How to Calculate Your Annual Starbucks Fix

Have you ever calculated how much you spend on your daily Starbucks fix? If you could add almost 1000 dollars to your annual income just by changing your habits, would you be willing to try? Follow the steps below to do just that.

Instructions

Difficulty: Easy

Things You’ll Need:

• Calculator
• Willpower

Save 1000 Dollars a Year

1. Figure the price of the coffee you buy every day. For our example, we'll use a 12 ounce mocha priced at $3.40
2. Obtain the sales tax figure for your area. For this example, we'll use 8%.
3. Multiply the cost of your drink by 1.0X; X being sales tax for your local area. Here, we multiply $3.40 by 1.08 in order to obtain $3.67.
4. Multiply the cost of your drink by the number of drinks you consume per day. Multiply that by the number of days you consume drinks per week. For example, one drink per day, five days a week: $3.67 * 5 days per week, or $18.35 per week. You see where we're headed?
5. Take the weekly coffee purchase figure and multiply that by 52 weeks to give an annual coffee consumption figure: $18.35 * 52 = $954.20!! A person buying one medium-size coffee drink per weekday spends almost 80 dollars per month on coffee. That's the cost of a cellphone plan and then some.

Tips & Warnings

• Caffeine withdrawals may cause headaches. You may want to ease off, but cold turkey is the easiest way since it allows you to change habits much more easily.