I will admit, I love my coffee in the morning and I enjoy a good latte from Starbucks. There's a Starbucks conveniently located right below my office and I stop by every morning on my way to work. It's an expensive habit though, and while I'm not willing to give up my favorite brand of coffee, I've found ways to cut costs and save $50 per month at Starbucks. If you're on the go and love to grab a Starbucks coffee, here are some helpful tips on how to save with each trip. It's about time we can enjoy our favorite morning indulgence and save money too.
Tip #1: Sign Up for Starbucks' Rewards Program
If you're a regular at Starbucks, I'm certain you wouldn't mind free refills, free Wi-Fi, free soy milk, and free flavor shots. If you sign up for the My Starbucks Rewards program, you'll enjoy all these perks and you can easily save $50 per month. To sign up, you simply buy a $5 gift card for yourself and register it online, which takes less than a few minutes. As a Starbucks rewards member, you'd save close to $1,000 if you got a free refill of a specialty drink every day of the year.
Tip #2: Make Your Own Latte
If you enjoy lattes in the morning, you can save big by making your own. Just ask for a double shot of espresso in a large cup full of ice, and then add your own milk and sugar from the condiment stand. Shake it up and you've got an iced latte for about $2 instead of $3.25 or more.
Tip #3: Bring Your Own Tumbler!
Before you leave the house in the morning and head to Starbucks, make sure you grab your coffee tumbler! If you bring your own cup to Starbucks every morning, you can get 10 cents off the cost of your morning cup of joe. If you need some caffeine around midmorning, just bring the same cup down for a refill and get your coffee for 50 cents (instead of $2.18)! As a member of the rewards program, I actually get those refills entirely free and it pays!
Tip #4: Buy a Coffeemaker and Save Every Day
My best advice is to start making your own coffee at work or home. You can buy a coffeemaker for as little as $17; a one-pound bag of Sumatra Lake Tawar coffee from Batdorf & Bronson (top-rated by CoffeeReview.com) costs $14.50. One bag makes about 30 (12-ounce) cups, so you'll only need to buy 10 or 11 bags per year to fuel that daily caffeine habit. If you drink enough coffee (we really think you should stop when you hit that third cup, by the way), getting your own machine can literally save you hundreds of dollars per year. About $280, to be exact.
How much do you spend on coffee each year? Are you trying to cut that cost down?
I create a special savings account
I put a little away at a time
I cut corners until I can afford it
Save? Who has money to save?
I plan to put it on my credit card and love the benefits of the reward program