September 6, 2021

How to Save Money on Coffee

Millennials spending on coffee, we all know the jokes the older generations say about us. But here's the thing, it is an incredibly easy way to drink better coffee, for less money. Here are some tips

5 min read

Qoins Staff


Coffee in the morning has been the universal truth for most people. Wake up then drink coffee, or drink coffee and then wake up? Regardless, coffee has become the daily routine for most Americans but an expensive one. The average American spends about 92 dollars a month on coffee which adds up to 1,100 dollars a year! It’s easy to justify a 4 dollar latte a day, but harder to rationalize a thousand dollars a year for coffee.

Here are some easy ways to save and cut back on coffee:

Make it Yourself

Making your own coffee can save you hundreds. The average latte costs about 4 to 5 dollars while brewing your own coffee is around 16 to 18 cents. Investing in your own coffee maker can make a big difference in your wallet at the end of the year.

Create Your Own Coffee Shop

Don’t like regular coffee? Missing your mocha latte or chai tea? You can still have it! Recreating your favorite drinks is easier than you think. Finding similar coffee recipes online can help you satisfy your craving for your speciality drinks.

Have a Coffee Budget

Cutting back on coffee doesn’t mean you have to give up your favorite coffee shop. Keeping track of how much money you spend on coffee by having a budget can help you not overspend on coffee.

You could always create a Savings goal in Qoins to automatically save your spare change and fund your coffee habits!

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Find Alternative Versions of Caffeine

If you’re buying coffee just for the caffeine, try other methods to give you that boost in the morning. Things such as an apple or running can give you as much alertness and energy as coffee can.

Drink Less Coffee

It’s recommended by the Mayo Clinic not to consume more than 400 mg of caffeine, or 4 cups of coffee a day. Although caffeine may seem necessary for most days, it’s good to cut back sometimes.

These 5 ways to save on coffee are simple but will make a difference over time in your finances. If you’re looking for ways to save money this is a great way to make a big difference with minimal effort. If you have any other coffee tricks or hacks you do to save money let us know in the comments below!

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