How much electricity do your electric curlers gobble up while they’re heating up? What about your iron or your food processor? In this day and age, it pays to know how much electricity your appliances and devices are consuming. The good news is that there’s now an easier way to do it: with Plug2Know.

Plug2Know looks like a surge suppressor outlet, only it’s not. Instead, it will show you the energy that each of your plugged devices consumes based on your current usage. It’ll help you with energy cost awareness and hopefully inspire you to live a life that requires less electricity to run it. A series of LEDs on the top of the device provides feedback as to energy usage. An included chart helps you identify the rough monthly cost for whatever is plugged into it.

Cymbrio, its creators, claim that earlier testers of Plug2Know were able to cut back on their electricity bills by up to 50% after using the device.

Whether you want to save money or are just curious about the energy consumption of your plugged devices, the Plug2Know can lend you a hand. It’s also extremely easy to use: just plug it into the socket, and plug in the appliance or power strip into it and you’re all set.

Plug2Know provides you with specific, personalized information about your projected energy use so you can take steps to eliminate waste, reduce consumption and save money.

Plug2Know is currently up for funding on Kickstarter, where $20(USD) will get you one of your very own.