Every morning, on the way to work, I buy a large coffee for $3. The coffee shop runs a loyalty card scheme to retain my custom in exchange for free drinks. It works like this:
1. Buy 9 coffees ($27) - get one free
2. Buy another 8 coffees $24) - get one free
3. Buy another 7 coffees ($21) - get one free
4. Buy another 6 coffees ($18) - get one free
5. Repeat again from step 1.
By spending $90 ($27 + $24 + $21 + $18) on coffee I get four drinks free, worth $12. Without the scheme, the total 34 drinks would cost me $102, so with my free coffees I make an overall saving of 12%. Pretty good, but still a lot to spend of coffee, especially when I can make a cup of tea at work for nothing.
How can I maximise my value for money?
Medium coffees are $2.40 and aren't much smaller, they contain the same amount of coffee but slightly less milk. What if I only buy medium coffees, but take a large one as my free drink? Then how much do I save?
Cost: 30 x $2.40 = $72
Free: 4 x $3 = $12
Total value: $84
Saving: 14%
Not bad, every little helps. The next step is coffee for friends. There are two other people in my office who need a morning caffeine hit, so I offer to pick up their drinks on my way in, but keep using my loyalty card. So now I get more free drinks without spending as much:
X = My coffee, 0 = Friends' coffee
XOOXOOXOO - 1 free
XOOXOOXO - 1 free
OXOOXOO - 1 free
XOOXOO - 1 free
Combining this with the previous strategy, for every ten medium coffees I buy, I now get four large for free.
Cost: 10 x $2.40 = $24
Free: 4 x $3 = $12
Total value = $36
Saving = 33%
I save a load of money on my coffee, the barista gets my regular trade, and my friends get their coffee delivered. Everyone's a winner. (But I still hope none of them finds out.)
Showing posts with label coffee. Show all posts
Showing posts with label coffee. Show all posts
Friday, April 13, 2007
How to save 33% on your coffee
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