A few weeks ago, my wife and I visited my sister and she made us a few cups of espresso, cappuccino, and cafe latte with her new Nespresso D290C Concept Automatic Espresso Machine. I must admit the coffee was great. My wife loved the machine and decided that we should have one also. I was hesitant about buying it, since I saw it as ongoing money leak. Unlike normal coffee, Nespresso uses coffee capsule that can only be used once — and they cost 52 cents each!
We started to look around and a brand new Nespresso D290C Concept retail for $499 — definitely, too expensive for a coffee machine. So my wife shopped around on eBay and Craigslist for a while (watch out for scammers on Craigslist!). Finally, we found a local seller who was willing to part with his relatively new D290 for $180, so that he could upgrade to the latest and greatest, Nespresso Lattissima ($799, yikes). He even threw in 40 capsules to start us off (that’s over $20 value). As a result, we now own a relatively new Nespresso machine. I think we got a good deal too.
Although the coffee is great, these capsules go very fast. I am used to drinking cheap Costco coffee where I can brew a whole pot at a time, so it’s a big change to drink only one small cup. Ironically, the one small cup probably costs more than a whole pot of traditional coffee. Anyway, it happened this past weekend. We went out to a Nespresso store and came home with 200 capsules — yes, that’s over $100 worth of coffee! Hopefully, these will last us a few months.
Anyway, I am going to try to be an optimist here and tell myself that my wife will be drinking about a dollar worth of Nespresso coffee instead of spending $4 on a Starbuck Caramel Macchiato.
Pinyo Bhulipongsanon is the owner of Moolanomy Personal Finance and a Realtor® licensed in Virginia and Maryland. Over the past 20 years, Pinyo has enjoyed a diverse career as an investor, entrepreneur, business executive, educator, financial literacy author, and Realtor®.