Author Topic: Have as many $3 lattes as you want!  (Read 10760 times)

flipboard

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Re: Have as many $3 lattes as you want!
« Reply #50 on: August 09, 2019, 01:10:11 PM »
I am also extremely cultured in the art of drinking only really good coffee!  But I canít believe you drink that $1/cup swill.  Usually what I do is fly down to Colombia and rent a finca for the week.  Included with the stay is freshly roasted coffee picked right on the same farm.  I canít believe you donít even meet the person who picked your beans!
😃

But you gave it away by telling us you fly places.

bluebelle

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Re: Have as many $3 lattes as you want!
« Reply #51 on: August 09, 2019, 03:25:05 PM »
he's a bit too up-beat for me, and alot of it is full of shit....he talks like everyone is in some kind of sales and put a dollar figure on benefits in the their job and also says most people have just 9-5 jobs, a bit of a dichotomy.   But if you can get past the hype, what he's saying isn't that bad.

I did like the fact that he talked briefly about buying what brings you joy.....If you get joy from a $3 latte, then build it into your budget....

What I didn't hear him say, and rarely hear anyone say, is if you can build your budget early in your career, it is so much easier to build wealth.....maybe in year 1 you're only saving 10%, but if you can prevent lifestyle inflation, but year 10, you could easily be saving 50%....we built a budget (sort of) when we were making less than half of what we make now.....our expenses haven't grown at the rate of raises (and I had a couple of years of no raise).   Many things cost the same whether you make 80K or 250K......

imadandylion

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Re: Have as many $3 lattes as you want!
« Reply #52 on: August 14, 2019, 07:38:02 PM »

I know of literally thousands and thousands of people who buy expenses coffees daily.

How? Because I was curious and I've asked a lot of baristas if they see the same people every day, and every single barista I've spoken to over the past 20 years has indicated that they serve hundreds of the same people on a daily basis.

I have a few friends who own coffee shops or coffee shop chain franchises, and I took a keen interest into what their client base was, so I started asking and it's just become a point a small talk for years.

So yeah, overpaying for coffee, often multiple times a day is definitely a thing.

DH was one of them until I calculated for him that he was spending more than his entire share of groceries on his stupid Americanos.

That said, it's absurd to generalize it to mean that frugality means you "can't" buy lattes if you want to. That's just silly.
Going out for fancy coffee/tea/Italian soda/whatever is a favourite activity for DH and I, we utilize it as an inexpensive alternative to going out for cocktails or meals.

As people above said, it's never about not spending, it's about understanding the real impact of everything you spend.

It was never about the lattes, it's about the dozens and dozens of latte equivalents and how they all add up very quickly to an absolute hemorrhage of money without actually getting much in return.

Yup, exactly. Used to be a Starbucks barista myself, and there are loads of regulars, even at 4 AM in the morning. A lot of people see it as a treat. That's fine, if that's what they can 'afford' in the Bigger Picture, but I personally think way too many people overuse the 'treat' excuse while still complaining that they're poor or that they can't afford XYZ. And ditto on the 'latte equivalents,' which can also be applied on a caloric context, too... You know - if you're in surplus, then you'll gain fat...

I know too many coworkers who even when there is FREE coffee at work, they still come in with a Starbucks. Sure, they may just like specialty espresso beverages, but it's so easy to prepare at home. And most of that crap is just some espresso shots with flavored syrup. I have a coworker that also sits directly next to me, so I always see him coming in every weekday morning with a Starbucks and a pastry. That may be about $10 each time, or $2400 a year if only consumed once per week day.  When feeling especially "budget" he goes to McDonalds. I'm sure there may other factors in his life that prohibit from making the choices to prioritize student loan pay off, but espresso beverages and pastries sure aren't helping. I also know far too many people who eat lunch out instead of packing their own lunch to work, which could be around $3600 a year, and some of these people are the same people with the latte habit.  Then they go out to bars, etc. and get expensive drinks. This stuff adds up!

There are too many people out there with the attitude of "it's just a little bit of money," so the spending might as well be negligible, when it's quite the opposite if it's more like a daily ritual, something they always do on their commute, as normal as brushing their teeth in the morning. For some people, it's even a multiple-times-in-one-day habit.

That all being said, I do on occasion like going out to get a cafe beverage, usually a tea with steamed almond or soy milk, like 0-2 times a month. I can make all these things at home, so sometimes it's just about the experience, if I'm going to be out and about town.

