25 Gadgets That Actually Save Money

It's not always high tech stuff that saves time and money. The Simple Dollar

Where does the money go?

Interesting data from the US Bureau of Labor statistics shows that $2194, or 5% of the average households' annual budget, was allocated to tech spending in 2005. Interestingly, this is more than household outlays for health insurance and apparel. Also interestingly, this represents a 25% decrease in spending from 1999. Talk about bang for the buck! We all benefit from more services and more powerful devices, but for less money... You gotta love tech.

Not surprisingly, the vast majority of tech spending — more than 75% — is for subscription services. Telephone, Internet, Cell Phone, and Cable / Sattelite TV.

iLife '08: for procrastinators

iLife 08 wowed me, and here's why:

It made me glad that I procrastinated on organizing my thousands of iPhotos and that i procrastinated on learning iMovie.

I knew that organizing my iPhotos was a time sink so I just never got around to it. Ditto to using iMovie. Although intuitive, I could see that it would take hours upon hours of diddling to make even a short movie.

From what I've seen, I'll be using iMovie for the first time as soon as I buy iLife 08 (even though I've owned the older versions for over 5 years) and I'll be able to organize my iPhotos in the matter of an hour or two instead of half a day.

It may not be a killer app, but the time savings and modest price make it a vicious app.

Tech Zeitgeist

Well it’s 7 years after the year 2000 so maybe we’re just a wee-bit late...but just only.

The past few weeks have seen the introduction of the Transformers movie and the iPhone. These technological masterpieces are the things that people have hoped for in the past and have just now come to fruition. These things – along with hybrid cars, the Nintendo Wii – are the things that people will literally wait in line for. Amazingly, all these things which were not long ago part of the realm of science fiction, while not cheap, are remarkably accessible. Technology: where the proof is in the pudding; and the pudding is delivered.

Am I overstating things? I don't think so. Think about the things that people went mad over in the last few decades: The Beatles, Cabbage Patch Kids, etc. Tech is now. Now is tech.

Good deals on cables

One of the biggest retail rip-offs are cables. I'm talking HDMI cables, USB cables, Firewire cables, etc. I would think that most people know not to buy these cables at retail outlets such as Staples, Best Buy, Circuit City, and the like. But this simply isn't the case, since they still are able to sell them at 1400% or 1500% markup. That wasn't a typo. Cables can routinely sell for $20-$40, but fortunately they can be found for much much less at places like eBay and Firefold. If you need a cable, do some research on the web and you can score 75% off.

An inconvenient falsehood

Ostensibly, the hybrid car would be a thrifty thing. Gas is expensive, hybrids save gas, therefore hybrids save money. Right? Maybe. While it's indisputably true that hybrids burn less fuel than a comparable conventional car, what wasn't as clear were the environmental and financial benefits of owning a hybrid car.


One of my major initial questions have been answered over the past 6-7 years: How long do the batteries last?

Apparently a long time. Some people had feared that the huge hybrid batteries would have to be replaced every 3 or 4 or 5 years making hybrids of dubious environmental value; substituting one consumable (gas) for another (Nickel hydride batteries) isn't necessarily of environmental benefit. But Toyota reports that nary a Prius' battery has had to be replaced for "wear and tear". Hybrid powertrains and batteries are now of proven durability and are clearly beneficial to the environment.


Hybrids were also of dubious financial benefit for the owner, gas savings notwithstanding. Back-of-the-napkin calculations reveal:

Assuming a hybrid civic (or prius) gets 55 mpg, $3 gas, and driving 15,000 miles per year: $820 is spent on gas for the hybrid driver. Assuming a conventional civic (or corolla) gets 35 mpg, $3 gas, and 15,000 miles per year: $1285 is spent on gas. Therefore, over a period of 5 years (with $3 gas), the GAS dollar savings only amounts to about $2400.
And keep in mind that's with $3 gas. If gas is $2.75 or $2.50, the dollar savings would be even less.
Meanwhile, last time I checked, hybrid models still cost $3000+ more than an equivalent conventional model... so hybrids probably cost MORE money. If there are savings over 5 years, they would be minimal.


An interesting phenomenon was the outsize influence and attention paid to hybrids by hollywood celebrities and the press. As everyday vehicles, hybrids were a blip on the auto sales chart. Because of their dollar cost, hybrids competed not so much against other cars, but against environmental charities... (Should I give $1000 to greenpeace this year or should I spend an extra $3000 on a Prius?...)

