Cutting the Cost of Knives -- Savings Experiment

If you're handy around the kitchen, you know that a good set of knives is essential, but which kind of cutlery offers the best value?

There are a wide variety of options when it comes to knives, but if you're in the market for one all-purpose tool, you'll want to go with a good chef's knife. This item can cost you around $100, so keep that in mind when you're shopping. One of the most popular brands is Wusthof, which can often be found on sale at retailers like Macy's.

Ceramic knives are becoming more popular in kitchens today because they're sharper and wider than their steel counterparts. However, ceramic knives are fragile and can get damaged in the dishwasher. Dropping your knife can commonly result in a broken tip, as well.

Meanwhile, the average cost of a ceramic knife set is $250. With that price tag, you might as well invest in a high quality set of forged stainless steel knives. Sure, you'll have to get them sharpened every few years, but a good set can last up to two decades.

When shopping for a set of knives, try going in person so you can feel out the weight and grip of various handles. Then, once you've narrowed down the brand and type, you can search for a deal online. If you can wait, try shopping around major holidays when large department stores often have home sales. You may be able to cut your costs even more by doubling up on discounts.