10 Must-Have Products That Will Save You A Lot Of Money This Year

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When we’re shopping for products, of course, we’re always looking to grab the best bang for our buck. We’re looking for the best compromise between quality and price. The cheap products that break will end up costing more than a premium quality product that lasts.

But what if you could take your money-saving skills a bit further than by just lowering the price on items. What if you could buy products that save you money by reducing or eliminating other products or costs altogether. Today we’re presenting you with 10 must-have products that will save you a lot of money in the upcoming year.

1. Reusable Silicone Food Storage Bags

Close to 11 million Americans used 21 or more plastic sandwich bags in 2019. How many single-use disposable plastic bags to you personally throw out every year? That’s money we just threw out the window. Instead, invest in a few sets of reusable silicone food storage bags, you’ll be doing out planet a favour as well.

Estimated average savings: $100 per year


2. Smart Learning Thermostat

If you’ve read our post on ways to save money, The U.S. Department of Energy estimates you can be saving between 5% to 15% on your electricity bill if you lower your thermostat by 10 to 15 degrees Fahrenheit during an 8-hour period. This is easier said than done right, but if you have a smart learning thermostat, you don’t need to manage anything, it will do the money-saving for you. Google Nest is a smart thermostat that learns what temperatures you like, turns itself down when you’re away, and connects to your phone. It has a big, sharp electronic display. The best part is, it’s proven to help save energy. In independent studies, the Nest Thermostat saved an average of 10% to 12% on heating bills and 15% on cooling bills.

Estimated average savings: Between $131 to $145 per year.


3. Reusable Water Bottle

It’s very convenient to buy cases of bottled water, but if you think about it, you’re paying for the water inside but also its container. Not to mention that it’s a major source of pollution, just like plastic bags. A case of water may only cost you $3, but over the course of a year, that number accumulates. Instead, get a reusable water bottle with an integrated purifying filter.

Estimated average savings: $100 per year


4. Rechargeable Batteries

Many of the things we use in our homes are battery operated: remotes, kids’ toys, flashlights, home cordless phones, digital cameras, and clocks. You probably currently pay between $6 and $8 for an 8-pack of decent but disposable AA batteries.

Estimated average savings: $100 per year


Batteries

Charger

5. Bean To Cup Coffee Machine

If you’re a coffee-lover, this one is a no brainer. If you drink 2 coffees per day, this is how much it costs you at Starbucks (@$3.00 ea. = $6/day or $2 190/year), with Nespresso capsules (@$1.00 ea. = $2/day or $730/year), with Keurig K-Cups (@$0.50 ea. = $1/day or $365/year). A bean to cup coffee machine will produce a cup of fresh ground bean coffee for about $0.27. Two cups of coffee per day would cost you $0.54/day or $197.10/year. You’re also preventing plastic pods from being thrown in the trash, plus you get the freshest coffee you can make at home. Your bean to cup coffee machine should pay for itself during the first year if you’re ditching Starbucks.

Estimated average savings: Between $170 to $1 993 per year


6. Sink Water Aerator

Sink water aerators can be purchased for just a few bucks and are easily installed. This little addition to your faucet will help you save money on your water bill. The average water bill in the U.S. is around $70 per month or $840 per year. Some of that is due to flushing your toilet, but if we estimate $25 per month on water delivered through faucets, if you cut that consumption by 35%, you’re saving $8.75 per month, or $105 per year.

Estimated average savings: $105 per year

7. Low-flow toilet

A low-flow toilet can also help you save quite a bit of money. It’s estimated that flushing toilets make up about 30% on average of our household water use. While older toilets might use five gallons per flush and toilets that are a few decades old might use 3.5 gallons, WaterSense toilets now use just 1.28 gallons! That means you probably can save at least two gallons per flush if you upgrade an older toilet. That amounts saving about $150 to $200 per year or more, according to an estimate from an article in the Washington Post.

Estimated average savings: $150 or more per year


8. Food saver

Buying food in bulk is always a great way to save money; as long as nothing goes to waste. Having a way to safely freeze the quality & freshness of your meats and veggies for long periods of time is a must. You’ll cut down the cost per pound of the meat you’re eating by at least 10% when buying in bulk. With this strategy, you’re saving money and also eliminating food waste. It’s easy to save at least $40/month on bulk meat and save another $10/month on food that didn’t go to waste.

Estimated average savings: $600 or more per year


9. Bottle emptying kit

This is a frustrating problem every single person has in their home: the last 5% of your product that gets stuck at the very bottom of the bottle that ends up being thrown away. This crafty little gadget solves that issue for you. It’s hard to estimate how much money you would actually save with this product over the course of a year. Let’s assume it will end up paying for itself over time and save you a bit of money every year after that.

Estimated average savings: $20 or more per year


10. Electric car

Let’s assume you own a car that has a fuel tank of 16 gallons with an EPA rating for city driving of 22mpg. This would give you 352 miles of range. The cost of regular unleaded gasoline in 2019 was on average $2.60/gallon in the U.S. So $2.60/gallon x 16 gallons = $41.60. This is how much one full tank of gas costs you to drive 352 miles.

My Tesla Model 3 long-range has a range of 322 miles. The battery holds 75kW of energy. My residential electricity rate is $0.0894/kWh. This means that in order to fill up my car battery, it costs me 75kW x $0.0894 = $6.71!!!! This represents THOUSANDS of dollars in savings per year. When driving 25 000 miles with a Tesla, I save $2 434 in energy costs per year ($2 955 to drive 25 000 miles in a gas-powered car vs $521 in an electric car). That’s money I get to keep in my wallet. If you drive a lot, consider getting an electric car, you’ll save A LOT of money over the course of its ownership.

Estimated average savings: $1 000 or more per year


Save thousands of dollars annually

If you add up the savings from all the products that save you money in this post, it comes up to $2 500 that you could be saving each year if you decided to buy them today. That is the smart way to shop nowadays; buy quality products that pay for themselves and that help you save money over the long haul.

If you have any other ideas please don’t hesitate to let me know in the comments section below.

Hope this helps keep your wallet fat!

-Jay

Disclosure: This post may contain affiliate links for products I use and love. If you take action (i.e. subscribe, make a purchase) after clicking one of these links, I’ll earn some coffee money ☕ which I promise to drink while creating more helpful content like this. This does not incur any additional cost to you.

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