Looking to save some money? One solution is making your own iced coffee.

My fiance drinks iced coffee pretty much every day, and he used to only buy it from Starbucks, Dunkin’ Donuts, or another coffee shop. But now he’s primarily making his own. It’s easy to make, it tastes comparably good, and it’s clearly saving us money.

We put hot coffee in this thermos (after making the coffee in our trusty Mr. Coffee machine), place the thermos in the fridge, and after an hour and a half the coffee is ready. Just add ice and voila, you're set.

Let’s see about how much we’re saving. I would say that an iced coffee, on average, costs $1.80 at a coffee shop. Let’s hold that thought for a minute. Now, yesterday I bought a 33.9-ounce container of Chock full o’ Nuts coffee for $7. According to Kmart’s website, 33.9 ounces of coffee can make up to 270 cups of coffee. Well, since we like our coffee fairly strong, we’ll say the canister makes 200 cups of coffee.

Seven dollars divided by 200 is 3.5 cents. So making our own iced coffee costs us 3.5 cents per cup, compared with $1.80 at a coffee shop. That’s a savings of about $1.76 per cup, and a savings of about $642 over the course of a whole year (provided you drink one iced coffee a day). That’s fairly significant, I’d say. While making your own iced coffee requires you to think ahead, you also save gas money (by not having to drive to a coffee shop), and help out the environment (by not using and throwing away a plastic coffee container).

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