In order to function as an arguably productive member of society, I need the blood level in my caffeine stream to stay below a certain threshold, which we’ll refer to as the maximum allowable blood level. Okay enough of that. That got old real quick, sorry.
The point is, I run on coffee, and there are days when I wouldn’t be surprised if I was more parts coffee than plasma.
I drink an average of 3 cups of coffee a day, including weekends, and I’ve figured out how to keep my coffee imbibing costs low while still enjoying the habit in a high quality way.
My average cost per cup is 11 and a half cents, and that is drinking organic coffee and including the cost of filters. That comes out to an annual savings of $1,576.80 assuming a price of $1.55 for coffee that I could purchase (the price of a short Starbucks brewed coffee). Not too shabby as that money can go to good use in other places such as paying off debt.
Now it’s a bit aggressive but the way I get to such a low average cost per cup while drinking organic is that I brew my own coffee all week and when I’m at work I take advantage of the free K-Cups provided there. So I make one cup of my own coffee each weekday and then three cups of my own on the weekends period during the workday I drink two cups of K-Cup coffee from work in addition to the one cup I make on my own in the morning.
Now do I always deny myself store bought store-bought coffee? Of course not. When I’m traveling or when I feel like a cup from my favorite coffee or bagel place, I’ll Splurge a bit. But for the most part I am drinking very cheap or free organic and high-quality coffee.
My go-to brand for the coffee I make at home is Trader Joe’s. They have several different organic coffees that are very affordable compared to what similar-sized coffee is from other brands go for, and the quality is great.
For those who are interested, I use the pour-over method at home, which is similar to a drip system except you do it manually by putting filters over a beaker or pot and pouring hot water over your coffee grounds. This method avoids any plastic flavor that can be picked up in a conventional coffee maker, reduces waste associated with K-Cups and other packaged coffee, and also costs the least.
You could probably get the cost even lower if you preferred conventional coffee. I like the taste of organic better, but there are some conventional coffee that I really enjoy too.
Well, now you know my secret. If you don’t have access to free coffee at work then your cost savings will come out to $1,456.35 assuming that you do three cups a day and still using the dollar and $1.55 store-bought comparison. This is still a great savings for something that you can make, in many ways, better at home.
So there you have it. If you choose to be less extreme than I am, and substitute just one cup of store-bought coffee per week day with a cup you make yourself, your cost savings will be approximately $345.80 per year. Still quite a good savings that can be put to use in your retirement fund or in reducing debt. If you’re used to drinking fancier coffee drinks then your savings will be significantly greater if you substitute them with drinks you make at home.
You can make your coffee cost even lower by purchasing your coffee and filters with a cash back card such as the Blue Cash Preferred Card from American Express, which will give you 6% cash back at supermarkets for up to $6,000 spent at supermarkets per year. More on that in this post: How to Save Money on Groceries
Good luck, and cheers to that piping hot brew.