Comments on: How To Help Someone Addicted To Starbucks http://www.brokegradstudent.com/how-to-help-someone-addicted-to-starbucks/ Paying back $22,000 in student loans by making money online Thu, 09 Feb 2012 04:42:19 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Carol http://www.brokegradstudent.com/how-to-help-someone-addicted-to-starbucks/comment-page-1/#comment-123 Carol Tue, 11 Dec 2007 23:43:08 +0000 http://brokegradstudent.com/how-to-help-someone-addicted-to-starbucks/#comment-123 I really liked Alan's comment and will be sure to check out his calculator. I use another type of calculation -- how much better off will someone else be with that money. I try to save it to tithe, send to an organization that I believe in or buy something for someone in need. I really liked Alan’s comment and will be sure to check out his calculator.
I use another type of calculation — how much better off will someone else be with that money.
I try to save it to tithe, send to an organization that I believe in or buy something for someone in need.

]]> By: Ricardo Bueno http://www.brokegradstudent.com/how-to-help-someone-addicted-to-starbucks/comment-page-1/#comment-118 Ricardo Bueno Tue, 11 Dec 2007 11:36:55 +0000 http://brokegradstudent.com/how-to-help-someone-addicted-to-starbucks/#comment-118 I have a friend with a similar problem. But like your previous comments have suggested, she bought herself an espresso machine and let me tell you, that sucker runs good!!! She whipped up some great cappuccinos the last time I visited her...better than Starbucks (I know that's a bold statement but it's true). And having worked at Starbucks many years ago, I taught her how to make her daughter's favorite coffee, a Caramel Machiato! So if she's seriously considering buying a home, buying an espresso machine would be well worth the investment. Just make sure she get's a kitchen with enough counter space for the espresso machine. :) In economics the term Budget Constraint is used in studying the link between spending and income and what people can afford. It's our natural tendency to want to spend more and our spending is ultimately constrained by our income... An excellent way to monitor our spending is to buy a "Cash Receipts" book. Being self-employed, this has served well in my business! You set goals for yourself and you monitor your budget. Spreadsheets work well too but the book comes in handy (maybe I'm old fashioned). I have a friend with a similar problem. But like your previous comments have suggested, she bought herself an espresso machine and let me tell you, that sucker runs good!!! She whipped up some great cappuccinos the last time I visited her…better than Starbucks (I know that’s a bold statement but it’s true). And having worked at Starbucks many years ago, I taught her how to make her daughter’s favorite coffee, a Caramel Machiato!

So if she’s seriously considering buying a home, buying an espresso machine would be well worth the investment. Just make sure she get’s a kitchen with enough counter space for the espresso machine. :)

In economics the term Budget Constraint is used in studying the link between spending and income and what people can afford. It’s our natural tendency to want to spend more and our spending is ultimately constrained by our income…

An excellent way to monitor our spending is to buy a “Cash Receipts” book. Being self-employed, this has served well in my business! You set goals for yourself and you monitor your budget. Spreadsheets work well too but the book comes in handy (maybe I’m old fashioned).

]]> By: Broke Grad Student http://www.brokegradstudent.com/how-to-help-someone-addicted-to-starbucks/comment-page-1/#comment-108 Broke Grad Student Sun, 09 Dec 2007 22:06:55 +0000 http://brokegradstudent.com/how-to-help-someone-addicted-to-starbucks/#comment-108 Thanks for the link, Alan. I'll have to share it with my friend. Your comment got caught in my spam filter, which is why it wasn't showing up. Thanks for the link, Alan. I’ll have to share it with my friend. Your comment got caught in my spam filter, which is why it wasn’t showing up.

]]> By: Alan http://www.brokegradstudent.com/how-to-help-someone-addicted-to-starbucks/comment-page-1/#comment-95 Alan Fri, 07 Dec 2007 15:21:40 +0000 http://brokegradstudent.com/how-to-help-someone-addicted-to-starbucks/#comment-95 When making a purchase like coffee or some other item I don't really need, I look at it in terms of how many minutes of my life it cost to buy the item. If I realize that this stupid cup of coffee cost me 15 or 30 minutes of my life to earn the money to buy it, it usually keeps me from doing it. Have your friend check out the calculator from the My Money Blog. You put in the price of an item you're considering buying, the rate of return and the number of years and it tells you exactly how much the item costs you then. Each cup of coffee bought now is worth 17.29 in 30 years at an 8% return. If you're drinking 3 cups of coffee every day, thats almost 350 dollars a week after 30 years. As you know, saving a little bit every day or week begins to add up! Here is the link: <a href="http://www.mymoneyblog.com/archives/2006/11/true-cost-of-holiday-shopping-calculator.html" rel="nofollow">My Money Blog Calculator</a> When making a purchase like coffee or some other item I don’t really need, I look at it in terms of how many minutes of my life it cost to buy the item. If I realize that this stupid cup of coffee cost me 15 or 30 minutes of my life to earn the money to buy it, it usually keeps me from doing it.

Have your friend check out the calculator from the My Money Blog. You put in the price of an item you’re considering buying, the rate of return and the number of years and it tells you exactly how much the item costs you then. Each cup of coffee bought now is worth 17.29 in 30 years at an 8% return. If you’re drinking 3 cups of coffee every day, thats almost 350 dollars a week after 30 years. As you know, saving a little bit every day or week begins to add up!

Here is the link:
My Money Blog Calculator

]]> By: Broke Grad Student http://www.brokegradstudent.com/how-to-help-someone-addicted-to-starbucks/comment-page-1/#comment-90 Broke Grad Student Fri, 07 Dec 2007 00:32:31 +0000 http://brokegradstudent.com/how-to-help-someone-addicted-to-starbucks/#comment-90 Thanks for the great ideas. I'm pretty sure my friend already has her own coffee maker, but the problem is that she's always traveling. She's a flight attendant, so it's part of her job. In a sense, airports are like her second home, and they're filled with Starbucks. Carol, thanks for the tip. I'll have to try it the next time I meet up with my friend. Thanks for the great ideas. I’m pretty sure my friend already has her own coffee maker, but the problem is that she’s always traveling. She’s a flight attendant, so it’s part of her job. In a sense, airports are like her second home, and they’re filled with Starbucks.

Carol, thanks for the tip. I’ll have to try it the next time I meet up with my friend.

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