So how much exactly should you spend on coffee per day, week or year? Now, no one is saying anyone’s got to give up their caffeine habit, but there are certainly ways to lessen the financial jolt. If you invested that $250 each month and the money earned an annualized interest rate of 5 percent, you would have a little more than $208,000 in 30 years. What’s more, that coffee money isn’t being invested and reaping the rewards of compounding interest either. You could do so many things with that money,” she says. Tatem points to one client who used to spend $250 a month at Tim Hortons. “You know, if you get one of those a day, it really adds up.”
Coffee shop monthly expenses how to#
“A Starbucks freak’n latté is, like, $4,” says Liisa Tatem, a money coach in Toronto, who helps clients learn how to tackle their finances. So much so, that some financial experts have given it a name: the “latté factor.”
Coffee shop monthly expenses plus#
(Only 67 percent of respondents said they’d had a glass of tap water the day before!) 8 Things You Should Always Buy At Costco, Plus 3 Little-Known Secrets To Save You MoneyĬoffee is a $6.2 billion industry in Canada, and for some java drinkers, it’s doing serious damage to their wallets long-term. According to the Coffee Association of Canada’s 2017 coffee drinking study, when Canadians aged 18–79 were asked if they’d had coffee the day before, 71 percent said yes - making it the most popular beverage in the country. After all, we are a nation of daily coffee drinkers. We drew the line at actually giving up coffee altogether, and I’m pretty sure most Canadians would make the same decision. Expensive locally roasted Ethiopian beans for home? Those too. Those $3.09 Americanos at the local coffee shop? They had to go.
But while in the midst of a pricey home renovation this year, we knew we had to find ways to cut the fat to pay the bills. Saving cash on coffee? I’ll admit, this is new for me. One of the local grocery stores had been advertising big tins of coarsely ground coffee beans, perfect for a French press, for a mere $7.99 - almost half of the $16.99 regular price - and we had previously vowed to grab a few. “Ah, man! I think we missed the sale,” Dave said, turning to the calendar on the fridge.
A few weekends ago I was hanging out in the kitchen, enjoying a morning coffee with my husband, when he suddenly yelped.
0 kommentar(er)
