Save Money On Coffee With A Home Espresso Maker
Personal finance guru David Bach made the "latte factor" a popular way to save money. It goes something like this: eliminating (or at least cutting back on) those expensive trips to Starbucks can save you a bundle of money, which then can be saved, invested, and become quite a nest egg at retirement. For instance, if you save $5 a day on specialty coffees, you'll save $1,825 a year. Save and invest that at 10% and 30 years down the road you'll have almost $400,000.
CNN Money takes a different approach, suggesting fine coffee lovers consider buying a home espresso maker.
That way, they can still save a good amount of money and yet still enjoy the specialty coffees they love. To this end, CNN has made it easy for people to select their own espresso maker by rating five of the top-selling models. The best marks went to the $400 Breville Die-Cast Espresso Machine (800ESXL). The worst was the $600 KitchenAid Pro Line Series KPES100.
That seems a little pricey. If you can do without the espresso, you can get very flavorful cups of coffee from a french press, which you can pick up for under $50. We like our Bodum ($29.99 at Amazon).
So if you're a three-Starbucks-a-day sort of person, it's probably worth it to buy a machine and make your own coffee. Save the difference you would have spent at retail and you'll be able to fund your retirement to boot.
A whole lotta lattes [CNN Money]
— FREE MONEY FINANCE
(Photo: mikelens)
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Comments:
Ebay occasionally has good deals on better espresso machines and I've also noticed that every few months in my area Macy's will offer a high end espresso machine at a deeply discounted price -- and I'm never around to go in and check them out and it's usually a very short duration (weekend only) type sale.
I ended up joining the Illy USA espresso membership thing. They sell you a deeply discounted espresso machine in exchange for a commitment to order their coffee products for a year. I ended up canceling my membership after about 14 months only because the espresso stockpile at home was growing faster than I could drink it. Once we finish what we have on the shelves we are going to sign up with Illy again (my GF needs a new espresso machine ...)
They also fail to mention that using a home espresso machine is not going to match the quality of buying a latte from a store that uses a semi-auto commerical quality espresso machine.
There's a reason that that two head La Marzocco machine costs $3,000, people. And it has to do with the internal heater, pressure system, and water supply.
It won't taste the same, and it's hard to perfect. Also, the average person is not going to be able to produce quality microfoam or a good crema without proper training.
So, the moral of the story is, drink french press coffee or brewed coffee at home, buy 1-2 lattes a week instead of 1-2 lattes a day, and save yourself the money by not buying a home espresso machine.
I hate french press coffee, you stew the coffee too much...
But if you are cheap, get a [www.bialetti.com] bialetti style stovetop expresso maker.
Cheap, effective, and easy to clean
@jesseraub: True, but if you're drinking lattes you've already decided that the flavor of the espresso isn't *that* important. Probably true for capps as well.
@Finder:
How about this one for $90? I have it and it works great. Was also very highly rated. [www.amazon.com]
I make my own latte every morning with a Briel pump machine. It makes good crema, and foams the milk just as nicely as anything I've gotten at Starbucks. I've been using both of these appliances without any problems for the last 2 years. Also, my nephew is a "barrista" and he swears by my latte.
Even if the taste from a home machine was good enough for you...you have to be committed to using it instead of going to Starbucks.
If you buy it and only use it 10% of the time while still going to Starbucks...it doesn't help you much.
I'd say the 'give it up' route is probably easier. But that's just me!
I don't support getting your own espresso machine, leave it to the experienced to make your esresso drinks. I'm a diagnosed coffee addict and have lots of coffee paraphernalia. I once had my own espresso machine (it was expensive), not only is it complicated and high maintenance and you can only make like 2 servings at a time, but it was dangerous. I got read of it after it burned my hand when the steam nozzle blew right off and steamed my fist.
You could save money, but there are other factors to consider:
1) The machine costs money, and will cost more money later when you have to replace it.
2) the Coffeee and filters cost money.
3) depending on what you like, you may have to sacrifice quality
4)A machine at home only saves you money for the starbucks you buy near your house. If you work downtown or otherwise buy your coffee drink away from home, a coffee machine at home doesn't help.
5) If you buy your Starbucks so that you can sit in the Starbucks and read the paper, the home machine doesn't help with that either.
@jesseraub:
A La Marzocco machine is $3000+ not because of the quality of espresso it can produce, but because it can run continuously without losing heat or pressure. It's also built to withstand all kinds of abuse that wouldn't be expected in a home or office setting.
Sure, a $30 machine from Walmart is going to produce crap, but spend a little more and you'll get some decent espresso (as long as you know what you're doing).
@ JESSERAUB, People can learn to steam milk properly and make espresso drinks. This is not rocket science. How many of your average college age crowd have worked at Starbucks at some point?
I wanted to perfect my steaming skills and found a very detailed article online. I can get an equally good microfoam out of my cheapie home machine. They are able to teach the average teenager to make a decent coffee I think most capable adults can learn it also.
My $50 Krupps is 5 years old so I think I have gotten my money back out of it. The big thing on my list of things to get is a new pump machine with a water tank. That is the only thing I really dislike about the cheap one. The shots are not as strong and thick as from a good quality machine.
I'm not a Starbucks customer (brew my own coffee and tea, thanks), but I imagine the resistance to this concept is that people are buying the experience, not just the java. They like actually going into a Starbucks, soaking up the atmosphere, and then carrying around their status-branded cup to a meeting or class or whatever. It's hard to fight all that seduction with a cup of home brew, no matter how economical.
@jesseraub: You're absolutely right. Baristas do have quite a bit of training to figure out grind packing, steam pressure, etc. So, if your espresso tastes poopy, maybe ask the people at your local espresso shop to show you the ropes? Just say that you're curious, and steal their corporate secrets. Speaking of which, you kinda sound like a Starbucks plant. "Microfoam" is what makes me question you. But, you might just be a "Good Eats" fan.
