Deciding Whether To Invest In A New Appliance

investing in kitchen appliance

If you like to impulse buy, there are plenty of kitchen appliances out there all promising to make your life a little bit easier. But unless you are going to get some serious use out of them, you may find that you are simply wasting your money.

So, to help you make the decision as to whether something is useful or not, here are some of the key questions which you can ask yourself.

What is the Return on Value?

 The return on value essentially refers to how much use you are going to get out of the appliance and how much it is going to add to your daily life. For example, a fridge is in constant use and is always going to be a worthwhile investment.

You may find that slow cooker is a worthwhile purchase because of all the time that you will save in food preparation. And if it comes to resale, are you going to be able to get any of the original cost back again?

How Frequently Will You Use the Item?

 In many ways, this is the crucial question. Your Bosch microwaves may be in regular use to reheat food. However, a toasted sandwich machine may not be so worthwhile unless you are cooking toasties on a regular basis. Essentially, you need to be very honest with yourself before buying anything as to whether or not you are going to get enough use out of it to justify the purchase.

How Much Will the Appliance Benefit Your Kitchen?

 Is the appliance going to revolutionise the way you cook or is it simply going to be an added extra? For example, a blender will save you a huge amount of time in mixing various food items and it could realistically be used on a daily basis. But an ice cream maker is only going to come in handy during the warmer months of the year, so may not provide the same level of usefulness.

Will the Cleaning Process Deter You from Using the Appliance?

 One of the most frustrating appliances in the kitchen to clean is the food processor. And while this may prove to be invaluable in some people’s kitchens, the amount of work that you have to put into disassembling it and cleaning each individual part will put others off.

Do You Want it Just For Novelty?

Of course, there is nothing wrong with buying something for novelty every now and again. But if you are jumping on every fad that comes along, this is going to end up getting very expensive. Don’t just get dazzled by the marketing and packaging of the product. And if you do buy it, keep it in a prominent place in the kitchen to make sure that you remember to use it once in a while!

Once you have asked these five questions, you should have a much better idea of whether you need an appliance and if it is going to add value to your kitchen.

SEE ALSO: 5 SPENDING RULES TO FOLLOW
5 APPROACHES TO MANAGING THE FAMILY'S FINANCES BETTER
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