I am a big time coffee drinker. Well, depending on how you define “big”, I think I drink more coffee than any of my close friends and family. If you define 8 ounces as a single serving cup, I probably drink an average of 4 cups a day. Maybe 3 cups on a good day and up to even 5 cups on a looooong day, if you know what I mean. I drink one cup in the morning, another cup before lunch, one more cup after lunch and maybe one last cup a few hours after lunch. Am I addicted to coffee? I don’t think I am because I don’t drink that much when I’m at home during the weekends. I only drink at work. So that leads me to believe that I’m not quite as addicted as some people I know. You can be the judge if you like and set me straight.
However, one thing I did cut down is buying coffee at Starbucks or Dunkin Donuts. I used to buy coffee from these coffee shops every time I went out, but I’ve intentionally been trying to make it a habit of not purchasing coffee as often. You see, at almost $2 for a 16 oz coffee, it becomes expensive. It gets worse as you opt for the more expensive lattes and other exotic coffee/espresso varieties. If you brew your own coffee, the price comes down significantly.
How Much Can You Save?
At Starbucksstore.com, a regular House Blend costs $12 for 1 lb (453 grams) bag of coffee. The instructions on the bag says to add 10 g of coffee for every 6 oz of water to achieve the perfect taste. That equates to about 272 total ounces of coffee you can brew from the entire bag of coffee, or roughly around 4.4 cents per ounce. If you buy a cup at Starbucks at $2 for 16 ounces, that equates to 12.5 cents per ounce, a difference of 8.1 cents! So basically, you can drink 3 times as much coffee that’s brewed at home than buying at Starbucks for the same price. Did my math make sense?
How much coffee do you drink? If you’re like me and drink 32 ounces of coffee everyday, but buy all your coffee at Starbucks, you’re spending $4 every day on coffee. Carry the math to over a year, and you’re looking at $1460 spent on coffee! Now, if all of a sudden, you changed your ways and became smart by reading this post and brewed your own coffee, you would only spend $514 a year on coffee, a savings of almost $1,000! That’s more than enough to buy a nice brewing system!
So, how about it? Have you been dumb with coffee lately?
This is the latest edition of our new series called MoneyFail.
Photo: Charles, Cup of Espresso