Systems and methods for recommending purchase of a new smart appliance are described. The method includes receiving operational information relating to a first smart appliance. The method includes predicting, based on the operational information, a future date by which the first smart appliance will be required to be replaced by a second smart appliance. The method includes estimating, based on financial history of a user, a budget capacity for the user to purchase the second smart appliance. The method includes determining, based on the user's budget capacity and a predicted operating cost of the first smart appliance, a recommended date to purchase the second smart appliance. The recommended date is no later than the future date. The method includes providing the estimated budget capacity and the recommended date to the user.