Comments on: Good News For Your Budget: Starbucks To Close Another 300 Stores http://thepassivedad.com/2009/01/good-news-for-your-budget-starbucks-to-close-another-300-stores/ Sharing Passive Income and Money Saving Tips Wed, 07 Jul 2010 21:28:25 -0700 hourly 1 http://wordpress.org/?v=3.0 By: The Frugal 5 Roundup | Semi Frugal Guy http://thepassivedad.com/2009/01/good-news-for-your-budget-starbucks-to-close-another-300-stores/comment-page-1/#comment-2508 The Frugal 5 Roundup | Semi Frugal Guy Mon, 02 Feb 2009 15:54:51 +0000 http://thepassivedad.com/?p=847#comment-2508 [...] The Passive Dad - Good News For Your Budget: Starbucks To Close Another 300 Stores – This article goes back to my story on the latte effect. It’s really hard to believe how much some spend on coffee and how easy it is to just buy a can of coffee and make it yourself and save literally thousands of dollars a year. [...] [...] The Passive Dad – Good News For Your Budget: Starbucks To Close Another 300 Stores – This article goes back to my story on the latte effect. It’s really hard to believe how much some spend on coffee and how easy it is to just buy a can of coffee and make it yourself and save literally thousands of dollars a year. [...]

]]> By: Scott http://thepassivedad.com/2009/01/good-news-for-your-budget-starbucks-to-close-another-300-stores/comment-page-1/#comment-2484 Scott Sun, 01 Feb 2009 06:59:45 +0000 http://thepassivedad.com/?p=847#comment-2484 @ Saver Queen Great question. Since I was spending $2,000 a year and we didn't have CC debt, I started 529 accounts for our kids. I started with $1,000 in each account and now contribute $100 a month for each child. Comes out to $2400, the amount I spent at Starbucks. So technically, Starbucks will send my kids to college :) @ Saver Queen

Great question. Since I was spending $2,000 a year and we didn’t have CC debt, I started 529 accounts for our kids. I started with $1,000 in each account and now contribute $100 a month for each child. Comes out to $2400, the amount I spent at Starbucks. So technically, Starbucks will send my kids to college :)

]]> By: Saver Queen http://thepassivedad.com/2009/01/good-news-for-your-budget-starbucks-to-close-another-300-stores/comment-page-1/#comment-2483 Saver Queen Sun, 01 Feb 2009 06:50:09 +0000 http://thepassivedad.com/?p=847#comment-2483 pfincome - it sounds like a lot but I do not think this is atypical for many people - in fact I know lots who spend way more than this! seems crazy though eh - just think of how the money could be spent... Scott, what are you going to do with all the money you'll save? pfincome – it sounds like a lot but I do not think this is atypical for many people – in fact I know lots who spend way more than this! seems crazy though eh – just think of how the money could be spent… Scott, what are you going to do with all the money you’ll save?

]]> By: Scott http://thepassivedad.com/2009/01/good-news-for-your-budget-starbucks-to-close-another-300-stores/comment-page-1/#comment-2480 Scott Sun, 01 Feb 2009 03:28:01 +0000 http://thepassivedad.com/?p=847#comment-2480 @ Mike You are absolutely correct from the jobs standpoint and potential loss of health care for thousands of employees. This is a bad situation for them right now. I used to work at Starbucks when I was in college, so I do feel for the people losing jobs right now when stores are closing. With people having to cutback on expenses, Starbucks and stores like Jamba Juice will probably suffer. I meant that Starbucks was a way that I spent over $2,000 frivolously and now the temptation will be reduced for many people in a similar situation. Should I have set a budget for coffee and stuck to it? Absolutely. Do other people purchase a $4.00 latte and charge it to Visa. Sure. Should we all brew coffee at home and save money? You bet. With this current recession I'm sure more and more people will be dusting off the coffee makers and brewing the morning Joe at home. @ Mike

You are absolutely correct from the jobs standpoint and potential loss of health care for thousands of employees. This is a bad situation for them right now. I used to work at Starbucks when I was in college, so I do feel for the people losing jobs right now when stores are closing. With people having to cutback on expenses, Starbucks and stores like Jamba Juice will probably suffer. I meant that Starbucks was a way that I spent over $2,000 frivolously and now the temptation will be reduced for many people in a similar situation. Should I have set a budget for coffee and stuck to it? Absolutely. Do other people purchase a $4.00 latte and charge it to Visa. Sure. Should we all brew coffee at home and save money? You bet. With this current recession I’m sure more and more people will be dusting off the coffee makers and brewing the morning Joe at home.

