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How much is your coffee (and lunch) costing you?

Posted August 31, 2017 by MoneyLink

How making small adjustments to your spending habits can make a real difference…

Flat white, skinny cap, chai latte… what’s your coffee really costing you?

$5 x 365 days = $1,825 per year

Whoa. That’s a lot of cash. What could you do with this? It would buy a good espresso machine and then you can make unlimited coffees!

Imagine if you bought two coffees a day? Some people do.

You gotta eat, right?

Are you a ‘packer’ or a ‘popper’? Do you pack your lunch every day, or do you pop down to the local café for lunch?

The average cost of lunch?

$15 x 5 days per week = $75 per week or $3,900 pa

What could you do with that money? Between the coffee and lunch money, you’ve now spent $7,550 yearly (lunch and two coffees a day).

Drumroll please, you’re about to hear an astounding fact.

You could pay off your mortgage in 10 years instead of 30 if you were paying an additional $7,550 a year off (based on a $300k loan).

Here’s a simple mortgage calculator tool – check it out for yourself!

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