Today, despite the expiration of US tax credits on the popular Prius, it probably pays in the long-run to buy a hybrid both for financial and environmental benefits. But the point is exaggerated in this Toyota Prius commercial. I think Toyota overplayed their hand here. They now have a very convenient truth in their Prius: It's great for the environment and you pocketbook. But by being overzealous, they have contributed another piece of false advertising.

Thoughts on Apple's "Thoughts on Music"

Steve Jobs posted a surprising, but not shocking treatise on music DRM (Digital Rights Management) on Apple's website on February 6, 2007.
Much has been made of Steve Jobs/Apple's recent treatise of DRM'd music. Specifically, many pundits (ahem, Molly) seem to be wary of Apple's denouncement and are taking a cynical stance on it; it's hard to believe that Apple would be taking a pro-consumer stance on this issue.

I personally believe Mr. Jobs/Apple's declaration against DRM at face value simply because the consumers' interest and Apple Inc's interests are aligned in this instance.

Thanks to CNET's Buzz Out Loud podcast
, we know that consumers benefit from un DRM'd music. No need to explain anything further here.

What is a little less obvious is that Apple would ALSO stand to benefit from repealing DRM at this stage in the game. Here are a few reasons why:

1. Being "trapped" in Apple's fairplay isn't the main reason for stellar iPod sales:
Over the past few years the vast majority of iPod sales were to first-timers. Furthermore, the vast majority of repeat iPod buyers only have a few dozen DRM'd tracks on their iPods. The conclusion that Apple has reached at this time is that they DO NOT NEED DRM to be successful in the PMP market. Apple's near-monopoly is not due to their DRM scheme at this time. People aren't "locked in" to Fairplay. They're "locked-in" to the iTunes' and iPod's convenient interface. Sure, Apple's market share will drop, but it will drop DRM or not; there's no place to go but down when you're at 80% market share. Besides...Apple has other ways to lock consumers into iPods: hook-ups in many new cars, numerous accessories, NIKE + iPod, etc.
By dropping DRM, the iPod platform opens up and becomes more inviting to people on other platforms...people who made the mistake of purchasing a Dell DJ or Rio player, for example.

2. People aren't stupid - DRM is restraining iTunes music sales. People still buy CDs to rip onto their computers because they don't like buying DRM'd music. The stats bear this out: fewer than 2 billion digital tracks sold while more than 20 billion tracks sold on CD in 2006.
Apple currently holds the proverbial large slice of a small pie. Apple wouldn't even mind getting a smaller slice if the digital download (dd) market increases in size. Let's say hypothetically that the dd market increases to 10 billion tracks sold annually and Apple "only" captures 5 billion tracks of sales. Apple would benefit from $250 million in gross margin in this scenario (assuming they net 5 cents / itunes track). That's a number even a company the size of Apple can not ignore.
At this point in time, the easiest way to grow the dd market (and iTunes sales) is to drop DRM. Apple is keenly aware (as noted in Stevo's recent keynote) that iTunes competition isn't Napster or Zune. It's Amazon, Target, and Wal Mart's CD sales. Dropping DRM is the competitive advantage that iTunes needs at this point.

There are a few other reasons for Apple to drop DRM, but the above are a few key points that behooves Apple to drop DRM for their own benefit...as well as the benefit of music lovers everywhere.

Power drain

Cnet gives a brief rundown on power consumption of a few common household appliances.

Here's a summary:
Assuming $0.10/kwh:
42 inch flatscreen TV: 5hrs on per day - $18 - $90 per year depending on the model.
Tivo: $30 per yr
Wireless router: ~$5 per year
refrigerator: ~$50 per year
washer $15 - $50 per year

Kodak: we make cheap ink!

I've been waiting for awhile now for someone to break the HP/Canon/Lexmark stranglehold on world-wide inkjet ink supplies. While everybody is griping about high gas prices and Exxon's record-breaking profits, the really expensive liquid in our lives goes un-noticed: printer ink. Gas is $2/gallon. What's printer ink at? $1000/ gallon?
Well there's very good news coming our way. Printer ink prices are coming down, and we don't have to invade a middle eastern country to do it.
Kodak is unveiling a new line of printers ranging from $150-$300. The big news is that the printer cartridges will range from $10-$15, or about half the cost of HP/Canon/Lexmark's inks. Depending on how much you use your current inkjet printer, the Kodak printers could be a good buy. For me, it will make sense to simply dump my current hp printer and buy a Kodak. The new printer will pay for itself in about 18 months with the savings from the lower priced inks.

