The EnergyGuide label on new refrigerators will tell you how much electricity in kilowatt-hours (kWh) a particular model uses in one year. The smaller the number, the less energy the refrigerator uses and the less it will cost you to operate. In addition to the EnergyGuide label, don't forget to look for the Energy Star label. A new refrigerator with an Energy Star label will save you between $35 and $70 a year compared to the models designed 15 years ago. This adds up to between $525 and $1,050 during the average 15-year life of the unit.

The importance of high quality knives can't be stressed enough! Buy the best you can and expect to spend some serious money. It is better to buy a couple of excellent knives and slowly add to your collection rather than buying an entire set of low quality knives. Start with a chef knife and paring knife. You will also want to buy a sharpening steel.

An outdoor kitchen can help you slow down and spend more time with family and friends by putting all the ingredients for outdoor dining close at hand. It can be as simple as a storage cabinet for cooking gear or as ambitious as a full kitchen with grill, refrigerator, sink and eating area. Either way, your yard will gain an outside "room" that's a natural gathering spot.