This weeks Infographic Of The Week is titled “Coffee and Credit Cards.” While we aren’t literally just talking about coffee, it does represent transactions that are as small as a cup of coffee. I found it very interesting how much money small transactions account for.
Let’s think about how many times we’ve said “It’s only $5.00.” I know I’ve done it more than a few times. Well these transactions add up very fast. The US national average price for a cup of coffee is $1.38 and between $2.50 and $5.00 if you prefer a bit more expensive cup from say Starbucks. So even if you’re getting the cheaper cup, you’re going to pay $502.32 a year in coffee (about the price of my yearly homeowner’s insurance). Opting in for the most expensive cup is an amazing $1,820 a year in coffee. Now this is just coffee, how many of us eat out at least once a day? Even if you only have a fast food meal every other day which is also about $5.00, probably more, ends up costing you over $900.00 a year.
That is only part of what this infographic covers. Take a look for yourself.
Infographic Of The Week courtesy of CreditDonkey.