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14 Things to Buy thaat Save Money

Updated on February 17, 2016
drpennypincher profile image

Dr. Penny Pincher founded the popular personal finance blog Penny Pincher Journal in 2013 and has published two books about saving money.

Best Products to Buy to Save Money

If you are trying to save money, it may seem counter-intuitive that you save money by buying something. How does that work? The idea is that you can spend a little money now on something that will save you a lot of money in the future by reducing your need to buy other things.

What are the best products to buy to save money? Some products you can buy will quickly pay for themselves with the savings you'll get and help you save money. Today I'll present my favorite money saving products. You can save thousands of dollars every year by purchasing the right products and taking advantage of them to save money every day.

$1 to $3 Products to Save Money

Used Books

Used books provide cheap entertainment. If you get a used paperback book for $1 and read it for 4 hours, your entertainment cost is only $0.25 per hour. You can share the book with others in your family and share with friends. Plus you can re-sell or trade the book when you’re done reading it.


Where to buy cheap used books: Used book shops, garage sales, thrift shops.


Buy a Newspaper

Buy a weekend newspaper- this provides cheap entertainment and gives you an opportunity to stay informed about news and local affairs. I know you can get news free on the internet, but with a newspaper you’ll get ads that you can go through to find coupons and sales. You can also find garage sales in the local paper. When you are done reading, use the newspaper for protecting surfaces for projects, kindling to start campfires, mulch in your garden, and other reuse.


Buy a Box of Tea Bags

You can buy a box of 20 tea bags for under $3. If you drink this instead of buying coffee at a coffee shop at $2 per cup, you'll save $17 per box of tea bags. Hot tea is a satisfying drink and is a very inexpensive beverage with potential health benefits.

Boxes of tea bags for under $3
Boxes of tea bags for under $3 | Source

$5 Products to Save Money

Compact fluorescent light bulbs

Replace your incandescent light bulbs with compact fluorescent light bulbs. Compact fluorescent bulbs last much longer than incandescent bulbs and consume much less energy, saving you money. I like the idea of buying something that saves money every day!

$8 Products to Save Money

Netflix

Get a Netflix subscription for $8 per month for almost unlimited entertainment. Everyone in my family has found shows and movies on Netflix that they enjoy. If you get rid of your cable or satellite TV service, you can save about $100 per month. Read more about best value TV service options and ways to save money on TV.

$15 Products to Save Money

Insulated Lunch Box

Buy an insulated lunch box and use it every day. You'll save about $5 per day over buying lunch at a fast food restaurant. You'll save $720 per year taking lunch! If you invest in a decent lunch box, you’ll be more likely to take your lunch instead of buying fast food. Get a couple of freezer packs for about $2 each to put in your insulated lunch box to keep your lunch cold. You may never need to buy lunch again.

$20 Products to Save Money

Wireless Thermometer

Get a wireless outdoor thermometer. Use this every day to check the temperature and pick the right clothes for the day. You can also use the thermometer indoors to find cold spots, use it in your garden to monitor the temperature, and use it to check the temperature in your attic or garage. A home weather station is cheap entertainment and may help you find areas that can benefit from insulation. Learn about the best home weather station products.

$35 Products to Save Money

Haircut Kit

Buy a set of hair buzzers and do your own hair cuts at home. You'll save $100 per year per person on haircuts! The haircut kits include guards so you can cut hair to the desired length. It is really handy to be able to have a haircut anytime you want one without leaving home and without paying $15!


Pull-up Bar

Install a pull-up bar at home. A pull-up bar provides an easy way to get a quick workout every day. A pull-up bar will last a lifetime, and people of all ages can do pull-ups. Some pull-up bars can be used for other exercises like push-ups and sit-ups as well.

Pull-up bar and more!
Pull-up bar and more! | Source

Wireless Router

If you have internet service, but don’t have a wireless router, you’re missing out. Just plug in a wireless router and you’ll be able to access the internet from anywhere in your house using your wi-fi enabled devices such as tablets, cell phones, and laptops. Most modern devices have built-in wi-fi receivers. You can add a wi-fi receiver to your desktop computer for about $25, allowing you to locate your desktop computer anywhere in the house. If you have wi-fi at home, you’ll be less likely to spend time- and money- at coffee shops and restaurants that have free wi-fi.


