“Save years of mortgage payments for the cost of your daily cup of coffee?”
“Give up your daily cappuccino and retire years earlier?”
Giving up your daily cup of coffee could help to solve your financial problems. Since the credit crunch began last year, everything from summer holidays to superanuation contributions has been squeezed as we all tighten our belts.
Should your daily cappuccino be the next sacrifice you make to sensible spending? How much does your caffeine addiction actually cost you?Is there anything you can do to cut your coffee costs – without having to give up your daily caffeine fix.
It certainly pays to be aware of your “daily cappuccino factor”. Calling into a coffee shop each day can cost a small fortune over a year……..without you really noticing.
A cappucino or Latte can cost anything from $2.95 to $5.50 depending on were you buy.
The local markets and mobile coffee van are no cheaper either So if you buy two cappuccinos per day on average at say $3.95 each that would be $2883.50 per year. What could you do with that amount of money? Put it into a savings account and increase its value by another $200 per year on average? Or increase your super contributions?
You could save 1000s of dollers off your mortgage over 30 years.
You could of course consider simply cutting back. By indulging on three days per week instead of seven, cappuccino-lovers could save $1643.2. Alternatively, indulging with just two takeaway drinks per week would keep an extra $2472.70 in your pocket
Alternatively, you can, of course, buy your very own coffee maker. There are many amazing bargain best coffee makers to be found.
From my own experiance I can highly recommend the DeLonghi Magnifica range of Automatic Coffee Cappuccino Machine. They are high quality Italian made and would save you about $3.30 per cup and….. you wouldnt have to get in line! Click here to see the latest offering from Amazon.
Ken Slater
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