Have you ever wondered how much money you could save by brewing your own coffee instead of buying a fancy latte or mocha from your favorite coffee shop every day? I sat down one day and did the math, the totals might surprise you - they might even scare you (at least they scared me once I realized how much money I was dumping into my gourmet coffee addiction).
Keep in mind I'm not advocating that you should quit going to your favorite coffee shop all together. I haven't. And I probably won't. But I do put all of this into perspective, and often times choose a home brew instead.
So here's how to calculate how much money you can save by brewing your own coffee.
Step 1: Add up the total amount you spend at coffee shops throughout the week.
For those of you who keep good records, this is probably easy. For the rest of us who fly our finances by the seats of our pants, you might have to approximate. In my case, I buy at least one big latte every weekday at my corner coffee shop. By the time I throw in a tip, the total is about $5. And since I do this pretty much every day, my weekly total is $25.
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