Outdoor Clothesline

Dry your clothes for free using solar energy with an outdoor clothesline. This article has instructions for selecting and installing the best outdoor clothesline for your yard.


$50 Products to Save Money

Used Bike

A used bike is one of the least expensive hobbies you can have. Riding a bike is great exercise and can provide countless hours of entertainment. You can also use a bike for free transportation. This article describes how to find cheap used bikes. I bought a used bike cart on craigslist for $35 to use for hauling groceries and books with my bike on short trips. Although the bike cart is intended to haul kids, I use it to give my dogs rides!


Used Crossbow Exercise Machine
You can pick up a used crossbow exercise machine for get a great workout at home if you have room. Crossbow is a less expensive version of Bowflex machine. This is an exercise machine that uses plastic rods to provide resistance, allowing you to build muscle.

Where to buy: garage sales, craigslist, eBay, used exercise equipment stores

Best value coffee maker with thermal carafe
Best value coffee maker with thermal carafe | Source

$65 Products to Save Money

Good coffee maker
Make your own pot of coffee every morning instead of paying over $2 per cup at a coffee shop- you'll save $546 per year! Here's an article about choosing the best value coffee maker under $100.

SodaStream

Make your own soda at home and save money. You can save $5 per week or more making your own soda, which adds up to over $260 per year in savings. Find out how much you can save with a SodaStream.

Recommendations

These products will quickly pay for themselves with the money you will save if you use them regularly. What products have you found that are great values and save you money every day?

© 2013 Dr Penny Pincher

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    • drpennypincher profile image
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      Dr Penny Pincher 2 years ago from Iowa, USA

      Susan, thanks for reading! There are always more ways to save money if you keep working at it...

    • SusanDeppner profile image

      Susan Deppner 2 years ago from Arkansas USA

      I like the list! We're penny pinchers around here, too, so I always appreciate tips on the topic.

    • drpennypincher profile image
      Author

      Dr Penny Pincher 3 years ago from Iowa, USA

      Hugh, thanks for the tips. I'll try reusing tea bags to save even more on beverages. Bikes do require new inner tubes and tires at some point. I recently replaced some original 40 year tubes and tires on a '72 Schwinn Super Sport. I actually sold the old tubes and tires on eBay as collectibles!

    • Hugh Morrison profile image

      Hugh Morrison 3 years ago from London, England

      Good tips. You can cut the cost of tea even further by reusing teabags - most are just as good after two or even three uses.

      It's worth pointing out though that cycling isn't 'free' - you will eventually need to pay for new parts like tyres, brake blocks etc; but it's still hugely cheaper than driving a car or using public transport.

    • drpennypincher profile image
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      Dr Penny Pincher 3 years ago from Iowa, USA

      Ryan45678, I have Amazon Prime on my list to try- thanks for the tip. Sounds promising.

    • Ryan45678 profile image

      Ryan Askew 3 years ago from Austin, Texas

      Great tips! People often wonder where all their money went, yet they spend it like it's nothing, giving no thought to how they can save it. Personally I prefer Amazon Prime over Netflix, because I don't watch a lot of TV. It only costs $80 a year, you get movies and shows, and free two day shipping. I know the free selection of movies and TV shows on Amazon Prime is not as good as Netflix, but Amazon Prime is cheaper! :)

    • drpennypincher profile image
      Author

      Dr Penny Pincher 4 years ago from Iowa, USA

      Ceres Schwarz- Thanks for your comment. For me, a coffee pot pays for itself in less than one month vs. buying coffee at coffee shops or even convenience stores.

    • Ceres Schwarz profile image

      Ceres Schwarz 4 years ago

      These are all good ideas and suggestions on saving money, which is really important especially for those that might be having some financial troubles. Even little things like getting a good coffee maker to make your own coffee instead of buying coffee can really help save money in the long run.

    • drpennypincher profile image
      Author

      Dr Penny Pincher 4 years ago from Iowa, USA

      Thanks kidscrafts! Tea is one of the least expensive beverages around (other than tap water). I know some people who reuse a tea bag a couple times when making tea by the cup.

    • kidscrafts profile image

      kidscrafts 4 years ago from Ottawa, Canada

      Great suggestions on how to save money as usual! I must say that I would save even more money on the tea because I don't like to drink it strong.... so I do a whole pot of tea with one bag :-)