With the high gas prices and head-wagging inflation these days, what budget-conscious family isn’t trying to save money wherever they can? While there’s certainly nothing wrong with an occasional indulgence or splurge on things that make you happy, if you find yourself stopping off at the local coffee shop each morning, lugging home cases of bottled water, or eating out for most meals, you might want to consider cutting back where you can.
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A variety of home appliances can help save big money in the long run; whether through energy savings or simply saving money by making and doing things yourself. Here are 10 common appliances that can help you save money. Best of all, you probably have many of them in your home right now!
Coffeemaker: Making your own coffee at home instead of buying it from coffee shops can save a significant amount of money over time. Resisting that daily $3 cup of coffee from a local café can save you more than $1,000 per year!
Slow Cooker: Slow cookers are energy-efficient and can turn inexpensive cuts of meat and vegetables into delicious, budget-friendly meals. You can even prepare large batches and freeze leftovers for future use.
Rice Cooker: Cooking rice at home using a rice cooker is more cost-effective than buying pre-packaged rice dishes. Many rice cookers also have steamer attachments for vegetables, making them versatile appliances.
Toaster Oven: Toaster ovens are more energy-efficient than conventional ovens, and can be used for a wide range of cooking tasks, from toasting bread to reheating leftovers.
Food Processor: A food processor can help you save money since you can buy ingredients in bulk, and then prepare your own sauces, dips, and snacks instead of buying pre-packaged versions.
Blender: Making your own smoothies, soups, and sauces with a blender can be cheaper and healthier than buying pre-made alternatives.
Freezer: Investing in a good-quality freezer allows you to buy food in bulk when it’s on sale, and store it for later use. This can help you take advantage of discounts and reduce food waste.
Dishwasher: Using a dishwasher efficiently can save on water and energy costs compared to handwashing dishes.
Water filter: Using a water filtration system on your refrigerator or installing a water filter on taps can save money on bottled water and reduce the need for expensive water delivery services. As an added benefit, water filters can reduce the number of plastic bottles that eventually clog landfills.
Portable Electric Heaters: Turn down the heat and use portable heaters in rooms that are used frequently. Keeping the thermostat at a lower temperature could save money.
Remember that while these appliances can help you save money over time, it’s also important to consider factors like energy efficiency and proper maintenance to maximize your savings. When it’s time to replace older appliances, opt for energy-efficient models, such as ENERGY STAR-rated appliances, which can reduce your energy and water bills.
July is typically the perfect time to shop for large appliances with retailers offering significant markdowns during Fourth of July sales.
However, new tariffs on imported appliances have just gone into effect, potentially affecting prices for consumers.
If you're in the market for a new refrigerator, range, washer, dryer or dishwasher, it's now important to ask where that appliance was manufactured, as this could make a significant difference in how much you pay.
Jason Calcitrai, who is currently shopping for windows and appliances, has already noticed higher prices.
"It's unfortunate that the tariffs are causing this price increase," Calcitrai said.
Reece Dorsey, sales manager of The Appliance Loft, confirms that prices on models made in Europe and China started rising as soon as appliance tariffs took effect on June 23.
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"Absolutely. At least on a dozen brands," Dorsey said.
Watch as experts show how to save on appliances after tariffs:
How to avoid new appliance tariffsHow to save after tariff price hikes
But consumers don't necessarily have to pay more this summer.
Stephanie Carls with Retail Me Not said getting the best price is about doing research and shopping smarter.
"Adding in additional promo codes and cash back, stacking all of those on top of each other is truly where you're going to get the best deal," Carls said.
She also recommends asking stores if they can price match or provide additional perks, since most retailers will be offering competing deals.
"Maybe a free install or free delivery and hauling away offers. Those are also going to quietly save you hundreds or more," Carls said.
Another option is buying directly from the manufacturer.
"We had gone on and done just a chat with that manufacturer, just kind of talking through those different options and they price matched what was available at Best Buy," Carls said.
Dorsey points out that many American brands are tariff-free, but consumers need to verify that they were built in a U.S. factory.
"Frigidaire or Electrolux, are very popular brands," Dorsey said. "Also many items from Whirlpool, Maytag, and then the General Electric family will be tariff-free," he added.
Finally, look for Fourth of July sales — a red, white and blue way to avoid the new tariff price hikes and save money on your appliance purchase.
That way you don't waste your money.
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This story was reported on-air by a journalist and has been converted to this platform with the assistance of AI. Our editorial team verifies all reporting on all platforms for fairness and accuracy.
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