Annie
Diamond Member
- Nov 22, 2003
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I am a coffee fiend, I admit it. I drink way too much of the stuff. Because of that, I tend to like weak coffee, which Starbucks is not. However, my excercise regime includes a 2 mile walk to Starbucks at least 3 times a week. I usually get an 'iced coffee', black-regular stuff. Cheap as Starbucks can be. Now the lattes are about 75% more expensive, imagine doing that on credit! :fifty:
Think about it, $4000 in Starbucks over 10 years! That could seriously impact what career choices you make:
http://www.washingtonpost.com/wp-dyn/content/article/2005/06/17/AR2005061701226.html?nav=rss_nation
Think about it, $4000 in Starbucks over 10 years! That could seriously impact what career choices you make:
http://www.washingtonpost.com/wp-dyn/content/article/2005/06/17/AR2005061701226.html?nav=rss_nation
Javanomics 101: Today's Coffee Is Tomorrow's Debt
The Latte Generation Hears a Wake-Up Call
By Blaine Harden
Washington Post Staff Writer
Saturday, June 18, 2005; A01
SEATTLE -- At a Starbucks across the street from Seattle University School of Law, Kirsten Daniels crams for the bar exam. She's armed with color-coded pens, a don't-mess-with-me crease in her brow and what she calls "my comfort latte."
She just graduated summa cum laude , after three years of legal training that left her $115,000 in debt. Part of that debt, which she will take a decade to repay with interest, was run up at Starbucks, where she buys her lattes.
The habit costs her nearly $3 a day, and it's one that her law school says she and legions like her cannot afford.
It borders on apostasy in this caffeine-driven town (home to more coffee shops per capita than any major U.S. city, as well as Starbucks corporate headquarters), but the law school is aggressively challenging the drinking habits of students such as Daniels.
"A latte a day on borrowed money? It's crazy," said Erika Lim, director of career services at the law school.
To quantify the craziness, Lim distributes coffee-consumption charts. One shows that a five-day-a-week $3 latte habit on borrowed money can cost $4,154, when repaid over 10 years. She also directs students to a Web site she helped create. The "Stop Buying Expensive Coffee and Save Calculator" ( http://www.hughchou.org/calc/coffee.cgi ) shows that if you made your own coffee and for 30 years refrained from buying a $3 latte, you could save $55,341 (with interest)...