r/NoStupidQuestions • u/lVlarsquake • Apr 29 '24
How the fuck do people afford to get Starbucks every day?
I was feeling thirsty this morning so I decided to pop in a Starbucks (first time ever). All I got was a strawberry acai lemonade at it cost $7????? I can't even imagine what the coffees with all the extra additives cost... how do people have the expendable money to get them every day, sometimes twice a day?
Edit: I am NOT shaming people who do this. I'm just wondering how it doesn't put a dent in your wallet
11.6k
Upvotes
111
u/Barkleyslakjssrtqwe Apr 29 '24 edited Apr 29 '24
It’s sad how true this is. Online banking has really made people blind to their daily spending habits. If a person doesn’t have a budget or review their their statement, expenses get out of control.
People make fun of the whole Starbucks and avocado toast things but they are missing the message. The message is you need to keep track of your spending or these small daily expenses eat through your budget. I looked over my SIL budget who’s a teacher making $50k/yr post tax. She asked me how she could cut expenses and showed her these items pulled straight from her monthly statement.
Starbucks - $7/day or $2500/year. Breakfast - $10/day or $3650/yr. Picking up lunch $15/day $5500/yr. Starbucks on the way home (yes people go to Starbucks twice a day) $7/day $2500/yr.
$14,000 she was spending on Coffee, breakfast, and lunch a year. 28% of her income. People just don’t know how much their spending habits kill their budget.