June 27, 2019

15 Splurges That Save You Money in the Long Run

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Programmable Thermostat

A programmable thermostat can cost twice as much as a nonprogrammable thermostat, but Marc Andre, a personal finance blogger at Vital Dollar, said it can help you save money by easily reducing heating and cooling costs while you’re sleeping or when you’re not home.

You can save 10% on your heating and cooling if you have your thermostat programmed to be 7 degrees to 10 degrees higher or lower than your normal setting during the day when you’re not at home or at night, according to the U.S. Department of Energy.

“You can buy a programmable thermostat for about $50,” Andre said. “If you save $10 per month on heating and cooling costs, you can recover that cost in just five months and then save an extra $70 in the first year.”

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