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Saving $2,023 a Year by Spending $541
I wanted to share with you how my hubby and I will save over $2,023.00 this year, over going out for a coffee each day/week at a local cafe. After looking at our expenses recently after moving down to the beach, we realised to our dismay that we were spending $63 a week(yes a week!) on cappuccinos.
We worked out that for 2 standard skim milk cappuccinos at the cafe each day was costing us $9:
$9 a day($4.50 each) x 7 days a week = $63
$63 x 52 weeks =$3,276 a year.
We have been spending this on coffee for several years now without really ever thinking about the cost. We don't drink or gamble or eat out a lot, so our daily/weekly trip to our favourite cafe was our treat and some time together after a big day.
After the initial shock wore off we decided to invest in a Delonghi coffee machine that we purchased on sale at the Myer mid-year sale for $541.00.
We buy our organic coffee pods on Catch of The Day which gives us 100 organic pods(we worked out at 29 cents each) in a box delivered to our house for $19.95 plus $9.95 delivery.
We now have 4 coffees a day(2 each) with skim milk, which we have estimated at $2 a day.
Over 365 days per year, we have estimated that we will only pay $712.00 for the year, even with the initial outlay of $541 for the coffee machine. We will still be saving $2,023 for the first year.
The following year we have estimated that we will save approximately $2,564.00 on going out for coffee.
Our Delonghi coffee machine is fantastic. It makes a great cappuccino and the savings that we are making inspires us to improve in other areas.
Contributed by Michelle H
We worked out that for 2 standard skim milk cappuccinos at the cafe each day was costing us $9:
$9 a day($4.50 each) x 7 days a week = $63
$63 x 52 weeks =$3,276 a year.
We have been spending this on coffee for several years now without really ever thinking about the cost. We don't drink or gamble or eat out a lot, so our daily/weekly trip to our favourite cafe was our treat and some time together after a big day.
After the initial shock wore off we decided to invest in a Delonghi coffee machine that we purchased on sale at the Myer mid-year sale for $541.00.
We buy our organic coffee pods on Catch of The Day which gives us 100 organic pods(we worked out at 29 cents each) in a box delivered to our house for $19.95 plus $9.95 delivery.
We now have 4 coffees a day(2 each) with skim milk, which we have estimated at $2 a day.
Over 365 days per year, we have estimated that we will only pay $712.00 for the year, even with the initial outlay of $541 for the coffee machine. We will still be saving $2,023 for the first year.
The following year we have estimated that we will save approximately $2,564.00 on going out for coffee.
Our Delonghi coffee machine is fantastic. It makes a great cappuccino and the savings that we are making inspires us to improve in other areas.
Contributed by Michelle H
Note: Breaking it down makes it real doesn't it? The same principle applies to all discretionary spending. Break it down to see how much you are really spending on the odd magazine, take away meal, pair of shoes etc. over the course of a year. Then think of the things you'd rather do with that money - the things that mean something to you and your family. We ditched the things that weren't really important to us (like cafe coffee as a habit, magazines, take away just because) so we'd have the money to enjoy the things that are, and we've never looked back, or regretted that decision. Cath