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> "Yes, Starbucks is expensive, but you're not going to go bankrupt drinking their coffee." I observed people spending 5$ both morning and lunch/day, but for a
by autokad 9y ago
> "Yes, Starbucks is expensive, but you're not going to go bankrupt drinking their coffee."
I observed people spending 5$ both morning and lunch/day, but for arguments sake stick to 1/day. thats roughly 1300$/year. now imagine living paycheck to paycheck and spending that (very common). they end up taking on dept @20% interest.
in a 5 year window, just that spending on starbucks is effectively costing them nearly 10,000$.
edit: keep in mind, i heard the average 401k savings is ~5k
- sjg007 9y agoStarbucks could offer a 401k that comes with a free daily cup of coffee.
- wetpaws 9y agoAs someone said, you will not get rich by cutting pennies. I spend about $50 on starbucks a month, mostly on weekends in the morning, $500/y would be not such a big gain. On the other hand the quality of life I'm getting without good morning coffee would be much, much worse. If I would need extra $500 that bad, I would consider doing some side work or even changing the job. It's very easy to go over the top of living frugal and forget what is the sole point of earning money and living your life in a first place.