Published on August 10, 2015 10:03 am, by Jen Bakker
I am a self confessed coffee addict. And so is my husband. I don’t like instant, I don’t like stove top and I don’t like percolated.
After years of pretending to listen to advice on quick win savings by working out how much you spend on things like your daily take away coffee, I finally stopped pretending. It was around the time our weekend take away coffee habit escalated to 3 cups a day (1 each per child under 8).
Current spend –
Some quick calculations on what we were spending gave us the scary total of $166 per week.
Annual spend $8,632. Figure breakdown for those interested is below**
Coffee machine outlay –
Year 1 Annual Spend (no service) – $1,930
Year 2 Annual Spend – $1,330
Year 3 Annual Spend – $1,330
New Current spend –
In the interest of full disclosure I will say that we each purchase one take away coffee per working day. So that adds $36 per week/ $1872 per year. However $1,872 + $1,330 = $3,202 per year and is a stack less than $8,632.
Annual spend $3,202
TOTAL ANNUAL SAVING $5,430
Run the numbers yourself. You might not be as addicted as me, but it’s not so hard to make some savings. We did recently upgrade to a bigger, better, stronger coffee machine, but we are still a long way ahead. And these days it disappoints me if I spent $4.50 on a cup of coffee and I can make it better at home.
Best purchase ever 🙂
**Calculations as promised –
Take away before machine purchase
$166 per week is based on $4.50 per coffee based on a large for him, regular with extra shot for me
5 between us per week day = $22.50 per day = $112.50 per week
6 between us each weekend day = $27 per day =$54 per week
Milk & Beans break down –
Lots of milk = $10 per week = $520
Bag of coffee (1kg) = $38 – purchasing once every 3 weeks = approx. $660
Jen is an experienced banking professional who loves wine, coffee, finding a bargain and of course her three beautiful children. Since Jen's first budget led her to buy a home at 20, Jen has passionately helped others to make better decisions with their money.