Every time we save even 10 cents we are closer to paying off debt, saving, and preparing for future challenges and needs. No savings is too small. Saving 10 cents a day equals $36.50 a year. It all adds up. Let’s consider cooking.
What does food prep really cost?
A small burner is 18 cents per hour, with the large burner double that amount.
An electric skillet takes only 14.4 cents per hour.
A microwave oven between 24 and 29 cents per hour.
A slow cooker: 2.4 cents an hour.
A large oven: 43 cents per hour.
Blender: 8.4 cents per hour
Coffee pot: 11 cents per hour
Dishwasher: 43 cents per hour
Toaster: 11 cents per hour
Toaster oven: 13 cents per hour
Money Saving in the Kitchen
A small burner on your stovetop costs 18 cents per hour, a large burner 36 cents per hour, and an electric skillet only 14 cents per hour. A skillet is also usually larger, and you can cook more food at the same time, further reducing the amount of time it would take to cook the same foods on a stove.
A slow cooker costs only 2.4 cents an hour. You will cook longer in the slow cooker, 6 to 8 hours. It would cost you 14.4 cents for 6 hours in a crock pot, while it would cost 18 cents for just a half hour on the range. If you were using more than one burner to cook the same foods as the crock pot, it would cost you 27-38 cents for a half hour on the stove.
Using the oven on your stove costs about 43 cents per hour. The microwave is only 29 cents, but a toaster oven is only 11 cents per hour. If you are using the oven for one menu item, plan all your dishes for oven cooking that night.
You only need to preheat if you are baking, and the recipe takes more than 30 minutes to bake. You should, however, always preheat when baking yeast bread.
Every time you open the oven door hot air escapes, and the temperature goes down 20 degrees. Now, you need to cook longer since it takes time for the oven to come back up to the correct temperature. Avoid the temptation to sneak a peek, use the light and window in the door instead.