How Will My Decision To Stop Drinking Soda Affect Our Finances?
Recently, I decided to stop drinking (and buying) soda. And, when I say “recently”, I mean “today”.
In a few minutes I’m going to head to the grocery store. For the first time in years, I will not be purchasing sodas. I thought it might be interesting to run the numbers and see just how much I’ll save if I stick to my plan.
I’m embarrassed to admit that usually consume a 2 liter of Diet Mountain Dew every three days. Yikes! So, if we consider than an average 2 liter costs $1.25, and I purchase roughly 120 Diet Mountain Dews a year.
I’ve been spending $150 a year on soda. And, that doesn’t include the sodas that I purchase when I eat out. For calculations sake, I’ll assume that I drink a minimum of 2 Diet Cokes, each week, when eating out. That equals, 100 Diet Cokes @ roughly $2 a piece. That’s another $200 I’ve been spending on Diet Cokes.
If you add all of my soda consumption costs, the total would be $350 a year!
Or, to put it another way -
$350 a year for 30 years, compounding at 4%, equals more than $20,000!
Well, off to the grocery store.