A Good Investment?

Posted: June 24, 2008 in Me, my life
Tags: , , , ,

Can you answer the question below?Anyone know how to figure out if it is worthwhile to invest in a stand alone freezer.  the pros and cons I see are as follows:

Pros

  1. The ability to buy in bulk when items are on special.  For example, Wal-mart usually charges $9 for a  2.5lb bag of chicken breasts (something we eat A LOT of).  When they go on special they can go for as low as $3.67 a bag.  A savings of over $5 per bag on that one item.
  2. With one or two children to enter our household sometime in the next 6 months or so we will need more freezer room for ice pops, meat, etc.

Cons

  1. Energy costs to run a freezer 24/7.

So in the long run do I win or lose?  Does it cost more money to run then I save, or does it save more money than it costs?

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Comments
  1. [crickets chirping]

    Babe, we’re not going to do your math for you. The energy costs are on the label on the fridge in the store; the cost is given to you; and only you can know how much chicken it holds. Plug it into an Excel spread sheet and see how long it will take to pay off, if that ever happens. (If energy costs exceed cost savings from chicken and Popsicle consumption, then it will be a net loss. If not, it’s just a matter of figuring out how long it will take for the savings to make up for the investment cost.)

    If you need help doing a net present value calculation of the savings, let me know. 🙂

  2. Are you trying to say something about the lack of responses to this post? Everyone is a critic.

  3. Teresa says:

    Frozen veitables are just as healthy as fresh (some say healthier, since nutritional value declines as “fresh” food ages, but at preserved in frozen)…and lots cheaper. Ditto frozen fruit.

    Add to that the cost of fresh fruits and vegitables going bad under frefridgeration, and you’ve just put a lot of money toward the balance of the freezer saving you money.

    Also, I’d like to point out that milk freezes very well…so if you can buy milk at an outrageous sale price, you might want to do it and freeze it.

  4. “milk freezes very well”

    Really? I didn’t know that.

  5. Yes, milk does freeze well. Just don’t freeze it if it comes in glass bottles. 🙂

    You can go to Costco and buy a huge thing that has several cartons of milk and freeze the ones that you aren’t using.

    Are you factoring in gas savings?

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