Saturday, December 12, 2009

How to save $220 a month without even trying

No, this is not an advertising feature for the next big u-beaut savings scheme. Like I’d know anything about that! This is a tried and nearly true method to accommodate your next big fashion spend. Although I must warn you, if you are a coffee maker or manufacturer then this is probably not for you. So, there I was a couple of months ago enjoying a good coffee with DH - universal forum speak for “dear hubby” - about my need for a new pair of slacks for work. In an effort to provide a positive solution while still pointing out my insatiable desire to spend, DH suggested I give up coffee and instead put the money toward said trousers. I nearly choked on my regular decaf soy flat white, my coffee combination of choice and stared at him as though he had suggested that I give up shopping altogether. What did he mean give up coffee? Coffee is nothing, a small daily indulgence that was at best a teeny tiny kink in the monthly budget. It had got me through the first three years following BB1 - universal Milla speak for Beautiful Baby #1, and had been keeping me relatively sane six months post BB2. It was my upper in the morning and prevented me from crawling into a corner and falling asleep in the afternoon. Was he mad? After all, I am just your average, run-of-the-mill coffee drinker. Two a day on most days, sometimes one, very rarely three. At an average of $4.00 per coffee, it seemed inconsequential in the grand plan at the time of purchase. Then I started to do the sums.

$4.00 a coffee is $8.00 a day: $56 a week: $224.00 a month! Oh my god that is a new pair of shoes and a clutch from Wittner right there. He was right.

I decided to test this and drop my coffee intake to one cup a day. Using my theory of averages, I put the remaining $4.00 into a jar each evening. Within 4 weeks I had saved over $150 and paid off BB2’s glamour portrait collection I‘d commissioned on credit (!) the month before. Not only was I surprised at how quickly the dollars mounted up without even knowing it, but I was shocked and speechless when I realised there were days I didn’t drink coffee at all!!! I know, can you believe it.
So the next time you reach for that loyalty card, just remember. If you stopped drinking coffee and put $8.00 away every day and you did this for 12 months, then that gorgeous hot pink quilted chanel handbag could really be yours.


  1. Hey MF,
    Great tip. The same kind of tips can be found in a book called "The Savvy Girls Money Book" by Emily Chantiri

    I read it when it first came out, but think it may be time for another read.

  2. A very good tip! I suggest that you spend the first month's savings on a good coffee machine and the second month's on a barista course ... then you will be able to save money for great clothes and still have great coffee! (It works for me!)


I'd love to have a conversation with you so please leave me a comment. MFS xxx

Related Posts Plugin for WordPress, Blogger...