OtherJen

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Re: Have as many $3 lattes as you want!
« Reply #53 on: August 14, 2019, 08:07:24 PM »
I do not buy "good beans" very often. I usually buy grocery store cans, about 2 pounds, for about $4.00 on sale. When you said the beans alone were about $1, that seemed incredibly expensive. So I found a "10 best beans" article and looked up the price on 2 of them. One was $25 and one was $14, both were 2 pounds, free shipping with prime. That's about $0.26 and $0.15 per cup. Can you give me an example of coffee that costs $48 per pound? Can't you get those beans pooped out of a rat for less than that?
https://www.amazon.com/Premium-Kopi-Indonesia-Civets-Arabica/dp/B07817693B/ref=asc_df_B07817693B/?tag=&linkCode=df0&hvadid=312068890447&hvpos=1o1&hvnetw=g&hvrand=7193386957505099206&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9018815&hvtargid=pla-716924841992&ref=&adgrpid=62425923272&th=1
First off, Kopi Luwak is evil... and not necessarily good either. Oh, and it's highly like to be fake (which to me is a relief):
http://nordiccoffeeculture.com/what-kopi-luwak-is-and-why-you-should-avoid-it/

Here's one place where you can find some good coffee though:
https://www.timwendelboe.no/coffee/
160 NOK for 250g, at 18g per epsresso or brewed coffee (20+ is typical for espresso, but let's be frugal here... 18g gives you a good brewed serving of about 1.5 cups), that's 11.5 NOK per espresso, or 1 Eur 20 / 1 dollar 35 / 1 pound 7 pence.

With those "top 10" brands you don't know what farm the beans even came from, never mind working conditions, processing, etc. (Moreover some of them are actually awful... "Death Wish" comes up a lot, because they claim to have "strong" coffee. It both smells disgusting and tastes disgusting.)

Admittedly most people can't taste the difference. My own choice is to not drink coffee unless its good, so I only occasionally drink very good coffee.

I am also extremely cultured in the art of drinking only really good coffee!  But I canít believe you drink that $1/cup swill.  Usually what I do is fly down to Colombia and rent a finca for the week.  Included with the stay is freshly roasted coffee picked right on the same farm.  I canít believe you donít even meet the person who picked your beans!

You trust someone else to pick your beans for you? You're probably getting the dregs then after all the good stuff is picked over.

The trick is to use the beans after they pass through the digestive tract of the person picking them.  That way you get the absolute best beans and the enzymes enhance the flavor.  There's actually a variety of indonesian coffee that uses this approach... I think it's called "kopi manusia"

I can't believe you don't pass the beans through your own digestive tract. Amateur.

dragoncar

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Re: Have as many $3 lattes as you want!
« Reply #54 on: August 15, 2019, 12:13:13 AM »
I do not buy "good beans" very often. I usually buy grocery store cans, about 2 pounds, for about $4.00 on sale. When you said the beans alone were about $1, that seemed incredibly expensive. So I found a "10 best beans" article and looked up the price on 2 of them. One was $25 and one was $14, both were 2 pounds, free shipping with prime. That's about $0.26 and $0.15 per cup. Can you give me an example of coffee that costs $48 per pound? Can't you get those beans pooped out of a rat for less than that?
https://www.amazon.com/Premium-Kopi-Indonesia-Civets-Arabica/dp/B07817693B/ref=asc_df_B07817693B/?tag=&linkCode=df0&hvadid=312068890447&hvpos=1o1&hvnetw=g&hvrand=7193386957505099206&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9018815&hvtargid=pla-716924841992&ref=&adgrpid=62425923272&th=1
First off, Kopi Luwak is evil... and not necessarily good either. Oh, and it's highly like to be fake (which to me is a relief):
http://nordiccoffeeculture.com/what-kopi-luwak-is-and-why-you-should-avoid-it/

Here's one place where you can find some good coffee though:
https://www.timwendelboe.no/coffee/
160 NOK for 250g, at 18g per epsresso or brewed coffee (20+ is typical for espresso, but let's be frugal here... 18g gives you a good brewed serving of about 1.5 cups), that's 11.5 NOK per espresso, or 1 Eur 20 / 1 dollar 35 / 1 pound 7 pence.

With those "top 10" brands you don't know what farm the beans even came from, never mind working conditions, processing, etc. (Moreover some of them are actually awful... "Death Wish" comes up a lot, because they claim to have "strong" coffee. It both smells disgusting and tastes disgusting.)

Admittedly most people can't taste the difference. My own choice is to not drink coffee unless its good, so I only occasionally drink very good coffee.

I am also extremely cultured in the art of drinking only really good coffee!  But I canít believe you drink that $1/cup swill.  Usually what I do is fly down to Colombia and rent a finca for the week.  Included with the stay is freshly roasted coffee picked right on the same farm.  I canít believe you donít even meet the person who picked your beans!

