Ways to Save Money

Spend Now to Save Later: These Household Tools Pay for Themselves Within a Year

July 28, 2015
by Nicole Dieker
Contributor
money-saving

A lot of us try to save money when we go to the grocery store, grabbing the cheapest paper towels or batteries we can find — or waiting for coupons before buying name brands. But what if our household frugality was actually costing us money?

Mary Hunt’s Everyday Cheapskate shows us how spending a little more money now can help us save hundreds of dollars in the long run. Whether you’re buying rechargeable batteries or investing in a well-reviewed coffeemaker, buying high-quality goods now can save you a surprising amount of money over the course of a year.

Invest in Everyday Tools

How often do you buy your coffee at a cafe because “it’s better than what you can make at home?” Well, what if you could make coffee that good at home?

Everyday Cheapskate suggests that if you invest in a high-quality coffee maker — say, one that costs $150 — you’ll save hundreds of dollars every year on expensive cafe coffees. Yes, you can buy a coffeemaker that makes lattes and cappuccinos, too!

If you use a household tool regularly, investing in a high-quality version can often save you money over time. Everyday Cheapskate notes that even something as simple as a tire gauge can save you money on car maintenance costs.

Avoid Disposable Products

When you buy disposable, you throw away a lot of your money. Sure, those paper towels may cost less than a dollar a roll, but how many rolls do you go through every week? That’s money you’re throwing straight into the trash along with your wiped-up spills.

Everyday Cheapskate recommends investing in bar mops instead, the durable, lightweight kitchen wipe cloths that can handle everything from drying dishes to wiping up spaghetti sauce. If you buy six dozen bar mops — enough so that you never feel like they’re all in the wash — you’ll pay about $66. Use two rolls of paper towels a week instead? A year’s worth might cost you $104.

Everyday Cheapskate also suggests investing in high-quality rechargeable batteries and a battery charger, to save you around $70 in battery costs over a year.

Take a look around your home and figure out which household tools you use regularly — as well as which household products you regularly throw away! Then, invest in better household gear, from bar mops to batteries, to keep your home running smoothly and save hundreds of dollars over time.

Want to learn more? Read the full story at Everyday Cheapskate.

Your Turn: Which household products do you use every day? Have you invested in high-quality versions, and are you saving money because of this investment?

Nicole Dieker is a freelance writer focusing on personal finance and personal stories. Her work has appeared in The Billfold, The Toast, Yearbook Office, The Write Life and Boing Boing.

by Nicole Dieker
Contributor for The Penny Hoarder

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