Anonymous wrote:Anonymous wrote:Anonymous wrote:"You can't latte yourself to bankruptcy. The bladder won't stand for it" - Katie Porter in Helaine Olen's Pound Foolish
I'm generally a pretty frugal person and avoid unnecessary expenses, including Starbucks. But I can't be too judgmental on those who choose to indulge. If your morning latte is the thing that gets you through the day, or one of the few things you reliably enjoy and look forward to, I don't think it's nearly as destructive as some people imply.
Let's say you spend $5 at Starbucks every day of the year. That's $5x365, or about $1,800 per year, or about $1,300 if you only go on weekdays. I don't want to imply that's a trivial amount of money. But it's not going to make or break your household finances. It's the big lifestyle decisions - car, houses, vacations, schools - that determine your big picture finances. Latte's aren't quite small enough to be dismissed as a rounding error, but they're definitely at the margins of your financial health.
Two issues with this:
1. Anyone who spends $1,800 a year on crappy coffee is probably throwing money away on other pointless extravagances.
2. $1,800 a year *is* a lot of money when you think about the opportunity cost. It's a good chunk of an extra mortgage payment, a pretty nice vacation, or a meaningful contribution toward college/retirement. Versus time lost standing in line and a whole lot of pee.
a nice vacation for $1800????
Anonymous wrote:Often times budgeting advice here is to skip the extras, like cable, or the Starbucks habit or some other supposed daily expense. Does anyone out there actually do that kind of stuff daily -- get Starbucks or like buy your lunch? Really? If so, how much do you spend?
Anonymous wrote:Anonymous wrote:"You can't latte yourself to bankruptcy. The bladder won't stand for it" - Katie Porter in Helaine Olen's Pound Foolish
I'm generally a pretty frugal person and avoid unnecessary expenses, including Starbucks. But I can't be too judgmental on those who choose to indulge. If your morning latte is the thing that gets you through the day, or one of the few things you reliably enjoy and look forward to, I don't think it's nearly as destructive as some people imply.
Let's say you spend $5 at Starbucks every day of the year. That's $5x365, or about $1,800 per year, or about $1,300 if you only go on weekdays. I don't want to imply that's a trivial amount of money. But it's not going to make or break your household finances. It's the big lifestyle decisions - car, houses, vacations, schools - that determine your big picture finances. Latte's aren't quite small enough to be dismissed as a rounding error, but they're definitely at the margins of your financial health.
Two issues with this:
1. Anyone who spends $1,800 a year on crappy coffee is probably throwing money away on other pointless extravagances.
2. $1,800 a year *is* a lot of money when you think about the opportunity cost. It's a good chunk of an extra mortgage payment, a pretty nice vacation, or a meaningful contribution toward college/retirement. Versus time lost standing in line and a whole lot of pee.
Anonymous wrote:Uh yeah, they know my name and drink. I get coffee every day, I buy lunch every day, so does my DH. Whatever helps us get through the day and keep up the crazy hours...
Anonymous wrote:Often times budgeting advice here is to skip the extras, like cable, or the Starbucks habit or some other supposed daily expense. Does anyone out there actually do that kind of stuff daily -- get Starbucks or like buy your lunch? Really? If so, how much do you spend?
Anonymous wrote:Yes they even know my drink.
Anonymous wrote:as a black coffee drinker, I can't tell you how much i hate SB's coffee. it tastes like tar!