You trust someone else to pick your beans for you? You're probably getting the dregs then after all the good stuff is picked over.

The trick is to use the beans after they pass through the digestive tract of the person picking them.  That way you get the absolute best beans and the enzymes enhance the flavor.  There's actually a variety of indonesian coffee that uses this approach... I think it's called "kopi manusia"

I can't believe you don't pass the beans through your own digestive tract. Amateur.

Believe me, I would, but it wouldn't be ethically sourced because I do not consent.

magnet18

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Re: Have as many $3 lattes as you want!
« Reply #55 on: August 21, 2019, 02:11:57 PM »
i spent $1.10 on a bottled water yesterday and felt that same feeling of 'i'm so fancy, look at me everyone, i purchased a drink!'
i still have the bottle

I buy bottled smartwater

The bottles are high quality and last weeks of travel, and each comes with some free water

Anon in Alaska

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Re: Have as many $3 lattes as you want!
« Reply #56 on: September 01, 2019, 07:25:57 AM »
I _do_ have as many $3 lattes as I want. How many I want is less than one per year.

caleb

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Re: Have as many $3 lattes as you want!
« Reply #57 on: September 02, 2019, 03:04:26 PM »
The stop-buying-designer-coffee argument by financial types never works. It's not the coffee. It's the mentality that if you're so careless in one area of your financial life, you probably have much bigger financial issues. Starbucks is a symptom, not the problem.

There was a personal finance article in the Times a few weeks ago that looked at why we use fancy coffee as the moral yardstick for financial frivolousness.  The answer is that fancy coffee is the original avocado toast, starting in the 1990s.  It was a cultural signifier for part of the country (mostly young and urban) being - in the eyes of the older an/or rural folks - financially flip and undisciplined.  It wasn't really about the coffee, the coffee was just a sign that those folks over there are degenerates, which means that we over here who make our Folgers at home are therefore upright.

A Starbucks a day matters financially about as much as driving five or six miles a day.  Why don't we look at folks doing a short trip by car every day with the same sort of judgement?

WhiteTrashCash

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Re: Have as many $3 lattes as you want!
« Reply #58 on: September 02, 2019, 06:37:02 PM »
Just received a $25 Starbucks gift card from someone today as a gift which means I can purchase 2 lbs of Starbucks coffee beans which will turn into approximately 140 cups of homebrewed coffee. That would cost approximately $245 if bought by the premade cup at Starbucks. So I am going to be saving myself over $200 by not being an idiot.

TheGrimSqueaker

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Re: Have as many $3 lattes as you want!
« Reply #59 on: September 03, 2019, 10:29:58 AM »
The stop-buying-designer-coffee argument by financial types never works. It's not the coffee. It's the mentality that if you're so careless in one area of your financial life, you probably have much bigger financial issues. Starbucks is a symptom, not the problem.

There was a personal finance article in the Times a few weeks ago that looked at why we use fancy coffee as the moral yardstick for financial frivolousness.  The answer is that fancy coffee is the original avocado toast, starting in the 1990s.  It was a cultural signifier for part of the country (mostly young and urban) being - in the eyes of the older an/or rural folks - financially flip and undisciplined.  It wasn't really about the coffee, the coffee was just a sign that those folks over there are degenerates, which means that we over here who make our Folgers at home are therefore upright.

A Starbucks a day matters financially about as much as driving five or six miles a day.  Why don't we look at folks doing a short trip by car every day with the same sort of judgement?

A commute to work, if necessary to have that particular job, and if necessary to obtain affordable housing in a safe neighborhood, is regarded by many as part of what's necessary to earn a living. It's in the same category as appropriate work attire: an acceptable business expense. It's definitely possible to pare down the expense a lot by using public transit (an option for some) or making use of thrift stores (clothing analogy). Depending on where you live it's sometimes possible to walk to work. That's not viable everywhere-- it's been thoroughly discussed on some other threads and I won't repeat the debate points here.

Fancy coffee, however, doesn't have the same level of urgency because it's not something people need to remain employed in their line of work.

EricEng

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Re: Have as many $3 lattes as you want!
« Reply #60 on: September 03, 2019, 11:24:58 AM »
A Starbucks a day matters financially about as much as driving five or six miles a day.  Why don't we look at folks doing a short trip by car every day with the same sort of judgement?
You have some extremely high per mile cost on your vehicle if 6 miles = $3-6/coffee. 

Yes, some estimates of mileage cost are .50 to .60 per mile, but that is including a large percentage of depreciation which happens annually regardless of mileage.