1. Try reducing your "designer" coffee consumption to potentially save $1,000. In other words, buying a coffee grinder and grinding your own coffee can really reduce costs.
Calculation:
- Lets say you are purchasing your coffee from Starbucks at $4 per cup once a day and you do that as a quick pick-me-up 7 days a week. You are spending $28 / week on coffee, or $112 a month. Take that $112 and multiply it by 12 months in a year and you get $1,344 that you spend each year on your caffeine habit...
- Buying a coffee grinder, coffee pot, and a french press at a moderate price point will cost $150, give or take. Assuming you use up 2 pounds of coffee beans a month (which I think is on the high end, for ~$25/month) you spend $300 in a year. After the first year, you could save up to $1000 when you compare your $300 coffee bean expense to the $1300 designer coffee... In other words, you'd be so close to buying a Small Chloe Faye bag...
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| Photo Credit: Chloe |
- Non-cold turkey option: Do a blended approach of making some coffee on some days and not on other days.
