Starbucks, saving money, budgeting, cutting costs

Good morning Dinks.  If you’ve ever read a story about spending wisely or setting a budget then you’ve probably been advised to cut out your daily trips to the coffee shop.  Right?  To be honest it’s true.  If you want to start saving money you can cut out Starbucks coffee and stop eating out in restaurants.  You could also become a nun and take a vow of poverty or become a monk and take a vow of silence – but what fun would that be?

As a financial planner I should probably tell you to stop spending money on anything that doesn’t keep you clean or warm, but I’m not going to do that.  Why?  Because I don’t believe in it.  Don’t get me wrong I completely agree that people should plan and save for their future, but I don’t believe they should do it at the sacrifice of their current life.  I mean seriously why would you hate your life now to potentially enjoy your life later?  It just doesn’t make sense.

Enjoy everything in moderation

This is why I don’t think Starbucks is a waste of money.  If you want to pay $5 for an iced latte then go do it, but keep in mind you’re giving up something else in order to pay for that coffee.  That’s the key to setting and sticking to a budget.  If you only have $5 and you want to spend it on Starbucks then more power to you.  Just be conscious of what that coffee really costs.

Coffee is an excuse to socialize

I don’t drink alcohol or smoke so if I don’t meet my friends for coffee I probably won’t see them very often.  Compared to after work drinks or a night out at a club I think a $5 coffee and a $3 piece of banana bread is a good deal to spend an hour or so with friends.

It’s a reason to get out of the house

I work online with my side hustle and I can work from home with my 9 to 5 job.  If I didn’t convince myself to buy a treat every now and then I would never leave my house.  I would become one of those crazy ladies whose eyes can’t adjust to daylight because I would be stuck in my home office 24 hours a day.  I definitely don’t want to become one of those ladies.

The price doesn’t matter

I truly believe in paying for something you want.  However I also believe in getting the absolute best deal on everything.  Why pay $400 a night for a hotel room when you can pay $100 for the exact same accommodation through a discount website.

The same thing is true for Starbucks.  As long as you aren’t ordering a $5 coffee, taking a sip and throwing an almost full cup in the garbage then expensive beverages aren’t a waste.  If you enjoy it then it’s money well spent.  That being said I will pay for expensive coffee if there’s something in it for me – other than enjoying a delicious beverage. I am a Starbucks loyalty member which means I get free beverages, exclusive deals and discounts on products.


Good morning Dinks and Happy May 1st.  April showers bring May flowers, or at least that’s what they say.  I absolutely love May because it’s a sign of sunnier, brighter, warmer days to come.  Oh and then there’s Cinco de Mayo – and you know me, I never need an excuse to eat Mexican food.

Enjoy these good reads from around the web and enjoy the first weekend in May.

Clever Dude – How to Stop Energy Costs from Spiraling Out of the Window

CESI – 9 Dumb Ways to Spend Your Tax Refund – And 1 Smart One

Girls Just Wanna Have Funds – 4 Reasons to Consider Offshore Banking

50 Plus Finance – Why Do Many Middle Class Americans Feel Trapped When It Comes To Finances?

Retire By 40 – Can You Be Happy Without Ambition?

Photo from I’d Pin That


Good morning Dinks.  I just got back from another business trip and as always I met some interesting people along the way.  I’m not sure what it is about me – maybe it’s because I’m chatty – but I always meet unique people with a one of a kind story when I travel.

One time I was sitting in front of a man and a young girl who didn’t know each other.  During the four hour trip he bought her two drinks and asked for her number – just like that out in the open where everyone could hear.  By the end of the trip she was sitting alone and he was in another seat at the back of the train.  No joke.

I always meet interesting people, including these two men

During this trip I was seated across the aisle from what I assumed was a father and son, or maybe it was two business partners.  They were travelling from Montreal to Toronto for the day for some type of important client meeting.  Along the way they used words like infrastructure, business plan, corporate strategy and profit margins, so they were partners in some type of start-up business.

About an hour into the ride the older gentleman realized he lost his wallet.  He searched the train frantically and asked the stewardess (is that what they’re called on a train?) to call the train station to see if he left it at the departure gate.  When she came back and told him the wallet had not been found he went into complete panic mode.  His colleague/son tried to reassure him that he must have left it in the car back home, but the older man wanted to hear nothing of it.  All he wanted to do was find his wallet.

But then they accused me of theft

As a financial planner I felt obligated to shed some light on the subject.  I politely interrupted their conversation and advised him to contact his bank as a starting point.  Not only did they not appreciate my act of kindness they actually accused me of stealing the wallet.  ME!

As the older man rambled on about the blank check he had in his wallet as well as the credit cards and cash, the son said “The best defense is a good offense.  You took the wallet.”  Are these two guys serious?!  Trust me this really happened, I couldn’t make it up if I wanted to.

So I decided not to help them

I lose things all the time and I would have been happy to help these two distraught gentlemen search for the wallet, but not after being accused of stealing it.  If they would have asked for my help I would have told them losing your wallet is a complete nightmare, but it’s not the end of the world.

The first thing to do is stay calm.  When your mind is in a frenzy you can’t focus, let alone think straight to retrace your steps.  The second thing is to contact everyone you were with that day or places you visited to see if someone found the wallet.  If it’s still missing you have to contact your banks and credit card companies to check transactions, cancel the cards and order new ones.

Yes that’s what I would have told them if I wanted to help out.

Photo from I’d Pin That



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How to Manage Money While Traveling

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You have been saving your money for quite some time and now you’ve decided to open up an offshore bank account. Or you want to invest your money offshore. Then what? How do you manage your money when you travel from country to country? How do you access it cheaply and safely? What if something […]

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