Hello folks! Happy Monday!
It’s been quite a while since I last posted a “savvy consumer tip” – the last one was over a year ago! So as I was sipping on my morning cuppa, I thought it would be fun to share with you a simple savings tip I practice.
If you’re like me and most other people, you’ll probably have a regular dose (hit!) of caffeine in the morning. You might have it at home, or on the way to work or at the office. Maybe you might have even more than 1 cup a day.
When I first came to Singapore, I no longer had the luxury of preparing and eating breakfast at home as I rent a room with no access to a kitchen. So, out of necessity, I began to buy my coffee (or tea, depending on how alert I felt in the mornings) from the local bakery downstairs near my office. No doubt it wasn’t Starbucks or Coffee Bean where the smallest/cheapest size goes for an average of SGD 6.00 or more but I was still spending SGD 1.20 a day on my coffee.
Doesn’t seem like much, but it did add up when I did my math. My cup a day habit cost me between SGD 35.00 – 40.00 every month. That’s like the cost of one lipstick every month (or in my case, one skincare product a month).
I told myself that all I really wanted was a cup of coffee in the morning. It didn’t have to be premium coffee as long as it woke me up. So, the next time I dropped by the local supermarket, I picked up a multi-pack of 3-in-1 coffee premix. 30 sachets for just SGD 6.90, which is more than the number of working days in any given month. The bonus was that the brand was throwing in an additional 5 sachets for free.
Cost of switch? Just the initial cost of buying my 3-in-1 mix = SGD 6.90
Savings? SGD 1.20 (weekdays) x 35 = SGD 42.00 – SGD 6.90 (initial cost) = SGD 35.10
In the long run? Assuming 1 year duration on average = SGD 420.00 (SGD 35 x 12)
Now, I’m only advocating that you do this if it makes you happy. If you need your daily Starbucks shot, or cannot stand the taste of premix, by all means go ahead and keep on doing what you’re doing. I’m happiest when I get to save money and still get what I want to make me (relatively) happy without feeling deprived.