This will also mean that you’ll be accruing interest over time. You could try investing the money monthly in a savings account for a year and may be surprised by just how much you were spending. You can still treat yourself to a coffee now and again, but if you work out exactly how much you’re spending, you’ll likely be tempted to cut back. Instead of buying coffee daily, you may like to save the money and invest it. If you give up coffee completely, you’ll be able to save the full $1000. If you make the switch from buying takeaway coffee to brewing your own coffee before you leave the house in the morning, this will save about $820. While if you buy a coffee on your way to work, five days a week, that’s $20 a week or a staggering 1000 dollars a year. Let’s say you buy coffee and make it yourself at home, which is the cheaper option. So you can see that cut out your coffee habit will save you a lot of money. If you’re grabbing a coffee from a retail store on your commute to work, you’re likely to be paying about $4 a cup. That’s if you’re buying coffee to make at home. The cost of premium coffee is around $15 per pound. We’ll also look at some investment ideas that will help you save the money you would have spent on coffee. This article will look at the cost of buying premium coffee for one year and may motivate you to give up coffee. Although caffeine is an addiction and most people enjoy their daily cup of latte or cappuccino, reducing your coffee intake or completely giving up coffee may be a wise idea. Many people buy coffee daily on their commute to work, and over time the amount of money they spend can add up to hundreds of dollars.
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