Money: 7 Things To Buy Now That Will Save You Money Later - Lukeosaurus And Me (2024)

It’s no secret that investing in good quality products will mean that they last longer, perform better and therefore save you money in the long run. I’m not talking about buying the most expensive items you can find in the hopes that they serve you well – that’s a completely different kettle of fish. I’m talking about investing your money in things around the house and for your family that are of good quality and guaranteed to save you a fortune if you invest in them now.

Money: 7 Things To Buy Now That Will Save You Money Later - Lukeosaurus And Me (1)

Obviously, when you’re strapped for cash, investing in household components may be a bit difficult. However, it is worth bearing in mind the money that you could save in the future will likely pay for itself.

You don’t need to go out and replace everything in your home; even if you’ve just saved up for some decent quality kitchen ware, you’ll be grateful that you won’t need to replace that any time soon. That means your money can be spent elsewhere!

*This post contains affiliate links*

Your kitchen uses up a lot of electricity (and gas) every day. From boiling the kettle, to having the oven on, it will be costing you money. Try investing in some energy efficient kitchen appliances. These will last you longer, so they don’t need to be replaced frequently and they will save you money on your utilities.

Energy Efficient Appliances

I would start with the kettle. Did you know that boiling a full kettle costs around 2.5p every time you boil it? That’s a lot of money if you’re making your family a few cuppas a day, or you’ve got friends over. I was a bit shocked when I found this out, so I did a little bit of research and found some kettles that would make a great investment and save us some money on electricity. The Philips HD4644/00 Energy Efficient Kettle and the Breville VKJ142 Hot Cup both look great.

LED Energy Saving Light Bulbs

Probably a no brainer, but invest in some LED energy saving lightbulbs. Energy saving lightbulbs have come on a long way in recent years. There are now energy efficient lightbulbs that fit almost every fixture and shape. There’s no excuse not to grab these and save on your utility bill.

Good Quality Saucepans and Frying Pans

From my experience, if you purchase cheap frying pans and saucepans, the non-stick comes pretty quickly. What’s worse, is that I have noticed it usually comes off while you’re cooking with them, meaning there are flecks of black in your dinner! Not nice. So it’s worth investing in a great quality saucepan set, as well as a few frying pans. My thought is that you can’t go wrong with a Tefal set or a PRIMA Cookware Set.

If you’re planning home renovations any time soon, now is the perfect opportunity to invest in some great features that will save you hundreds in heating bills, energy bills and replacements.

Save On Lighting And Heating With VELUX

VELUX windows not only look gorgeous in your home, but they also serve the purpose of lighting up your room beautifully without you needing to waste electricity on lighting. Natural lighting has many benefits for your mental health as well. VELUX also sells thermal black out blinds for their windows that improve the insulation of your room, thus saving you more on heating bills. Save on lighting and save on heating – it’s a win/win situation. You can pop along and have a look at what VELUX has to offer on the VELUX website.

Replace Your Radiators

If you live in a slightly older building, you may find that your radiators just aren’t as efficient as they could be. Just like the LED lightbulbs, things have vastly improved and many people will find that their radiators are costing them a fortune to run. I read that radiators produced before 2000 can be up to 50% less efficient than modern ones. If you’re planning any refurbishment, it is definitely worth considering as replacing your radiators could save you lots of money on your heating bills.

Install A Smart Thermostat

I am incredibly guilty of turning the hot water on and then completely forgetting to turn it off again. This definitely shows in our energy bills. I’m one of those people who would hugely benefit from having a smart thermostat installed. Being able to set timers on the boiler (mine is rubbish and I can’t seem to figure it out!) whether you’re at home or out and about means that you have full control. If, like me, you forget to turn the hot water off – no problem, you can sort it all out with a touch of a button from your phone and always stay on top of your spending.

