Frugal

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Discuss how to save money.

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RarePepeCollector@lemmy.world

I calculated that I could save roughly 280€ a year by switching to a cheaper brand of coffee (feddit.uk)

submitted 1 day ago by Iconoclast@feddit.uk to c/frugal@lemmy.world

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The one I'm drinking right now is 6.76€ and the cheapest one is 1.28€.

First of all - what a price difference. Secondly, it's actually not bad. It does have that faint "cheap coffee" taste, but after a few cups I barely notice it anymore.

The real question is: is the tradeoff worth it? Do I give up a few percent of enjoyment on every single cup just to save the equivalent of a month's grocery bill yearly? I'm not in any dire financial spot - frugality is basically a hobby/lifestyle for me at this point - but it's getting rarer and rarer to find ways to pocket savings of this level anymore.

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[–] SuperApples@lemmy.world 3 points 19 hours ago

I think 280€ is a huge saving. I think of saving holistically, rather than each individual item. If you make similar savings on three other annual expenses, that's 1120€ more in your savings account earning 50€ p.a.

If your 1.28€ coffee is costing you 50€ a year, coffee is now FREE for the rest of your life! When we were saving to quit our jobs, this is how we motivated ourselves; with a list of expenses and we got to cross them off one by one as they were covered.

Not only are you saving more money now, you'll actually need less money to maintain your lifestyle. Every $1 saved in a recurring expense is more like $2 saved in that way.

Don't always go for the cheapest item though - shop around! The homebrand Lidl coffee is my choice in Europe, but it's not as good as the homebrand Aldi coffee in Australia... but the Woolworths one tastes like bong water. If I lived in one place rather than travelling though, I'd get a moka pot and use beans rather than instant.