get the most bang for your buck.
You may already be saving money when you spend by using coupons or gift cards but have you thought about what products you can buy that will save you money in the long run?
Products That Will Save You Money on Utilities
Utility bills are often unwelcome surprises when they arrive each month.
Unless you’re actively monitoring your usage or on a standardized billing plan, it’s really anybody’s guess how high your bill will be.
Here are several ideas for products you can buy to cut down your utility bills without a lot of added effort.
Products to Reduce Your Water Usage
Another way to reduce your water usage and save money is to convert your standard toilet into a low-flush toilet.
Save Money on Energy Costs With Smarter Lighting
There are several lighting hacks you can use to lower your energy bill.
First, start using LED bulbs. They last longer and provide better lighting.
Next, add in some motion sensor light switches to automatically turn off lights when you leave the room.
Don’t Let Vampire Power Suck Cash Out of Your Pocket
Did you know that all those gadgets and electronics you’ve got plugged in are drawing electricity even if they’re powered down?
The best way to test and see how much power your stuff is using in standby mode is to use an electricity usage meter.
If you find some real power hogs, use an energy saving surge protector to cut them off.
Save Money on Your Heating & Cooling Costs
You’ve probably heard you should adjust the thermostat when you’re not home, but how often do you remember to do it? Buy yourself a programmable thermostat and never worry about it again.
This only really works if your family tends to congregate in one spot, but by keeping the heating and cooling needs limited to just one room, you’ll save over the cost of keeping the whole house at a comfortable temperature.
And don’t forget to grab a draft stopper to keep whatever heating or air you’re using inside!
Save Money on Every Load of Laundry
Do you know how much it costs to wash a load of laundry?
Depending on your setup it could be hundreds of dollars a year! Try these tips and products to help you bring that cost down.
First, use cold water for most of your loads.
75-90% of the energy your washing machine uses is to heat up the water. Using cold water is an easy way to lower that number and reduce your energy usage.
Next, ditch the dryer, or at least make it more efficient.
Products That Will Save Money on Food
Food is one of the big 3 when it comes to household expenses (coming in after housing and transportation).
Apart from eating at home and clipping coupons, you can save money on food by buying products that help you eliminate waste or make it yourself.
Stop Throwing Money Into the Trash
Did you know US consumers throw out almost a pound of food a day?
You can also make sure you’re getting your money’s worth by salvaging every last scoop or drop left in your containers.
Save Money By Making Your Own Food & Drinks
Save money by buying products that make it easier and cheaper to make it yourself.
Buy Reusable Mealtime Products
Save money and the environment by getting reusable products to replace your typical solutions.
Also, try using beeswax wraps to keep your food fresh without the expense or hassle of traditional cling wrap.
Products That Will Save Money on Household Goods
We tend to pay good money for the price of convenience, but there are some products that are as equally convenient as they are reusable.
Consider washable, reusable pads for your Swiffer.
It’s just as easy to grab and go, and you’re likely already doing laundry at some point, so just throwing them in with a load isn’t really an inconvenience.
Another great way to save some money is by investing in rechargeable batteries.
Not only will you save money, but having a charged set of batteries at the ready is also a huge convenience when something dies all of a sudden.
I’ve been guilty of absentmindedly grabbing for paper towels whenever I need to wipe or dry something, but dishcloths are just as effective and way cheaper.
Products to Reduce Your Coffee Costs
In The Automatic Millionaire, David Bach relates the story of a woman who claimed to have no money to save before walking him through her day and revealing seemingly tiny expenses that added up to big costs.
He dubbed it The Latte Factor and it might be costing you as well.
Consider this: a $3.50 latte daily habit costs over $1000 a year!
If you’re addicted to a morning vanilla latte or afternoon iced mocha latte, consider getting an espresso machine to make your own.
You’ll save money by not having to buy the expensive pods or throw out what you can’t drink.
Products That Will Save You Money on Entertainment Costs
Are you still paying for cable or satellite services?
Cutting the cord is a great way to save money. And with products like an HDTV antenna and Netflix, you may never miss the hundreds of channels you never watched.
Also, consider adding Amazon Prime to the mix.
Most people think of Prime as the free 2-day shipping you pay for annually, but Prime membership actually has a ton of other benefits.
With Amazon Prime, you’ll get free video and music streaming, online photo storage, free e-books and audiobooks, and even free games from Twitch Prime.
How to Save Money by Knowing When to Buy
Not only is it smart to buy products that can save money in the long run, but if you can get them on sale it’s even better!
People naturally get excited to find a deal, but make sure you’re doing your research.
Just because stores are marketing a huge sale, doesn’t mean those products are actually cheaper than normal.
Use a tool like CamelCamelCamel or Keepa to see what a poduct’s sales history looks like. Find out the lowest price an item has sold for and set up tracking to get alerted when it hits your target price.
If you shop on your phone, you can use the Pricepulse app to do the same thing.
Don’t Use This as an Excuse for a Shopping Spree
While it’s true that you can save a lot of money by buying the products above, don’t use that as an excuse to go blow your budget in one fell swoop.
Take note of any products you might be able to use and add them to whichever price tracking app you prefer. Start saving up some money so when the price hits your mark, you’ve got the funds there to cover it.
You may be tempted to do your shopping on Prime Day, Black Friday, Cyber Monday, or some other highly marketed “discount” day, but do your research and be patient.
If you use a set-it and forget-it approach with your wishlist and alerts, you’ll not only avoid impulse buys but also make sure you get the best deal on products that will continue to save you money down the road.