There’s nothing like a delicious cup of coffee to jumpstart the day. But if this is something you make a habit out of, have you ever thought about how much the cost adds up? This will vary based on a lot of things, such as how many cups you have, how often you drink coffee, and whether you make it at home or if you buy it at a café. The national average is approximately $1.38 per cup, so based on that amount, you might be spending more than $500.00 each year on coffee if you have just one cup a day. If quitting or cutting down simply aren’t options, there are still ways to save money while also getting your daily caffeine fix:
Saving at coffee shops
If you find that you’re frequently getting coffee on the go, there are ways you can cut back on costs. If you’re loyal to one particular coffee shop or chain, find out if they have a loyalty card. With frequent purchases, you may be able to take advantage of certain perks, such as complimentary refills, discounts, and even free coffees. Many coffee shops will also charge you less if you bring your own cup. And don’t forget to regularly check their website, social media accounts, and your local newspaper for coupons.
Make it at home
One of the easiest ways to cut down on your coffee expenses is to make your own at home. If you’re already making your own coffee at home, there are ways you can cut down your costs even more. If you’ve been purchasing coffee at cafes, consider cutting down or stopping altogether and brewing your own.
Purchase in bulk
Ground coffee is an item that’s great to purchase in bulk, as it has the potential to last a very long time. You’ll just want to make sure you store it properly and in an airtight container to prevent it from spoiling.
Get creative with flavors
Fancier names and heftier price tags don’t always mean better tasting coffee. Exotic flavors, whether you make your own or buy it at a shop, always tend to run a little more than your plain cup of joe. But you can give a plain brew a little extra zing with some simple, inexpensive additions. Toss in some ground cinnamon, cocoa, nutmeg, etc. and turn that basic coffee into a gourmet treat.
Grind your own
When it comes to making your own coffee at home, you’ll save money by purchasing whole beans and grinding them yourself, instead of purchasing pre-ground coffee. You’ll have to buy a coffee grinder, but if you make coffee often, you’ll recoup the cost in no time. And many coffee lovers find that you get the tastiest coffee from grinding your own beans and brewing immediately.
Are daily expenses and monthly bills adding up? If you’re a recipient of an annuity or structured settlement payment stream, there is no need to wait for your periodic payments to arrive. Instead, consider selling some or all of your future payments and receiving your money sooner in one lump sum payment. Contact Peachtree Financial Solutions today to find out how you can sell future payments for cash now!
Nothing above is meant to provide financial or tax advice. You should meet with appropriate professionals for such services.