@yahonza: You sir, most definitely are a Starbuck's plant.
My big question is, what investment plan is yielding 10% average returns on long-term investments. Even mutual funds only promise 7%, and they're having trouble doing that nowadays.
Tell me, so I can turn my latte money into retirement.
For a very cheap alternative for expensive espresso machines, check out the Aerobie Aeropress:
[www.aerobie.com]
Tastes great, you can make your own Americanos, Lattes, Cappucinos (with one of those little battery powered stirrer things, also cheap) for less than $40.
Simple to use, easy to cleanup.. I take mine to work as an alternative to the awful office coffee!
@Skiffer:
Amen to the "3 coffees a day = problem"
Let's amend that to also include eating out 3 times a day and cutting 15-30$ on food to 5-20$.
I don't drink coffee all that often, but I can share some advice for saving money on tea: buy it in bulk from asian markets (the kind that come in tins) and brew in a french press. A tin will cost under 5$ and last you like half a year, as opposed to a box of bagged tea lasting less than a month.
How long does it take to learn the ropes at Starbucks? Maybe a week tops?
I don't think learning to make a good esspresso is an issue.
Just if you'll use the machine you buy or fall back on buying your coffee.
I'm just saying if you think you won't use it you are just probably better off giving up coffee.
@Skiffer:
But, I'm pretty sure you can die from a lack of coffee...
Joking aside this article gives good advice, along the lines of "You'll cut your feet less if you wear shoes outside". Seems pretty obvious but not everyone can percieve that I suppose.
@yahonza:
The machine, coffee, and filters cost money of course but not as much as going to your favorite coffee shop does. Even replacement costs are not that bad, it isn't like you're buying an expresso maker or coffee maker every two months. My expresso maker has been chugging along for two years and my coffee maker has been going for threee. Quality wise there are plenty of specialty shops that carry higher grade coffee beans, I used to go this route before marriage and children. For coffee at work I bring a thermos.
A year ago a we got an expresso maker as a gift. It makes great coffee and we use it every day. Search Amazon for "Lello 1375 Cremissimo". It's only $125 but apparently it is able to create the high pressure needed to make good espresso. It seems to have quite a following.
But why is the $5 a day coffee habit such a regular target for these saving pronouncements? If a $5 coffee makes you happy, then make yourself happy everyday. We should all be so lucky. Besides, before you get too excited about turning $5 a day into $400,000 after 30 years, please consider the not insignificant issues of inflation and taxes. Show me where I can get an after tax, after inflation return of 10% on average for 30 years. That would be quite an investment.
I love my little cheapo Krups machine. It foams the milk very nicely and has lasted for over 4 years. I will go to a Starbucks or Its a Grind for the fancy flavorings that I don't normally buy, but for everyday, DIY is great, and takes less time than to park and stand in ungodly long lines in the morning.
I went to ross and got an imitation 3 cup french press for $5.99. It makes a far better tasting cup than my $100 Bunn dripper (which lives at the office now), and there's virtually zero waste. My fiancee and I truly don't drink that much coffee, and with the bunn we were dumping out at least 3 cups of old coffee each morning. My next *big* investment will be the bodum eileen 8 cup french press, so I don't have to press twice every morning to make our coffee.
The burr grinder I got from Target was $25. It makes a lot of dust even on the coarsest setting, but due to the miracle of static cling, it sticks to the side of the collection cup and is easily scraped out without mixing with the coarse grounds. This site is an excellent coffee resource:
[www.coffeegeek.com]
@B: I'll say it again and again. Coffee and tea = apples and oranges. Why do some people drink coffee and not tea? THEY'RE NOT THE SAME THING. Contrary to some popular belief, tea and coffee aren't consumed solely for their caffeine content. Comparing them proves nothing.
@tadowguy: Save money by not spending money on anything that you like or makes you happy, just because it costs money.
@priznat: I second PRIZNAT's recommendation; I've had an Aeropress for about a year and am very, very happy with it.
It's easy to use, easy to clean, and most importantly makes a great cup of espresso or Americano-style coffee.
Now the coffee monkeys at SBux are professionals? I mean making up a name like Barista was bad enough now I'm supposed to regard them as if they were a PhD or MBA instead of a minimum wage earner who will be someplace else in a year? I'll treat them politely as I would anyone else who hasn't managed to escape the service industries yet (I did my time), but calling them professionals? Wow...tho I wouldn't be surprised to find out that there was in fact a college degree program in coffee.
reg
@Alvis: Coffee *does* taste good though. I have cuppa of espresso every morning. black. no sugar. no milk.
Okay... after reading all this I had to go make a macchiato before I posted (oh, and that's a proper macchiato, not a sweetened caramel-filled Starbucks dessert.) I usually brew with a drip machine in the morning because I'm lazy. I have a Krups non-pump espresso/cappuccino machine (free 2nd-hand... I wouldn't BUY one without a pump, but with a little experience and good coffee in, this one makes a decent espresso and one can actually learn to steam the milk fairly well.) I also have a Bialetti Musa coffee maker (what people call a "stove-top espresso maker) that's moved back and forth from Italy with me a few times, and a french press. Maybe I have a problem...
At any rate, coffee seems nearly as bad as politics for the number of stubborn closed-minded people who've determined that their way is best and they'll consider no other. I'll pick up Starbucks every once in a while if I'm traveling and don't know of anything better around, but I don't think it's "all that" and always prefer to find a local business. They often make better coffee, and sometimes even cost less.



















I agree with the Bodum french press. I LOVE mine.