As I sipped on my coffee this morning, it occurred to me how important coffee has been to me during grad school.
And it’s not just me, obviously. This is the stuff of famous comics. And while writing this post, I found this neat infographic on how much Starbucks we really drink each year.
Dollars Spent by the Year
- 2012: $659.43
- 2013: $466.49
- 2014: $670.33
- 2015: $25.62
Grand Total: $1822.17 (close to 0.70 cents per day)
The scariest part about that number: it doesn’t include whatever I paid for coffee I made at home.
Would I do anything differently?
Nope. Although it’s somewhat painful to see such a large number, I spent the money when I felt like I needed to, and I enjoyed it. Of course, I would love an extra 1800 bucks today. With $1800 bucks, I could cover three months of expenses in rent, two semesters of my program, or I could generate an additional $54 bucks in annual dividend income invested at 3% yield.I’m not losing sleep over this (I already lose enough for my program). Looking back can be instructive, though. Even though we are half way through 2015, I’ve only spent $25 bucks at Starbucks. That’s 97% less than what I spent in all of 2014. And half of that was actually a gift for someone. I can get used to 97% savings. And I’ll be fine if that number crawls down to 90% by the time this year is over, especially as the holiday’s get closer.
How am I getting my coffee now?
Today, all of my ‘coffee money’ goes to the grocery store, where I can buy coffee dirt cheap, at close to 0.18 cents an ounce. Instead of cafe americanos, pour overs, and lattes, I’m drinking my coffee black. Folger’s, usually. Occasionally, we buy coconut oil and use it for flavor instead of cream.Perhaps the best part about seeing these savings is knowing that I have more money to purchase ownership in companies. Starbucks, for example (I’ve picked up a few shares this year via Loyal3). Now, every time I grab a cup of coffee from Starbucks, a small portion of that comes back to me. It’s one small way of averaging down if I get in a bind and have to purchase coffee.If I really wanted to soak up some more savings, I would quit coffee altogether. I laugh writing that, though. Not. Gonna. Happen.Hope you all have a nice weekend,DylanCups of coffee drank in the span of writing this post: 5 (not kidding)