Install Solar Panels To Save You Money and Save The Planet

The house opposite me has solar panels on it’s roof and I am insanely jealous. There are loads of benefits to having solar panels installed. Once you’ve paid the initial cost, your energy bills will see a huge cut; sunlight is free and even if it’s cloudy, you’ll still generate power! You will be doing the planet a huge favour by reducing your carbon footprint. In the UK, you’ll also be part of the Feed-In Tariff scheme, where you get paid for the electricity you make and you can also sell electricity on the scheme! This is definitely something to consider investing in; I’m seeing more a more houses with solar panels on their roofs these days. Take a look at the variety of solar panels and see how they could work for you by visiting this site:https://fireflyenergyllc.com/los-angeles-county/san-dimas/

*Disclaimer: this is a sponsored post*

Money: 7 Things To Buy Now That Will Save You Money Later - Lukeosaurus And Me (2)

I’d like to thank a few other bloggers who put their heads together and gave me their opinions on what items are worth investing in to ensure that you save money in the long run. Thanks to: Katy – katykicker.com, Sarah – letthembesmall.com, Christy – welshmum.co.uk, Sarah A – afewfavouritethings.com, Lynne – www.newmummyblog.com, Emma – www.meandbmaketea.com and Emma M – themoneywhisperer.co.uk

Money: 7 Things To Buy Now That Will Save You Money Later - Lukeosaurus And Me (3)

Money: 7 Things To Buy Now That Will Save You Money Later - Lukeosaurus And Me (2024)

FAQs

What is the best thing to save money for? ›

  • Emergency fund. Nearly a quarter of savers who take the America Saves pledge chose “emergency savings” as their first wealth-building goal.
  • Large Purchase. ...
  • Car. ...
  • Vacation. ...
  • Retirement. ...
  • Debt Repayment. ...
  • Education. ...
  • Homeownership.

How can I save enough money? ›

28 ways to save money
  1. Automate transfers.
  2. Count your coins and bills.
  3. Prep for grocery shopping.
  4. Minimize restaurant spending.
  5. Get discounts on entertainment.
  6. Map out major purchases.
  7. Restrict online shopping.
  8. Delay purchases with the 30-day rule.
Mar 26, 2024

What are 3 ways to save money when you do decide to spend? ›

Find ways to cut spending
  • Search for free activities. Use resources, such as community event listings, to find free or low-cost entertainment.
  • Review recurring charges. ...
  • Examine the cost of eating out vs. cooking at home. ...
  • Wait before you buy.

How can I save the most money in the shortest time? ›

See which of these suggestions could make the biggest financial impact on your bottom line.
  1. Cancel unnecessary subscription services and memberships. ...
  2. Automate your savings with an app. ...
  3. Set up automatic payments for bills if you make a steady salary. ...
  4. Switch banks. ...
  5. Open a short-term certificate of deposit (CD)
Feb 26, 2024

How to save $1,000 dollars fast? ›

Financial expert Dave Ramsey has a lot of ideas on the subject, and here are some of the most practical ways to save your first $1,000 quickly.
  1. Cancel Subscriptions. ...
  2. Bring Your Own Lunch. ...
  3. Avoid Coffee Out. ...
  4. Re-Sell Old Items. ...
  5. Shop at Cheaper Grocery Stores With Rewards Programs. ...
  6. Buy Generic. ...
  7. Join a Carpool.
Dec 28, 2023

How to save $100 in 30 days? ›

The plan works like this: Start off by saving just a dollar every day for five days. For the next five, save two dollars. Increase the amount every five days by a dollar until you reach the point where you're saving five dollars per day, which you'll do for the last ten days of the month.

What is the 30 day rule? ›

The premise of the 30-day savings rule is straightforward: When faced with the temptation of an impulse purchase, wait 30 days before committing to the buy. During this time, take the opportunity to evaluate the necessity and impact of the purchase on your overall financial goals.

