Coffee is bad! (For Your Wallet, Sometimes)

We can all agree that coffee is great. It tastes great and perks us up and just makes the entire day all the more bearable. However, if you are one of the millions that have fallen in love with designer coffee blends and latte arts, (and honestly, who can blame you) you may have noticed that your day-to-day budget has suffered somewhat of a hit. If getting your caffeine fix often means that you tend to scrimp on other aspects of your life, like getting a nice meal, or buying that Nike Air Max you’ve been wanting for months, then maybe you should strongly consider downgrading your coffee requirements.

One easy way of doing this is by simply cutting down on coffee shop drinks and getting used to drinking instant coffee on a more regular basis. While yes, this does take away a lot of the pleasure from the act of drinking coffee, remember that we imbibe caffeine for the simple purpose of waking ourselves up. Sometimes, sticking to the basic necessities is often a compromise that makes our wallets—and us—very happy.

Another key thing here is mindset. If you think about expensive coffee as more of a reward instead of a daily necessity, you can save more money much easier. Treat yourself to a nice cup of java from your favorite coffee shop when you feel like you’ve earned it. This minor sacrifice will go a long way in giving you a measure of financial comfort.

Remember, coffee is great. No one is denying that. Spending too much on it? Not so great.

CompareHero is the leading Malaysian financial comparison platform, aimed at helping Malaysians save time and money. Visit CompareHero here.