It’s tempting to only look at the price tag when shopping around for new whitegoods, but do you stop and think about how much your home's appliances will cost to run?
When on the hunt for a new appliance like a fridge, washing machine or TV, the price tag is normally the first thing we look at – and rightfully so.
That is usually followed by figuring out what you’ll spend to run the appliance once in your house. And that can be the tricky part.
Whether you’re hunting around for something new in-store or online, here are three questions to ask yourself:
1. Based on the star energy rating of the models you’re looking at, how much will each one cost to run per year? Look at the kWh per year in the middle of the sticker and then multiply it by your current kWh rate on your bill.
2. How many years does the manufacturer expect the appliance to last for?
3. Once you add the purchase price and the costs you can expect to pay to keep it running over its lifetime, which one rates as the most affordable?
Let’s break down the four most common appliances in Aussie households.