3 Tips on How to Save Money on New Appliances While Being Smart About It

Saving money on new appliances is relatively easy but being smart about how that money is saved takes a little bit of extra work. Here are 3 ways to buy new appliances, save money, and not pay more in repairs than you saved on the purchase:

• Buy ENERGY STAR rated appliances – One of the ways in which appliances get rated is by proving through testing that the savings in energy efficiency will substantially reduce the overall cost of the product in a reasonable time frame. It’s not unusual for rated appliances to cover their purchase cost over time by dramatically lowering utility bills. 
• Buy only what you need – If you’re working on a tight budget, you can probably survive without paying for a bunch of technological innovations that you may or may not be able to use. Focus on the functionality of each product, exactly what you need it to do, and nothing more. 
• Buy packages, but not just any package – Buying a package deal can be the right move to save some money but only if each item in the package holds its own in terms of reliability, operating efficiency, and energy savings. Do some research to ensure that each product in the package has solid reviews. Otherwise, the expense of repairs and/or an eventual replacement of one underperforming item can far exceed the money that was saved at the time of purchase. 

While everyone likes to save money on their appliance purchases, there are smart ways to achieve savings as well as the plans that end up costing more over time than was saved up front. These tips can help you make sure that the money you save stays in your pocket and your appliances stay in your home for the long term.