How Much are You Spending on Coffee?

To those of us that wait ten to fifteen minutes in line at a coffee shop, the dependency is real. And it's understandable. You work long hours and you need that little jolt every two to three hours. Even though it may seem like a small price to pay, each time you add another cup, that adds up. According to Fortune, since coffee has been in a deficit and demand has been growing, the price of coffee has been driven up. That's barring any major weather threat, which could drive coffee back to the $3 per pound rate it was at in 2011.

According to a 2012 report, the average American spends about $14.40 per week on coffee, which amounts to $1,100.00 per year. That's money that could be going to electric bills, saving up for a vacation, or paying down credit card debt. Here are a few ways to save on coffee without sacrificing the energy you need to have a productive day.

1. Make it at home.

Buying individual coffees, while convenient, is a huge money-suck. Buying in bulk is a great alternative to save money. Plus, it's a lot better for the environment. Split the cost of beans and a coffee maker with your roommates, and there you go!

2. Try tea instead.

Tea is often a lot cheaper than coffee, and has a good amount of caffeine as well. Also, the tea bag has the unique ability to be reused. For example, you should always order a large tea compared to a small tea, because the large tea may come with two bags. After steeped for three to five minutes, there's usually enough juice left for another steeping. Don't toss your tea bag just because you're out of hot water.

3. Get more sleep.

If you're a compulsive coffee drinker, the answer may not lie in its flavor or the ambiance of coffee shops, but in the fact that you don't get enough sleep at night. Turning out the lights one hour earlier can make you feel more refreshed and energized, and you may be able to cut out one or two cups during the day.

4. Do some jumping jacks.

Get your blood pumping with some energizing jumping jacks, a morning jog, or simply a cold shower. Coffee dependency can be saved, and it starts with the ability to recognize that we don't need it. On every "coffee break" at work, take a walk around the block and grab a snack instead. Sometimes when we think we're craving caffeine, we just have low blood sugar and need an apple.

We know you love your corner coffee shop, but be aware that there are cheaper alternatives to give you your daily jolt. For more ideas, check this out!

PayPath
Follow Us on
Photo by Arlington Research-Unsplash

You’re powering through your morning. You’re in the zone. Getting so much done. But then you get Slacked with an innocent question: “Gotta moment to discuss the Jefferson thing?”

Keep readingShow less

Ever since the pandemic popularized (or forced) virtual meetings and, countless companies adopted the hybrid work model or went completely virtual. And once the public health crisis was declared over, we remained confined to our desks in our kitchens and attics working from home.

Keep readingShow less

April 18 came and your taxes were not ready. So you filed a tax extension. Well, you should file an extension, if you haven't already. Form 4868 is one of easier tax forms to fill out and it will give you an extra six months to get your taxes together. Everyone is eligible for a tax extension. The extension gives you until October 17 to file your taxes, but keep in mind if you owe the IRS money; it is still due April 18. Once you've filed an extension, what happens next?

Keep readingShow less