GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you could read more about oureditorial guidelinesand our products and servicesreview methodology.
However, it is interesting to see how skipping that small indulgence could make a big difference over time.
Spending $5 a Day on Starbucks Coffee vs.
If you put that money into Starbucks stock, youd have $1,820.
After three years, youll have spent $5,475, or youll have $5,346 in stocks.
After four years, youll have spent $7,300, or youd have $7,273 in stocks.
After five years, youll have spent $9,125, or youd have $9,257 in stocks.
Spending $5 on Starbucks every day translates to $10,950 over six years.
If you invested that money instead, youd have $12,326 at this point.
After seven years, youd have spent $12,775, or youd have $15,592 in stocks.
After eight years, youd have spent $14,600, or youd have $18,927 in stocks.
After nine years, youd have spent $16,425, or youd have $21,944 in stocks.
At the 10-year mark, youd have spent a whopping $18,250 on your daily coffee.
After 15 years, youd have spent $27,375, or youd have $77,294 in stocks.
After 20 years, youd have spent $36,500 on coffee, or youd have $172,438 in stocks.
After 25 years, youd have spent $45,625, or youd have $352,956 in stocks.
After 30 years, youd have spent $54,750, or youd have $955,580 in stocks.
When Should You Spend and When Should You Invest?
Commenters on Erlichmans post were divided on whether indulging in coffee or investing that money is the better option.
The coffee would bring me way more happiness than that money could, one commenter shared.
Others found Erlichmans point compelling.
Love the way you show the power of a 30-year compound, wrote another commenter.
So simple and so true.
More From GOBankingRates
Share This Article:
