The Ninja Foodi is one of the best kitchen appliances you can own. It's like an Instant Pot and an air fryer in one. Rarely on sale outside of major holidays, you can get the Ninja Foodi for as little as $50.

Amazon is currently offering the Ninja Foodi for $129. That's a $50 discount and the cheapest Ninja Foodi deal since Cyber Monday (when it dropped to an all-time low of $124).

The Ninja Foodi is a 7-in-1 air fryer and pressure cooker. This means it can be used for slow cooking, searing, sautéing, and frying perfect batches of French fries. As far as equipment goes, it is on the short list of Best Air Fryers. [After cooking a whole chicken in pressure cooker mode, you can switch to the Air Fryer lid (lid sold separately) to wrap the chicken in forced air, crisping the outside of the skin and keeping it moist on the inside.

Alternatively, the lid can be switched to pressure cook rice with vegetables on the bottom of the appliance on the pressure cook setting before air frying to complete the dinner, and then place the chicken breasts on the top rack for a single meal. The possibilities are endless, and while this appliance sounds too good to be true, it really is a must-have for every home cook.

We're rounding up the best July sales all week during Tom's Guide's special summer savings event, so keep it locked to Tom's Guide for more deals.