Household Items That Save You Money

by Justin Weinger on August 31, 2011

Today while scanning my usual personal finance sites I came across an interesting video (see below) on household gadgets that not only pay for themselves, but eventually end up saving you a little bit of money.

The video made me think of an interesting point, probably something which my much smarter readers have already thought of: when making a purchase, you should make sure you consider the long-term financial implications.

For example, if something costs $5 to buy now and ends up costing $95 to use over its life, you’ve essentially spent $100 on that item.  However, if something costs $20 to buy but costs just $50 to use over its life, you’ve essentially spent only $70 on that item.

Long story short, you pay $15 more up front, but spend $30 less overall.

Anyway, watch the video I’m talking about:

For those of you who didn’t feel like watching the video, here’s the gist of it:

  1. Power saving strips and outlets
  2. LED TVs
  3. Do it yourself soda machines
  4. Water filtration devices (think: Britta)
  5. Home brewing system for coffee fanatics
  6. Reduced flow shower heads

These are definitely very interesting tips.

If I were in the market for a TV, I would definitely consider an LED HDTV, but right now that’s a little too rich for my taste.  However, I’m definitely going to check out the special power strips they reference in the video.  It seems like a pretty small investment that will pay for itself in just a month or two.

What do you think?  Anything in the video catch your eye?  Leave a comment below and, as always, please share this post using the social bookmarking buttons below and at the top of the page – especially Facebook and Twitter.

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