taryneast comments on Low Hanging fruit for buying a better life - Less Wrong Discussion
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Upgrading barely-satisfactory household goods to better versions. Many such goods are bequeathed or obtained when the user can't afford better, and never replaced once they're in a position to do so.
Example #1: laundry apparatus. When I was younger and poorer I bought the cheapest laundry basket and airer I could get. They weren't very good, but I laboured with them for over a decade because they were satisfactory. A replacement set in my 30s cost me less than I would even notice spending, and vastly improved my laundry workflow and throughput.
Example #2: kitchen knives. It's alarming to me how many people think a bread knife and one other miscellaneous sharp knife constitutes a fully-equipped kitchen. If you spend any appreciable amount of time preparing food, and you only own one straight-edged kitchen knife you don't know the name of, you're almost certainly making life harder for yourself. Buy an inexpensive 5-piece block set and experiment with each type of knife on different foodstuffs.
Totally agree with kitchen knives - i really loved the ones I received as a gift for xmas.
To add to that - I'd also suggest a really good skillet (eg I have a scanpan one). One good skillet every ten years is much better than having to buy a crappy one every year after the teflon peels off (or worse, eating all that peeling teflon). Also consider a deep saute pan with a lid, if you do a lot of multi-meal cooking - it doubles as both big frypan and huge pot.
I recently realized that the price of the skillet is quite comparable to the price of meat being cooked in it nowadays.