Buy a Freezer and Save Money

THIS is possibly the best money-saving purchase I’ve ever made. In fact, it pays for itself. Let me explain…

When I bought my family home in 2013, the integrated fridge-freezer wasn’t big enough. But rather than ripping apart our kitchen to install one of those huge American-style appliances, I went for a cheaper option. And, boy, what a good move that was.

Ladies and gentlemen, may I present the Beko Chest Freezer Model CF1300AP.

beko freezer

A family freezer equals cold hard cash

This beast cost under £300 (roughly $470) and it has paid me and my family back handsomely.

It sits in our garage and thanks to it we are eating better and living better.

In the old days we would pay full price for everything in the supermarket. Even if we saw a good deal on food, we’d usually have to ignore it because we had nowhere to store those tasty treats.

Well, not any more. These days my wife and I fill the trolley with products which are close to their sell-by date and have been put in the clearance section.

With a chest freezer, the supermarkets are a bargain-hunters’ paradise.

Earn some bread

I NEVER buy bread at full-price now. Every loaf is half-price or better. Sometimes they are pennies. I reckon the saving on bakery items alone has covered the cost of the freezer.

Then there’s all the expensive stuff that I never used to be able to afford. Succulent steaks and other mouth-watering meats are no longer just rare treats, now they are regular visitors in the MyRichFuture household.

Bulk up your bank balance

We’re also benefiting by cooking in bulk – something we never did before.

Every meal we prepare in batches and freeze, and this saves us money as well as energy costs.

If the oven is on, it’s being used efficiently, cooking several dishes at once, rather than just a single dish.

This also means as a family we are eating more healthy home-cooked meals.

Join the ice age

If you have the space for a bigger freezer, I can’t recommend one enough.

The only thing to bear in mind is if you’re planning on keeping it in a garage. Some freezers can’t handle the temperature changes of winter and summer, so look for a manufacturer who guarantee their products for garage use.

Are you a freezer fan? Do you own an appliance that saves you money? I’d love to hear your stories.

Simon Saves

I'm a national newspaper journalist for hire who has a passion for personal finance. Currently saving and investing towards my first million. All comments welcome. Follow me on Twitter: @MyRichFuturecom

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4 Responses

  1. weenie says:

    Hi Simon
    I’m a freezer fan and I too have a box variety that sits in the garage. It’s many years old so probably not very efficient but it does the job! I’ve always been a big fan but have probably made more effective use of it this past year to help with my food/grocery budget, eg buying meat in bulk. Don’t cook in bulk so much, maybe I should do so again.

    I was given a bread making machine two Christmases ago and I haven’t bought a single loaf of bread since then! Ok, it’s been easy not to buy bread because I’ve cut down on my carbs but I still like to eat toast at weekends and now I only use bread I’ve made myself. It’s good that I can experiment too, eg add my own nuts, seeds etc.

    Another thing that’s saved me money? My electric toothbrush! I can’t see it being a complete coincidence that my dental bills are a lot lower since I been using it consistently – I might write a post about that on my blog!

  2. Simon, Editor in Chief says:

    Hi Weenie, thanks for dropping by.

    I considered a bread maker before buying the freezer, but now reckon DIY loaves would cost more (in money as well as time and effort) than the bargain supermarket ones. Probably get one when I retire and make it one of my hobbies.

    I’m with you on the electric toothbrush. Like my shaver, it’s not the cheapest option, but it’s the best one for me.

  3. ermine says:

    We stacked a freezer on to of our existing fridge freezer – largely for the reasons you outline. Make sure you keep an eye on how much power it uses. A typical fridge freezer takes about 150W about half the time, which is getting on for 2 kWh per day, at 20p a unit that’s ~ £130 a year. Yours claims to be half this but most people’s fridge freezers I’ve measured come out about that in real life.

    I knackered the sensor in an old Zanussi I had by being dumb when defrosting it, and this sucker went up to 4kWh per day. I reached break-even point on the capital cost of replacing that bad guy within two years!

    • Simon, Editor in Chief says:

      Hi Ermine, nice to see you round these parts.

      You make a very good point about energy efficiency. New models certainly outperform older ones, and mine is definitely worth the electricity bill.
      I always do a quick calculation when buying A+ rated appliances to see if they are worth the premium in price over the long run.

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