The Financial Coffee Grind: How Much Do You Spend on Coffee Every Day?

by Kristina on May 9, 2011 · 5 comments

Every single work day I visit my local Tim Horton’s, which is sort of a Canadian version of Dunkin Donuts. There are a few Tim Horton’s locations throughout some US cities, however in Canada, you can find a Tim Horton’s on the corner of every major intersection and in every shopping mall.

How Much Do You Spend on Coffee Every Day?

Every single day I buy a breakfast sandwich and an apple juice for my breakfast on the way to work, which is $4.38 that I spend every day on breakfast.  I am starting to cut out the apple juice and just buy the breakfast sandwich which is $2.25 by itself.  It is so easy to sleep an extra 15 minutes and grab a bagel or breakfast sandwich on the way to work.

I usually visit Tim Horton’s again during the day to buy a small Iced Cappuccino which is another $2.15 that I spend almost every day.  The costs of drinking coffee and eating at Tim Horton’s can quickly add up.  Sometimes I even buy a veggie sandwich from Tim Horton’s for my lunch which is another $3.83 that I spend every day.  If I eat both breakfast and lunch at Tim Horton’s I can spend up to $10.36 per day at my local donut shop…and I don’t even eat donuts.

I am personally not a coffee drinker, however I do enjoy Iced Coffee.  My caffeine drug of choice is Iced Tea.  I drink approximately 3-4 glasses of iced tea every day.  My favourite type of iced tea is Crystal Light Natural Tea Blends.  It costs $3.79 for a box of 10.  This means that I drink an average of at least 2 boxes per week, which is $7.58 per week and $394.16 per year on iced tea. If we round up to 3 boxes per week, my iced tea habit can cost $11.37 per week and $591.24 per year.

You may only spend $3 for each cup of coffee, but how many cups of coffee do you drink every day?

How We Can Save Money on Coffee

Drink a cup of coffee at home before we leave for work.

Brew our coffee at home and bring a cup of coffee to work in a travel mug.

Start a coffee fund at work and have everyone contribute money to buy a coffee maker. If everyone contributes $5, it’s only the cost of a day’s worth of coffee you can get your workplace the best service for office coffee.

Don’t keep change in our wallet.  Sometimes the change in my wallet can add up to $5 or $10.  I don’t even think twice about spending change, but if I don’t have change in my wallet then I can’t spend it.

Photo by Nina Matthews

 

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{ 5 comments… read them below or add one }

1 Nicole May 9, 2011 at 9:01 am

Here’s a tip on not loosing your 15 minutes and still having breakfast: Keep oatmeal packets at work. I make a packet every morning. At $0.66 a morning, its worth it :-)

2 ib May 9, 2011 at 9:10 am

My husband is a moderate coffee drinker 3-4 cups a day. He is a really big Tim’s fan. His office does the share the coffee fund thing. It cost him $10 every 2+ month. Who ever gets there first in the morning, makes the coffee. Whenever they run out of coffee, then they ask everyone for another $10.

The other way is to share the cost of the coffee machine, then everyone takes turn in buying the tin when it runs out.

PS> Who won for the 2 giveaways?

3 Heather May 9, 2011 at 2:00 pm

I have to agree with this. I’ve setup my coffee pot on a timer for right before I wake up. I have a cup at home and drink a cup from my travel mug on the way to work. If I can find time to bake my own healthy muffins once a week, I can have a nice breakfast, although I also like Greek yogurt and put in some Quaker Oatmeal Squares in the yogurt for some healthy crunch. I’ll eat that at my desk in the morning. I’m trying keep tea at work and making tea in the afternoon instead of wanting coffee later. And like you, I started all this to try to stop buying coffee and breakfast on the run or at the coffee shop at work.

4 Pat May 11, 2011 at 12:45 pm

Iced Coffee is coffee. Saying it’s not is like saying that a bagel is not bread.

5 Kristina May 11, 2011 at 8:33 pm

Pat, that’s a great point and I guess that I should clarify my coffee habit. I drink one small iced coffee almost every day. I don’t drink multiple cups of hot coffee every day and I don’t need to drink my iced coffee to “get my day going”.

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