# The True Monthly Cost Of An Appliance

There is no way a freezer costs \$10-15/month … to run. Itâ€™s more like \$3-4.

This was in response to my statement that the cost of owning and maintaining the deep freeze is about \$130 per year, or about \$11 a month. I came up with that figure by calculating both the electricity use of the freezer (\$75/year) as well as prorating the cost of the freezer (\$450/8 years, or \$56/year). Add those together, and you end up with that \$11 a month figure for the cost of owning and operating the freezer.

You can do similar figures on nearly any appliance or device in your home. Our television is on its last legs (bright blue spots are appearing on the screen and starting to obscure things). We bought it for only \$150 six years ago, which we use for 2 hours a day, actually costs us about \$9 a year in electricity. So, we pay \$0.75 a month in electricity, but we’re also spending \$2.08 per month for the actual cost of the television, bringing our monthly bill just to have that television in our home up to \$2.83 a month.

Some will undoubtedly state that this isn’t a fair way to look at the cost of things, because once you’ve paid for the item, the cost of the prorated usage is basically free. I actually feel that’s a terrible way to look at it, because it makes the appliance cost appear as “special” costs that will make you hit the credit card or tap the emergency fund when an appliance goes out, and it also creates some skewed calculations when buying an item.