A lot of people tell you that a great way to pinch some pennies is to cut out the buying the daily cup of coffee. Whilst I agree with that I think there may be a missed opportunity.
Purchasing coffee and drinks every day obviously costs money but what if you owned the store? I’m not talking about starting a franchise here, I mean a little store, so little that you are the only customer.
Well, this is my new coffee house, it’s tiny isn’t it?
You may be wondering what on earth I am talking about, have I gone a little mad? The idea came to me the other day. I buy a few coffees and sodas each week. I could benefit from just having the same coffee with me in a travel mug or buying a bigger pack of sodas from a supermarket and taking one with me for my treat. I probably drink 1-2 black coffees a day and about 1-2 sodas a week right now. The soda normally comes from the store and costs a few dollars, probably 3-5 coffees a week are purchased at $3-$4 (we are talking New Zealand dollars here if that seems expensive).
However having my own little store that I profit from will surely give me an incentive to get these coffees and sodas from my own stock at home, right?
That is where the envelope store comes in. Each time I have a coffee and soda at home I am going to put $1-$2 in the envelope.
What is the point?
After a few weeks I am sure the envelope will be bursting. I would have saved a nice little wad of cash without really missing the few dollars here and there. What one does with that money can of course vary depending on budget priorities. I think I am going to put it into a travel savings pot.
What do you think of the idea? Would you give it a try?