When it comes to cooking tools, Palmer thinks a few expensive purchases can really pay off. "I always splurge on this," she said. "You can save so much money by cooking at home."
Add the health benefits of home cooked meals over restaurant food, and a splurge that makes cooking fun is a good investment.
Palmer's go-to kitchen indulgence is a Nespresso coffee machine. She said that she has more than recouped the cost of the appliance by forgoing $4 lattes. "I think it saves time too," she said, noting that, in the time it takes to get to the coffee shop, wait in line, and get her order, she could be sitting in her kitchen enjoying a good cup of homemade coffee made just the way she likes it.