Five money saving devices we couldn’t live without

As the cost of living increases, it’s important to save money on the things you have to buy, in order to leave some cash for the things you want to buy. Here’s a rundown of the best ways to save money on the things you can’t live without.

1. Low flush toilets

More water is used to flush the toilets than you might think but as toilets are completely essential to our everyday lives, reducing their use is not always viable. However, there are ways to save water – and therefore money – each time you flush.

Low flush or dual flush toilets can reduce water waste by more than 50% per flush – cutting it down from six or seven litres to three. Not only will you be saving money compared to using a traditional toilet but you’ll also be making your home more environmentally friendly.

2. Phone apps

We don’t really need another reason to justify having a smartphone but did you know your mobile can actually save you money? There are new apps being released all the time and many of these allow you to control devices in your home, save energy and cut costs.

The new npower app allows you to get accurate meter readings and track your energy consumption, which means you can keep on top of your usage and save yourself some cash.

You can download the app direct from their website and read more about it on their blog post – which also looks at just how popular smartphones have become with this infographic:

3. Slow cookers

Deciding to cook instead of ordering a takeaway is an obvious money saving method, but preparing your own meals isn’t always as cost effective as you’d think.

Slow cookers are one of the best ways to cut down on energy bills because they are very energy-efficient (although as always, the amount of energy consumed will depend on the individual model and how it is used). This allows you to massively reduce your energy consumption without compromising on one of life’s absolute essentials – a good meal!

4. Coffee machines

If you need a caffeine boost to get you going in the morning, dropping by the coffee shop every day can get to be really pricy. Traditional coffee machines are much cheaper to run than buying a daily drink. The average cost of a simple black coffee at a major outlet is £1.90, which is more than 95% of a mark-up on the cost of making the same drink at home*.

5. Energy saving light bulbs

Lighting your home can rack up quite a bill, especially for families. Britain has less than 11 hours of natural light per day on average, so we need to rely quite heavily on electric lighting.

It doesn’t have to be pricy, though. Switching all of the light fixtures in your home to energy efficient light-bulbs can save you around £55 per year which means that you’re wasting less money on what is essentially the same light.

Another way to do this is to change your energy tariff to secure a better deal. Some tariffs are more expensive than others, depending on usage, so you need to compare costs and shop around. If opting for a fixed-rate tariff then you should consider how long this rate is fixed for before signing up. As an example, npower are currently offering the generous Price Protector March 2018 which promises fixed gas and electricity rates until March 2018.

*Average cost of beans is 7p per cup, with the energy used to run the machine amounting to less than a penny