]]> By: Mike @ TheThriftyLife http://thepassivedad.com/2009/01/good-news-for-your-budget-starbucks-to-close-another-300-stores/comment-page-1/#comment-2477 Mike @ TheThriftyLife Sat, 31 Jan 2009 18:33:03 +0000 http://thepassivedad.com/?p=847#comment-2477 The other side of the coin - Bad news if you work at Starbucks and your store is closing. 300 stores sounds like a large number of part-time jobs getting cut as well. And considering Starbucks is one of the few employers that offers health care and benefits to part-time employees, this could be considered a blow for those who rely on their job at Starbucks. For example, those working an extra job to supplement their income. Relying on a store to shut down is a pretty heavy handed solution for saving money. If you didn't have the willpower to stop buying a stupid cup of coffee, I have a feeling you're more likely to find another store to buy that coffee, than to give up buying the coffee entirely. The other side of the coin – Bad news if you work at Starbucks and your store is closing. 300 stores sounds like a large number of part-time jobs getting cut as well. And considering Starbucks is one of the few employers that offers health care and benefits to part-time employees, this could be considered a blow for those who rely on their job at Starbucks. For example, those working an extra job to supplement their income.

Relying on a store to shut down is a pretty heavy handed solution for saving money. If you didn’t have the willpower to stop buying a stupid cup of coffee, I have a feeling you’re more likely to find another store to buy that coffee, than to give up buying the coffee entirely.

]]> By: Scott http://thepassivedad.com/2009/01/good-news-for-your-budget-starbucks-to-close-another-300-stores/comment-page-1/#comment-2470 Scott Sat, 31 Jan 2009 00:33:01 +0000 http://thepassivedad.com/?p=847#comment-2470 @ Greener Pastures Pete's Coffee has more options for fair trade as does Trader Joe's and other retailers. I guess Starbucks is focused on mass production coffee. @ Greener Pastures

Pete’s Coffee has more options for fair trade as does Trader Joe’s and other retailers. I guess Starbucks is focused on mass production coffee.

]]> By: Greener Pastures http://thepassivedad.com/2009/01/good-news-for-your-budget-starbucks-to-close-another-300-stores/comment-page-1/#comment-2463 Greener Pastures Fri, 30 Jan 2009 11:39:42 +0000 http://thepassivedad.com/?p=847#comment-2463 I love Starbucks coffee, too. But I've cut back on my visits there as well. When I do go I'll often splurge on some of those fancy drinks. Gingerbread Lattes are my fav. I've been watching them - and their website and stock - for a while. They don't seem to have adjusted with the times. For example, if they had more fair trade and organic coffee, I think that would pull in a certain customer that they're not getting right now. Also, even when they say they are, they're not giving anything away. They just started a new program where you pay $25 for the year and get, supposedly, all these cool discounts. But when I looked at it the deals closely, the card doesn't pull its weight at all. I love Starbucks coffee, too. But I’ve cut back on my visits there as well. When I do go I’ll often splurge on some of those fancy drinks. Gingerbread Lattes are my fav.

I’ve been watching them – and their website and stock – for a while. They don’t seem to have adjusted with the times. For example, if they had more fair trade and organic coffee, I think that would pull in a certain customer that they’re not getting right now.

Also, even when they say they are, they’re not giving anything away. They just started a new program where you pay $25 for the year and get, supposedly, all these cool discounts. But when I looked at it the deals closely, the card doesn’t pull its weight at all.

]]> By: Scott http://thepassivedad.com/2009/01/good-news-for-your-budget-starbucks-to-close-another-300-stores/comment-page-1/#comment-2457 Scott Fri, 30 Jan 2009 04:55:28 +0000 http://thepassivedad.com/?p=847#comment-2457 @PFincome Yep, I spent over $2k a year on Starbucks. I bet they would be willing to make a decaf Americano, which is basically the same as a cup of decaf coffee. I wonder if Starbucks would ever consider lowering prices to try and increase sales. Probably not. @PFincome

Yep, I spent over $2k a year on Starbucks. I bet they would be willing to make a decaf Americano, which is basically the same as a cup of decaf coffee. I wonder if Starbucks would ever consider lowering prices to try and increase sales. Probably not.

]]> By: pfincome http://thepassivedad.com/2009/01/good-news-for-your-budget-starbucks-to-close-another-300-stores/comment-page-1/#comment-2456 pfincome Fri, 30 Jan 2009 04:21:48 +0000 http://thepassivedad.com/?p=847#comment-2456 Wow - $2,000 a year in coffee? I love coffee too, although I prefer McDonald's over Starbucks. I heard that Starbucks will no longer brew Decaf in the afternoons and evenings to cut costs. Wow – $2,000 a year in coffee? I love coffee too, although I prefer McDonald’s over Starbucks. I heard that Starbucks will no longer brew Decaf in the afternoons and evenings to cut costs.

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