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Starbucks

Tuesday, November 4, 2014

There's a trend that I've noticed among personal finance blogs - the idea of easy ways to save money. It seems like every article I've read on Pinterest lately says to take your lunch to work and stop ordering coffee at Starbucks to save money. This advice just annoys me to no end!

save money by stopping starbucks habit
Photo credit: Flickr

I don't know anyone who eats out and goes to Starbucks everyday. All those blogs and articles that claim you can save $400 a month by cutting out those habits just don't seem realistic to me. I know lots of people who eat out for lunch once a week. If those people stopped eating out once a week, they would probably only save $40-50. I don't think cutting back a once a week habit is going to suddenly make these people wealthier.

Last week I've found that other people feel the same way I do! A Practical Wedding posted How We Do It: Personal Budgeting, and I loved reading the comments section, especially this comment by Meg Keene, "I've been thinking a lot about that idea of latte. It rightly pointed out that so many of our expenses at this point have to do with the way the system works on a structural level. IE, I don't buy a daily latte, but it really wouldn't matter if I did. By the time you add up (for us, the list varies by person but almost always exists) medical costs, student loans, saving for retirement in the world of no pensions, and the hugely expensive cost of childcare before public school kicks in... that's pretty much our budget. (And that's not even adding in how high the cost of home ownership has climbed!) The idea that we can somehow control those costs by changing a $3/day habit is... well... mostly it's a comforting fiction. Because it actually IS really nice to imagine that just by changing a few small expenditures everything would fall into place."

Then I read this post on My Shiny Nickels, You Starbucks Habit is NOT Why You're Broke (don't you just love that title!). She writes, "Starbucks (or Peets or Coffee Bean & Tea Leaf or…) is hardly the reason why our piggy banks are empty. If you’re broke, should you be indulging in foo-foo coffee? Probably not. But is that the reason you’re broke? Probably not. We’re neck-deep in oversized houses and overpriced cars, and we’re worried about what coffee we’re drinking? Why are we so afraid to tell each other the hard truth? We’re spending too much in every area of our life. Plain and simple."

Bottom line, I doubt going to Starbucks a couple times a week or month is ruining your budget. You coule save much money by buying a smaller house or driving your car until it dies, than by cutting out Starbucks.
 
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3 Responses to “Starbucks ”

  1. I literally just posted my November goals where I ask myself if cutting out Starbucks will be a financial benefit. After reading this, Starbucks is not going to suddenly make my savings plan skyrocket. :) thanks!

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  2. I love this! It is true. I've done posts mentioning how bringing leftovers or making lunch at home can save you money which is true. A meal at home is say $2 whereas ordering out is close to $7-$10. I usually order out once a week and I don't see it being a problem. Thanks for sharing this!

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  3. I agree with you! I also like treating myself to a Starbucks drink once a week and I don't feel as though I'm spending too much money on it. Now I don't feel guilty about it which is a relief because I've seen so many posts stating that so much money goes towards Starbucks purchases.

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