Don't buy that new gadget

...unless you really need it. Just because it's the latest thing doesn't mean it's the greatest thing. An article at Yahoo Finance/the street addresses this topic:Do You Need a Better Mousetrap.

iPhone

The rumors were right and yet they were wrong. A video iPod, iPhone, and ultraportable laptop were all anticipated from Apple. But I don't think a single person expected that they would all be built into one slick device. In summary the iPhone is:

true web browser & true e-mail

iPod w/ music, photos, movies, TV

phone & text messaging

Aside from the true web browsing, all of the above are already available for other smart phones (e.g. Windows Mobile), so it isn't such a big deal right?
Well maybe, maybe not. The rationale behind the iPhone's design is solid, but let's see how well it really works. If it functions as advertised, the interface would add value to all of the above functions. If this is the case, it will be a home run.

Sidenote Rules

The utility Sidenote
for Mac OS is an absolute must. It is a little "drawer" that opens when you mouse over to the left edge of your screen. You can then type notes, drag and save images, etc. It supports multiple notes, but doesn't clog up your screen like the built-in Stickes app. As the clincher, it's guaranteed to fit your budget: it's freeware. So be thrifty, but don't be cheap. Throw a donation to the developer if you like it.

Feed The Pig

How is it possible to save money? Feed the pig.

"Show me the money!"

That's not likely to be what you say to a prospective employer at your interview or your boss at your job, but Payscale.com might change that. The site prompts you for basic info: job title, location, experience, etc. Then, with free registration, you can find out what other people like you make. Payscale does indeed show you the money.

Crashing

I've no problem crashing at a relatives' home or a friends' home while travelling. But a strangers' home? Yeah I'll consider it. Thanks for the tip, D. Go couch surfing.

Here's a brilliant commercial. It basically makes the point of this blog very concisely. Some might argue that it should've been a bunch of Priuses coming at you at the end, but still, the ad is very very well done.

Are you paying too much for rent?

Looking for an apartment? Wondering how much to spend for rent?
Rentometer is for you.
There's a line between being cheap and looking for apartments in the 'hood and being thrifty and just making sure you're getting a decent deal in the neighborhood you want to live in. Rentometer can help you whichever side of that line you're on. Simply type in an address, the type of rental (1br, 2br, etc), the rent you are paying/willing to pay and see actual rents nearby pop-up on a googlemap style map. If you've heard of better tools, let's hear 'em.

Some Phones Are Just, Well, Phones - NY Times
400 GB 7200 rpm internal hard drive for $99 - Hard drive prices are falling like a brick. Or is it bricks that fall like hard drive prices?

Google to Push for More Electrical Efficiency in PC’s- NY Times

Techie Cred? Maybe not. Thrifty Cred? Definitely.

So you wanna know about my cred, huh? OK. Here's a run-down:
PORTABLES:
My phone is a Sanyo SCP-4700 from 2003. It packs a vintage teal electroluminescent lcd display, backlit buttons, a handy red led indicator (see pic) to warn me of voice mail. It has more than a dozen built-in ring tones (including hits like Pachelbel's Canon), speaker phone, etc. The features go on and on, really. The size is handy too. It's far more solid than your RAZR! It's pretty amazing to consider all this was free after I signed on with Sprint PCS.

My iPod is a 3G 10GB from 2003. Received as a graduation present, it's still going strong.
COMPUTERS:
My wife and I have two computers. A 12" iBook G4 800 Mhz/640 purchased new in the fall of 2003. We also have a 15" G4 iMac purchased used off of eBay in the fall of 2005.
HOME ENTERTAINMENT:
Still rockin' an Aiwa 3 disc, dual cassette shelf system. (For the kids out there, the dual cassette decks were for dubbing tapes...sort of like copying MP3 files) We've got a Cyberhome DVD player/burner and a 20" Panasonic CRT standard definition TV. No TiVo or DVR.

That's it! How does your set-up rate?