How to Save Money on Coffee, That Money Sucking Addiction

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save money on coffeeCoffee isn’t just an indulgence for some people. It’s a vital part of the morning. No matter how tight your budget, if you’re a hardcore coffee addict, you can’t just give up that morning cup. But there are plenty of ways you can lower the price. Here are a few tips to save money on coffee.

#1: Drink Plain Coffee

We’ve all heard the “don’t buy lattes” cliche, which reminds us that a latte at Starbucks will cost $5 (or as much as $8 if you add a biscotti and a few other upsells). Repeat this habit daily, and you’re shelling out more than $1,000 each year.

But there’s an extra step that we can take, beyond that: Don’t make lattes or other fancy coffee drinks at home, either. Stick with tried-and-true black coffee, perhaps with a dash of milk, cream or sugar. None of those items are nearly as pricey as buying yet another kitchen gadget, such as an espresso maker.

#2: Subscribe to the Beans

A mail-order “coffee of the month” club is a subscription service that sends coffee beans to your home (either ground or whole, your choice) once a month. Often (but not always), these can be cheaper than buying coffee off-the-shelf at stores, since many independent roasters are willing to lower their price in order to introduce their batch to a new audience. Check delivery prices in your area to see if you can save money with a subscription.

#3: Order Online

Speaking of which: the internet gives you access to a wide array of coffee producers and distributors. Check websites like Amazon to see if you can find a delicious roast that’s cheaper than the cost of the beans at your local store.

save money on coffee 2#4: Multipurpose

A lot of money gets literally poured down the drain in the form of food waste. The more you can minimize waste, the better on your wallet and on the earth’s resources.

Did you make an extra-large batch of coffee, that’s more than you can drink? Don’t throw it away: put extra coffee in the refridgerator and let it chill for a few hours. Then add ice (and cream or sugar, if you prefer) and turn it into an afternoon iced coffee.

#5: Shop Costco

If there’s a Costco in your area, you may want to invest in a membership. The cost of a Costco membership can easily pay itself off (several times over) through money saved, and this is particularly true for avid coffee drinkers. CostCo sells large bags of coffee beans from a variety of companies, including Dunkin Donuts and Starbucks, at a much cheaper price than you can find at a standard store.

Worried that bulk coffee beans will go bad, or at least lose their flavor or freshness? Keep the beans or grounds in an air-tight container and store them in the freezer to keep them fresh when you’re at home.

#6: Try Little-Known Brands

Famous national brands like Starbucks can charge a premium for their coffee beans because they already have a sterling reputation. But there are many small, independent companies that don’t have a large name, but produce great coffee. Because they can’t trade on their branding or recognition, they often sell great-quality tasting coffee for a lower price than the national brands.

You may not enjoy every independent roaster’s coffee, but there are gems out there. Buy several small bags and sample a wide variety of coffees. You’ll eventually find the one that fits that intersection between price and quality.

Kennedi writes money saving tips for women.

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