At around $4.45 a pop, the cost of a medium iced caramel macchiato at my favorite coffee shop was costing me over $230 a year for the weekly indulgence. Add in my usual slice of banana walnut bread, and I was losing the equivalent of an entire emergency fund. Learn more about why saving for an emergency is the top goal of America Savers.
After doing the math, I started experimenting in my kitchen. After a few tries (and lots of caramel and caffeine), I ended up with a near-perfect copycat for a fraction of the price. Here’s how I saved over $3 on my favorite coffee indulgence with this homemade iced caramel macchiato recipe:
Looking to cut back on spending? Be sure to check out our over 50 clever ways to save money here. But don’t just spend less, save more! That $500 you save for skipping your weekly coffee run is enough for an emergency fund that will leave you better off financially. But whatever you’re saving for, you’re twice as likely to save successfully if you have a plan.
That’s where America Saves comes in. We help you set a goal and keep you motivated with information, advice, tips, and reminders. It all starts when you join over 500,000 others and take the America Saves Pledge.