Coliving Settl

Time and money-saving smart home technology

August 14, 2023


With the recent rapid improvements in technology, conventional homes have become “smart homes,” which provide advantages in terms of convenience, effectiveness, and cost savings. Modern technology connected to smart home gadgets enables users to remotely operate numerous systems and appliances using their smartphones or voice commands. These tools not only make daily work easier, but they also contribute to long-term energy and financial savings. We’ll look at some of the best smart home appliances in this article that can help you save time and money.

1. Smart Thermostats : 

Heating and cooling systems are one of the major sources of energy use and utility costs. Your daily routines and preferences are taken into account by smart thermostats like Nest, Ecobee, and Honeywell Lyric, which then adjusts the temperature to minimise energy use. These gadgets automatically change the temperature to save energy and money when you leave the house. Additionally, you have remote access to the thermostat, allowing you to maintain a comfortable house 

while you are away.

2. Energy-Efficient Smart Lighting :

Smart Lighting that Saves electricity: Traditional incandescent bulbs use a lot of electricity and frequently need to be replaced. Energy-efficient LED bulbs are used in smart lighting systems like Philips Hue and LIFX, which can be remotely controlled with smartphone apps. They can be integrated with motion sensors so they only illuminate when necessary, or you can programme them to turn on or off at certain times. Smart lighting solutions can eventually save you a lot of money by decreasing wasteful energy use.

3. Smart Power Strips : 

Energy vampires, often referred to as standby power, are instances in which electronic gadgets continue to consume power even when they are off or in standby mode. This issue is resolved by smart power strips that automatically turn off the power to idle devices, including the TP-Link Kasa and Belkin Wemo. These power strips prevent electronics like televisions, PCs, and game consoles from using electricity when not in use, which lowers energy expenses. They also allow you to set power cycles.

4. Smart devices that conserve water : 

Water waste is a common problem in many homes, resulting in expensive water bills and unnecessarily putting a load on the environment. Water conservation is made easier by smart household appliances like the Moen Flo and Rachio smart sprinkler controllers, which track usage and spot leaks. They provide you the ability to remotely regulate watering schedules, which they then automatically modify dependent on the weather. These gadgets reduce water waste, which helps with water conservation initiatives while also saving money.

5. Smart Appliances :

Modern smart appliances have energy-saving features and automation possibilities, including smart refrigerators, washing machines, and dishwashers. Some versions can even be connected to the smart grid in your house, allowing you to benefit from cheaper electricity prices off-peak. You may reduce your energy costs while still enjoying the comfort of having these appliances work when needed by using them during times of lesser demand.

6. Smart Home Security : 

A complete smart home security system can reduce your insurance costs while also giving you piece of mind. You can watch your house remotely and get prompt warnings of any suspicious activity thanks to smart security cameras, motion sensors, and doorbell cameras. Furthermore, some insurance providers provide discounts to households who have put in place these cutting-edge security systems, potentially resulting in insurance cost reductions.

7. Smart water heaters : 

A large amount of household energy use is used to heat the water. Rheem EcoNet and GE GeoSpring are two examples of smart water heaters that can learn your hot water usage habits and modify the heating schedule accordingly. Additionally, because they can be managed remotely, you can turn off your water heater when you’re not using it, saving energy and money on your utility bills.


The variety of time- and money-saving technologies is expanding as smart home technology develops further. By making an investment in these smart home gadgets, homeowners may drastically cut their energy usage, maximise their utility usage, and ultimately save money over time. These technologies’ efficiency and convenience help people live more sustainably and environmentally conscientious lives while also making daily tasks easier. Adopting smart home technology is a step towards a connected and effective future as well as a wise financial decision.

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