As I write this, I am watching a programme on tv about coffee. They have just said that the average spend on coffee is £450 a year. I think that bears repeating – £450 a year.
That is an extraordinary amount of money spent on a totally optional product. It doesn’t even sound that many when you work out that it is about 3 coffees a week, so not even one every day. Not even one every work day.
If our average person is in the habit of buying a coffee two or three times a week, using this self same amount of money, they could feed themselves. Seven days a week. Three times a day. Plus snacks. And have £85 left over to spend on something else. Maybe store cupboard items, a new outfit, meals out, takeaways or paying down debt.
I knew this stuff anyway, but my goodness, it has really brought home to me the power of being aware of our discretionary spending and just how much difference spending on this kind of thing, or not, can make to our lives.
And if you don’t need to budget tightly. How about a week in the sun against a coffee two or three times a week. That washing machine you need, a computer, lots of clothes, meals out, pay off debt.
So buy a coffee, or don’t buy a coffee. But please, please be aware of just how much it is costing, in all ways.