What if you could have great coffee and save money? Many people are surprised to find out how much money they could save by drinking coffee at home. If you’ve not had your morning cup yet, you might not be ready to crunch numbers. That’s okay, though. We’ll do the math and help you see how much you could save by drinking just one cup of coffee at home each day.
Americans Spend A Lot at Cafes
The average person in the United States drinks 1.9 cups of coffee each day. (The other 0.1 cup is likely spilled while getting into our out of their car.)
Considering that the cheapest cafe beverage is at least $2 now, many people are spending $4 per day on coffee at cafes. Of course, those who spring for lattes and cappuccinos can easily spend $4 in a single visit to their local coffee shop. To accurately demonstrate the math, we’ll limit this discussion to drip coffee, the least expensive option at a cafe.
Do You Really Spend $1,460 on Coffee Annually?
If you’re like many other people, you may spend $1,460 on coffee annually. While this may seem like a lot, $2 cups at the local coffee shop quickly add up. Here’s the math:
$2 cup x 2 cups per day x 365 days = $1,460 annually spent on coffee
If you don’t think you spend this much, check your bank statements. You may even spend more on coffee, since these numbers don’t take into account tips or more expensive beverages.
You Could Save $416 by Drinking a Cup at Home
Drinking just one cup per day at home could save you at least $416 over the course of a year.
Using prices from our bi-weekly Solo Plan, you would be able to save more than $1 each day. This plan provides you with 7 ounces of freshly roasted coffee every two weeks, which is enough to brew 14 8-ounce cups. For this, we only charge $12 (with free shipping) every two weeks. That’s a week’s worth of coffee for just $6.
If you brewed just one cup of coffee at home, instead of paying $2 at a cafe, you would save $416 annually. Here’s how:
Brewing at home: $6 per week for coffee x 52 weeks = $312
Going to a cafe: $2 per cup x 7 days per week x 52 weeks = $728
The difference between going to a cafe and brewing just one cup of coffee at home is a savings of $416. Of course, this figure would be even higher if you purchase pricier drinks at the cafe and leave a tip.
We aren’t asking you to give up your daily visit to the coffee shop. Heck, we like cafes just as much as you do. It is surprising, though, how much brewing just one cup of coffee at home can save you. Try picking out some beans and giving it a go. With the additional savings, you might even be able to spring for a new grinder or pour-over.