Thursday, March 20, 2014

How to Budget Your Coffee Expenses


Coffee is a habit that can get expensive. The average person spends around $1,100 annually on coffee, which comes out to $3/day.  This is mostly due to purchasing coffee from shops instead of brewing it at home. Also, purchasing fancy drinks like lattes and cappuccinos cost more to make even if you make it on your own. 




Here are some tips to making sure your coffee addiction doesn't take a toll on your wallet:
Brew Your Own
 This is the cheapest route. Although it is more convenient to have someone else brew your coffee, you are paying for it, literally. Coffee-makers are super cheap and within a week it will pay for itself.  If strength is what you’re looking for, stick to dark roasts. If that’s not enough, there is a coffee brand called “Death Wish.” It is the world’s strongest coffee, at least twice as strong as any other coffee out there. 

Coffee Over Cappuccinos
Coffee is much cheaper than fancy drinks like lattes and cappuccinos. Even making them at home. A cappuccino maker is  ten times the price of a coffeemaker.

 Where To Buy
If you can’t brew your own and want the most bang for your buck, Starbucks has the strongest coffee out of the coffee shop chains. A Venti (large) runs under $2 which falls under the average annual coffee budget.

Have A Coffee Budget
An easy way to do this is to get a coffee card, like at Starbucks where you can refill it every week to make sure you don't go over your budget. Another way is to have a "coffee fund" where you just throw in a dollar or two when you have it and and pull from there.

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