Each person has different customs, some prefer to have coffee at a bar during the morning in the rest of the working day And others prefer to take it at home before going to work. Despite not being very expensive, paying a coffee every day ends up assuming, in the long term, more money than we imagine.
Wall Street experts, the place where the two largest bags of the world are housed by total stock market capitalization (the New York and Nasdaq bag) have explained in the channel of the channel CNBC All the money that can be saved by avoiding coffee in the morning away from home.
You may be interested
The price of light today Wednesday, September 3, 2025: the cheapest hours and faces within the PVPC
A farmer is going to clean his shrub farm and find thousands of tickets, but the police had a surprise for him
Change daily coffee for a small investment
One of them is David Bach, an American millionaire to which the concept known as Latte factor. The idea is simple: abandoning coffee with milk every morning, or any small luxury that is enjoyed regularly as fast food, soft drinks …
“We all discard too much money in unnecessary small expenses without realizing how much they can add,” he explains. In fact, if these savings are invested, they would earn even more over time thanks to interest.
To demonstrate his concept, Bach consulted the numbers: if at the breakfast every morning we leave around five euros, at the end of the year we would save almost 2,000 euros.
“There is a terrible advice that says: ‘Do not buy coffee with milk, invest the money and become a millionaire,” the former Wall Street and CEO executive explained a few years ago: “There are certain things that do not work that way.”
The real cost of coffee “is what is stopped winning”
As the expert defends, there are formulas to reuse that amount in other destinations that can generate dividends. That same money, destined for a savings fund or invested in a simple long -term product, can become a considerable amount over the years thanks to the compound interest. That is to say; The real cost of the coffee effect is not only what is spent, but what is stopped winning.
For its part, Suze Oreman, also a financial expert. Follow this line because it does not consider coffee as a necessary expense. “I would never buy a cup of coffee anywhere. I can pay it, but I would not waste money that way,” he says.
Ramit Sethi also talked about it, the best -selling author of ‘I will teach you to be rich’ who clarified that giving up one or two coffees in the morning, is something that can be worth it. Now, under his point of view, instead of focusing on abandoning coffee, Sethi recommends first administering the long -term objectives, putting money in savings and investments every month.
Coffee is not the problem itself, but what it represents
In Spain, the average price of a coffee in any hospitality stores ranges between 1.50 and 2 euros, depending on the city. If someone consumes a single daily coffee away from home, they would be allocated between 540 and 730 euros per year only to this custom. And if we talk about two coffees a day, the figure shoots more than 1,400 euros a year, which could be equivalent, for example, to make a vacation trip.
Experts agree that coffee is not the problem itself, but what it represents: small expenses, almost imperceptible, which repeated daily prevent saving. The same goes for subscriptions of streamingmeals away from home or tobacco.
In a country where, according to data from the Bank of Spain, the average savings of households barely reaches 7% of its income, controlling these types of expenses, known as ant expenses, can make a difference between reaching the end of the adjusted month or being able to allocate a part of our salary to build a financial mattress.