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6 Things You Can Buy That Will Pay for Themselves in a Year

written by Bob Lotich, CEPF® | Saving Money

6 things you can buy that will pay for themselves in a yearI really get a kick out of doing little things that will pay big dividends.

So each of these six items offer a little bit of that promise.

Put a few bucks in now and save more money!

What I love about it is that you can run out and buy everything mentioned here and actually be richer in a year!

Yes, you are welcome! 😉

1. “SmartStrip” Surge Protector

If your computer setup is anything like mine you have an overflowing surge protector behind your computer desk that is powering all kinds of peripheral computer devices. This is where the SmartStrip starts to shine.

Whenever you power down your computer, it automatically shuts off everything else – printer, speakers, etc. For avid computer users, and at about $26, this one should easily pay for itself in a year.

smart power strip

2. Water Heater Blanket or Insulation Kit

Depending on the temperature setting you use and the location of your hot water heater, a water heater blanket or insulation kit can save you 10% or more on your energy bill – which for some would be almost $10 a month.

A quick test to see if you would benefit from having one is to just touch your water heater. If the tank is warm to the touch, you would save money by having a blanket. If you don’t get one, you can also cut your energy bill by lowering the heating temperature on the tank.

water heater blanket

3. Battery Charger

I remember a battery charger I had about 15 years ago and how miserable the batteries were. I had to recharge them just about every day. Thankfully, the technology has advanced quite a bit and if you use a lot of batteries, they can be a very cost-effective investment. Energizer has a charger that charges AA/AAAs for under $14.

aa battery charger

4. LED Light Bulbs

I have to admit – I don’t like LED light. I just enjoy the full spectrum a bit better, but if “a lightbulb is a lightbulb” to you, then you might be able to save a few bucks with some LEDs. From the numbers I have heard about LEDs, the average family can save over $100 a year by making the switch.

5. Programmable Thermostat

Having a programmable thermostat is the easiest way to lower your heating and cooling costs. And having the house temperature right where you want it every hour of the day isn’t bad either. You can find programmable thermostats as cheap as $20 – at that price, it would probably pay for itself many times over in a year.

programmable thermostat

6. Water-Saving Shower Head

Regular shower heads can release as much as 6 gallons per minute (GPM) and some of the shower head manufacturers have figured out how to let much less water through, but make it still feel like a lot.

This particular one flows at 1.85 GPMs. By making the switch, “you’ll skip heating 15,000 gallons of extra water each year, reducing your energy cost of heating water and water consumption by a whopping 50 percent.”

water saving showerhead

Need more? Check out these 25 money saving gadgets and 8 gadgets to save money and go green.

What’s your favorite money-saving item? Leave a comment!

Related posts:

  1. How to Sell Your Stuff on Ebay
  2. 21 Great Bible Verses About Giving
  3. 25 Top Ways To Save Money (that work fast)
  4. Why we began giving our age as a percentage

About Bob Lotich, CEPF®

Bob Lotich, CEPF® is a Certified Educator in Personal Finance and has over 15+ years experience writing about Biblical personal finance. He is the award-winning author of Simple Money, Rich Life and has been named a top 20 social influencer in personal finance. Check out his on-demand Christian financial class for couples, small groups and churches called True Financial Freedom.

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Hi there! We are Bob & Linda Lotich. Jesus followers, authors, podcasters, and undying fans of Michael Scott.

This site contains the lessons we learned on our journey from being stingy, debt-ridden fools, to being able to reach our biggest financial goal of giving $1 million by age 40, having zero debt & a paid off house by age 31, and peace with money in the process.

Now we share our best lessons with people like you, groups, and churches with our Award-winning book Simple Money, Rich Life and our 6-week video course True Financial Freedom.

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The articles on this site should not be taken as financial advice. Please contact a financial advisor (or coach) for specific advice regarding your situation. Any references to interest rates, giveaways, deals, products, and websites are subject to change without notice. We try our best to keep the information current, but things are always changing so it may be different now than when it was first published. Also, all the pages on SeedTime help us pay the bills by using affiliate relationships with Amazon, Google, eBay and others but our opinions are NEVER for sale. Find out more here.

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