Is it Smart to Invest in Smart Appliances? -- Savings Experiment

As our devices get smarter, our appliances are starting to catch up. Smart appliances actually work in similar ways, by doing tasks for you so you don't have to. But is buying a smart appliance a dumb investment? Let's look at the pros and cons.

First, a great advantage to smart appliances is their energy savings. Smart machines like dishwashers, water heaters and thermostats are especially good at reducing energy usage. Some of these devices can even determine the best time to run base on electricity peak hours on your grid. You'll quickly see the savings on your electric bill.

Next, while some smart appliances are worth buying, you may want to hold off on others. Machines like refrigerators, ovens, washers and dryers have also been given the energy saving treatment, but in some cases you're paying for extra features that can be done just as easily with your smartphone. For these gadgets, do a little more research before you buy.

Before you buy a smart appliance, consider if it has features you'll be using in the long run. By smartening up on these devices, you'll be sure to make a wise investment.

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