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| May 14, 2009 02:13 PM |
Let's be modest and say someone goes to starbucks 5 days a week and gets a coffee that costs on average $6.
5x4 = 20 days, 20 days a month x $6 = $120/month, or $1,440 a year.
Source(s):
http://www.caffeinedependence.org/caffeine_dependence.html
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• Vendor purchases of coffee add up fast. Will you find the national average for the cost per month for an active coffee drinker?
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May 14, 2009 02:26 PM
I admit to loving me some coffee, Dave! But coffee costs me less than $25 per month, which is my allowance at Starbucks. I load up one of their cards at the beginning of the month with that amount, and have had as much as $8 left at the next fill-up. Since I only work at the desk job 3 days a week the allowance doesn't get touched as much as when I worked 5 days. At home, I trade with a neighbor who owns a restaurant - great coffee beans for our eggs, straight across. I suppose I could get into how much the grain to feed the chickens works out to per dozen, but that's variable dependant on the time of year.
Do I need coffee? Psychologically, yes. Drinking coffee is a strong tradition in my family, and there's a little mental/spiritual toast to my deceased father, aunt, and grandfather that goes with my morning brew. It facilitates a 20 minute day-organizing conversation with my husband while we drink a cup together. This also provides much-needed lap time for the cats, so everyone starts the day on a better note!
I'd go though a week or so of caffeine withdrawal headaches if I stopped cold turkey, but I can't say I need coffee physiologically. But I'm a happier person for my morning ritual!
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May 14, 2009 03:43 PM
25 dollars a month is 300 dollars a year, assuming no splurging. Assume you work 20 years that is 6,000 dollars. If you invested the money into the S&P 500 index and receive a 7 percent return annually average over 20 years. That is alot of wasted money.
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May 14, 2009 04:58 PM
I think waste is in the eye of the beholder, in this instance. I'll give up something else - and have! - before kicking the coffee habit.
Annual allowance for coffee - $300
Quiet morning discussion with my husband and cat, excuse to walk a mile on break to get coffee at desk job, and reflection on the coffee tradition in my family - Priceless!
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Annual allowance for coffee - $300
Quiet morning discussion with my husband and cat, excuse to walk a mile on break to get coffee at desk job, and reflection on the coffee tradition in my family - Priceless!
May 14, 2009 05:09 PM
Yes, waste is in the eye of the beholder. :)
Sure if you are struggling to put food on the table, $25 a month on Strarbucks would probably be unwise to say the least. But if you're not, the enjoyment and uplift of it might be considered well worth it.
Certainly a great cup of coffee in great surroundings does wonders for my morale and sense of well-being. So I'd even consider it an investment in my productivity. :)
My biggest beef with Starbucks is that it often doesn't deliver that experience as well any more.
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Sure if you are struggling to put food on the table, $25 a month on Strarbucks would probably be unwise to say the least. But if you're not, the enjoyment and uplift of it might be considered well worth it.
Certainly a great cup of coffee in great surroundings does wonders for my morale and sense of well-being. So I'd even consider it an investment in my productivity. :)
My biggest beef with Starbucks is that it often doesn't deliver that experience as well any more.
May 14, 2009 07:47 PM
It ends up being a little over $13,000 over the next 20 years... with the information Dave gave.
My husband and I were recently trying to figure out what we could cut out- I know this is off topic but technically speaking we don't need internet. That's $50 a month. If we invested that that's over $26,000 in twenty years. But we still won't give up our internet. What is life without a few luxuries? If you are over indulging, if your income can't handle it, by all means cut out the coffee, or the internet. But there's not going to much to live for if you cut out all the technically unnecessary stuff.
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My husband and I were recently trying to figure out what we could cut out- I know this is off topic but technically speaking we don't need internet. That's $50 a month. If we invested that that's over $26,000 in twenty years. But we still won't give up our internet. What is life without a few luxuries? If you are over indulging, if your income can't handle it, by all means cut out the coffee, or the internet. But there's not going to much to live for if you cut out all the technically unnecessary stuff.
May 14, 2009 04:34 PM
My mother is the only coffee addict here, and we never eat out. So, no fancy Starbucks stuff. Instead, I buy store-brand coffee grounds when I shop. If she kicked the coffee habit, it would only save us $5 a month. Yes, I get a /whole month's/ supply of coffee for her for less than what some people are paying for one drink at Starbucks. Ok, so it's not fancy drinks with foam on the top, but she's satisfied with it. I don't need coffee, and avoid caffeine, but at $5 a month it's a vice she can afford to have even on our budget. My fruit juices cost more!
Source(s):
Personal experience.
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True there was a time when I went to Starbucks that often, but I don't think it's typical of most people.