Is out-of-date tech costing you? Although we are all turning to technology to make our lives easier there are still hidden high costs involved
In a world where the next latest life-changing innovations are just around the corner, we are all turning to technology to make our lives easier. But for one reason or another, be it cost implications or a lack of knowledge around new products, many of us still rely on obsolete technologies that could actually be costing you more than the latest innovation on the market.
From personal safety considerations to the cost implications of maintaining out-of-date tech, there are so many potential costs to clinging onto your old appliances. If you think you might be guilty of this, read the following five ways they could be hitting you in the pocket, and consider our simple solutions to save money with your household tech.
When it comes to old technology, there is no getting around the fact that it is more likely to go wrong. With older parts being used to create the products, combined with the general deterioration of these materials over time, relying on out-of-date technology will undoubtedly keep setting you back with repair costs. What’s more, depending on the type of technology, many manufacturers will no longer provide guarantees or even the replacement parts needed should you require a repair, which can leave you in a precarious situation.
Safety risks and security issues
When it comes to electrical appliances around the home, outdated technology can become a safety hazard over time. Worn out wires, broken hardware or faulty electrics can pose a risk to your personal safety as well as your property. Looking to save money by buying second-hand appliances can be particularly costly unless you’re certain that they’re of good quality, as you’re less likely to be covered by a warranty.
When purchasing second-hand computers and other digital devices through non-official suppliers, your security can come under threat, as well as your safety. Scammers may be using spyware or keylogging technology to track your digital movements, potentially compromising personal information such as your banking details and passwords. In this way, out-of-date technology can cost you far more than the initial purchase price.
Since the beginning of the pandemic, more people than ever before have been forced into setting up a home working office. This shift to more remote work depends heavily on technology to keep companies running smoothly. When using out-of-date tech when working from home, you are far more likely to encounter issues which could be more difficult to fix,
particularly when the IT team isn’t on hand on the floor below.
A stubbornness to invest in more modern technology could not only cost you personally, with a lack of productivity hindering your professional progression, but it could also cost your employers valuable time and money.
What’s more, investment in technology in the workplace has shown to boost employee’s morale, motivation and productivity. In fact, research suggests that workers spend more time waiting for old technology to respond to their commands than they do on annual leave. Not to mention longer waiting times can be frustrating, which can drastically hinder the well-being of the workforce.
Sustainable technologies are becoming increasingly popular in modern society, with global warming becoming a particularly pressing issue. However, people who still rely on outdated technology could be causing more harm to the environment than modern users, with many old gadgets and appliances designed without sustainability in mind.
For example, research suggests that using a new, certified dishwasher will save you 3,870 gallons of water over the course of the appliance’s lifetime. But continuing to use old household items beyond their sell-by-date isn’t the only way they can cause harm to the planet. If you do finally decide to get rid of a product, failure to dispose of it properly can be seriously detrimental to the environment as well as your pocket.
Not only could fly-tipping earn you a hefty fine, but many components of old appliances like fridges and freezers can harm the environment. This is why they need to be disposed of properly and taken to a recycling facility. Alternatively, when purchasing a replacement, most manufacturers will take away the old model upon request, but make sure to check in advance to avoid being stuck with two hefty fridges.
Higher household bills
The final and arguably most obvious cost of your out-of-date technology is the general lack of efficiency, which can ultimately mean you are paying way over the odds on your household bills. Modern innovations and technology allow everyday household appliances to run far more efficiently than older models, which not only is good for the environment but also your wallet.
More efficient appliances means less energy is being wasted, and when you count all of the out-of-date technologies in your home, you will soon see how much energy and money could be being saved. For instance, boilers are given an efficiency rating on a sliding scale from G to A, with the latter being the most economical. According to research, replacing an older G-rated boiler for a newer A-rated model could save as much as £570 off the household bills of a detached home every year. Whilst replacing boilers can be expensive, the savings in the long term clearly represent better value for money than sticking with an older appliance.
When it comes to heating your home, other modern technologies can also be used in conjunction with your new boiler to help bring down your annual household bills. This guide on how to save energy around the home recommends monitoring your energy usage with the help of a smart meter which can more accurately measure your consumption, instead of using local averages.
Energy suppliers see this approach as the future of measuring energy use, and they intend to offer a smart meter to every home in England, Scotland and Wales by the end of 2024.
To sum up
Whilst sticking with your trusty old technology might seem the more economical option, in the long run, ditching old for new will always be the more sensible approach. With newer innovations becoming more and more energy efficient, and more often being designed with the environment in mind, not only will your money go further, but you will be doing your bit for the planet, too.
When you add up the potential impacts of your old devices on the environment and also your general well-being, the costs of your out-of-date technologies can quickly add up.
Article contributed to warmzilla.co.uk by Pauline Davis.