International Coffee Day: How Reduce Your Coffee Spending

Today, September 29th, is International Coffee Day. Coffee plays a big part in our everyday life! We have coffee in the morning; coffee and a catch up with old friends; going for coffee with your new date – we drink coffee morning, day and night with friends, family, and business associates. You have only to walk down the nearest high street and note the number of coffee chains to realize the extent of our love for our favorite caffeinated beverage. But the truth is, coffee is also costing us a good amount of our change! Statistics show that average American spends $92/month on coffee or $1,100/year. And if you’re not a millionaire, this is a nice chunk of cash that you could utilize in other ways! Here are a few suggestions from UKRFCU that can help you reduce that number down quite a bit:

Make coffee at home

Coffee is very simple to make, so there is no reason why you should be paying $5 per cup for someone else to make it for you. Besides, a coffee maker costs just a few dollars more than what you likely spend on coffee on a monthly basis. This one time investment can save you hundreds over the next few months.

Go with a cheaper alternative

If you don’t like the way you or your spouse makes coffee, there is no problem with going out and purchasing a cup of coffee, but where you get it can make a big difference. Decide for yourself if the $5 cup of coffee is much different than the $2 cup. That $3 saving can add up to hundreds of dollars over time!

Go with a size smaller

If you insist on drinking coffee from your favorite place, but still want to save some money, consider going with a size smaller. It might just benefit your pocket and your heath!

Sign up for rewards

Nearly every coffee place now a days has a rewards system! You can be getting rewarded for your everyday purchases of your favorite caffeinated drink, and can then redeem your points for free cups of coffee!

Signup for UKRFCU eStatements

UKRFCU is giving away $5 Starbucks cards to all members who signup for eStatements in the month of September 2020.

Follow UKRFCU on Social Media

We love rewarding out members with different gift cards and gifts! One way that we frequently do it is through giveaways and contests on social media! Follow UKRFCU on our social media such as Instagram and Facebook to have a chance to win!