Like so many other people, putting up the new calendar draws my thoughts to making the new year better than the last. It’s about making the most of what I have and planning for the future. I assess my waist size and determine whether commitment to a new exercise and diet plan is necessary. I wonder if I need to revisit my retirement savings and shuffle a few dollars around. With pen and paper, I start my New Year’s resolutions.
Next on my list are things that need replacing. Can I squeeze another year out of my car or will the wheels drop off? How about the refrigerator? Sure, it sometimes freezes the fresh produce drawer, but at least it works. What about the furnace? It only broke down once the past year. Can I save some money by buying a case full of light bulbs to last the next 12 months? That’s when it hits me. Other than reliability, what opportunity do these things have in common? Efficiency!
New refrigerators and freezers use only one third of the energy that my old unit uses. Also, a new energy efficient refrigerator eliminates the need for an ice pick to eat my iceberg lettuce. The money saved from replacing our old furnace system with a high-efficiency geothermal heat pump system will pay for itself in just a few years and provide an extra couple of thousand dollars of savings each year thereafter. By swapping out LED lamps for my most-used incandescent lights, I not only save a few dollars per light socket, due to the longevity of LEDs I won’t have to replace them for many years to come!
Now what should I do with all that money I will be saving? Maybe it’s time to get a different car before its wheels drop off!