How can I save money if I barely make anything? ›

11 Foolproof Ways to Save Money On a Low Income
  1. Create a Budget. ...
  2. Open a Savings Account or Savings Pod. ...
  3. Drop Unneeded Monthly Memberships. ...
  4. Take a Hard Look at Your 'Unavoidable' Expenses. ...
  5. Save Money on Food. ...
  6. Save Money on Utilities. ...
  7. Commit to Buying Nothing New. ...
  8. Change Where You Keep Your Money.
Jan 4, 2023

How to live on very little money? ›

Tips to help you live below your means
  1. Create a plan for your money. The act of assigning a job for every dollar can be empowering. ...
  2. Automate your savings. ...
  3. Pay yourself. ...
  4. Live off one income if possible. ...
  5. Look for ways to lower your discretionary expenses. ...
  6. Reflect on your financial habits. ...
  7. Drive used. ...
  8. Pay less interest.
Jul 10, 2024

How to stop wasting money? ›

Here are some ideas to help you stop spending money and build healthier financial habits:
  1. Create a Budget. ...
  2. Visualize What You're Saving For.
  3. Always Shop with a List. ...
  4. Nix the Brand Names. ...
  5. Master Meal Prep.
  6. Consider Cash for In-store Shopping. ...
  7. Remove Temptation.
  8. Hit “Pause"
Jul 10, 2024

How to save money at Walmart? ›

Table of contents
  1. Find Deals With the Walmart App.
  2. Buy Priced-to-Go Clearance Items.
  3. Leverage Walmart's Free Shipping.
  4. Use Walmart's Free Pickup Service.
  5. Save Money With Walmart+
  6. Save Money on Low-Cost Groceries.
  7. Use Walmart's $4 Prescription Program.
  8. Take Advantage of Walmart's Generous Coupon Policies.

How do you grow your money? ›

Fund your future.
  1. Keep money in an account with the potential to earn higher interest or returns. ...
  2. Give money enough time in the market. ...
  3. Don't give in to volatility. ...
  4. Don't let taxes cut into profits. ...
  5. Intentionally set aside money for investing. ...
  6. Rebalance or diversify your portfolio.
May 20, 2024

How to stop living paycheck to paycheck? ›

How to Stop Living Paycheck to Paycheck
  1. Get on a budget.
  2. Take care of your Four Walls first.
  3. Cut extra expenses.
  4. Start an emergency fund.
  5. Ditch debt.
  6. Increase your income.
  7. Live below your means.
  8. Save up for big purchases.
May 31, 2024

How to get $20,000? ›

How To Make $20k Fast
  1. Online Freelancing. One realistic way you can get $20k fast is to sell your skills online as a freelancer. ...
  2. Job Hop. Another idea to earn $20,000 fast is to job hop. ...
  3. Affiliate Marketing. ...
  4. Delivery Gigs. ...
  5. Borrow The Money. ...
  6. Rent Out Assets For Passive Income. ...
  7. Sell Assets You Own.
Jul 18, 2024

How to save money when you are broke? ›

Jaspreet Singh: 10 Ways To Save Money When You're Broke
  1. Quit Using Credit Cards. ...
  2. Cook More at Home. ...
  3. Plan Your Meals. ...
  4. Get Smarter About Free Stuff. ...
  5. Switch Your Provider. ...
  6. Visit Your Library. ...
  7. Look Into Refinancing Your Loans. ...
  8. See Which Perks You're Eligible For.
Oct 14, 2023

What amount of money is best to save? ›

This budgeting rule states that you should allocate 50 percent of your monthly income for essentials (such as housing, groceries and gas), 30 percent for wants and 20 percent for savings.

What is the 50/30/20 rule? ›

The rule is to split your after-tax income into three categories of spending: 50% on needs, 30% on wants, and 20% on savings. 1. This intuitive and straightforward rule can help you draw up a reasonable budget that you can stick to over time in order to meet your financial goals.

Is it good to save $1000? ›

Saving $1,000 per month can be a good sign, as it means you're setting aside money for emergencies and long-term goals. However, if you're ignoring high-interest debt to meet your savings goals, you might want to switch gears and focus on paying off debt first.

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