Well I wanted to post on money saving investments today, and all I could come up with was one idea. So I will share my one idea and in return I hope you guys share some ideas on investments that will save money in the long term.
Buy a Freezer: Who hasn’t been frustrated by the inability of their freezer to adequately contain the fruits of a trip to the grocery store? And when meat goes on sale, a rare occurrence, it is a great idea to scoop up as much as possible (and reasonable). For example, our local grocery store occasionally puts 3 lb bags of chicken breast on sale for $3.50 each. The usual price is 7.99-8.99 per bag.
Now, if you owned an individual freezer unit you would have somewhere to put that discount meat- not to mention pastries, frozen veggies, and frozen fruits.
How much can you save with this idea? Well let’s just take the chicken example. My family goes through three bags a month (sometimes four). At $8.50 per bag the cost over the year is $306, while the the cost at $3.50 per bag is less than $130 per year. A savings of $176 dollars over the year. And that is JUST the chicken.
Now I know there are some costs associated with this. For example electricity to run the unit. But, to the best of my knowledge, once the unit is full it is relatively inexpensive to run- as the frozen goods in a packed refrigerator allow the unit to use less electricity than an empty freezer.
So what are your ideas?