11/24/2023 0 Comments Panera bread sip club![]() Rather than get a new coworking membership, I opted instead to work out of coffee shops. I could have worked from home, but as much as I’d like to do that, I’m never as efficient that way. That benefit eventually ended and I had to figure out where I would do my work from now. When I went full-time on the blog a few years ago, I had a WeWork membership that I got for free thanks to my American Express Business Platinum card. Using Panera Bread As A Cheap Coworking Space It’s not nothing – but it’s not going to change your life either. Compounded over 30 years at 7% interest, you’re looking at around $14,000 saved. If instead of spending that $12, we save and invest it, we’re only going to end up saving $144 per year. And if you go more often or get refills during the day, your costs will be lower.Įven taking the whole Latte Factor into account, $12 per month is not going to make a huge financial difference for you in the long run. That’s an unbeatable price for coffee from a restaurant. At $12 per month, that means you’re paying 60 cents per coffee. If you assume you get one coffee every weekday for a month, you’ll likely stop in for a coffee around 20 times a month. When you do the math, the Panera Bread Sip Club subscription, even at full price, is a good deal. If we wanted to do more work, we could constantly cancel and resubscribe with new promotions, but that’s more work than we want to do right now. My wife does have a subscription that she pays full price for because she goes past a Panera Bread on her way to work. When I do, it’s always because they’re offering some promotion. The Panera Bread locations aren’t that convenient for me, so most of the time, I don’t have an active subscription. And when you cancel your subscription, you can usually sign up again with whatever promotional offers they have. If you cancel your subscription, they’ll usually offer you a few months at a discounted rate too. You can almost always get 1 or 2 months free when you first sign up and depending on the promotions they’re running, you can sometimes get 3 or more months for free. Panera Bread is also constantly running promotions where you can get free or discounted months. You just go onto the website and cancel your subscription with a few clicks. That means if your circumstances change or you find that it’s not worthwhile for you anymore, you can cancel it. The nice thing about the Panera Bread subscription is that it’s paid month-to-month. Technically, you’re limited to a free drink every 2 hours, but in practice, once you have the cup, you can keep refilling it and no one is going to stop you. No purchase is required – just walk in, give them your phone number, and get your drink. For about $12 per month, you can go into any Panera Bread and get any size coffee, tea, lemonade, or fountain drink for free. So, a bit of background as to what the Panera Bread Sip Club is. So is this the solution to the Latte Factor issue – a way to get our daily coffee and not feel guilty about it? I think it very well might be. Get the subscription, get your coffee every day – multiple times per day if you want – and do it without any guilt. Say what you will about the Latte Factor, but it’s true that if you save and invest relatively small amounts of money consistently over a long period of time, it adds up.Ī Panera Bread Sip Club subscription seems to solve this Latte Factor problem. ![]() I think of them as helpful in understanding the power of consistency and compounding. That being said, I’m actually not against what these articles are saying. There’s been a lot of valid criticisms of these types of articles in recent years, specifically about how they mask the real issues millennials and others in my generation face – low wages, high housing costs, and unaffordable healthcare and education costs. Articles with titles like, “ Here’s How Giving Up Coffee Can Make You Rich” or “ If You Waste Money On Coffee, It’s Like Peeing $1 Million Down The Drain.” If you spend any time reading personal finance content, you’re going to see articles from big personal finance gurus with outlandish headlines. Many of us like spending money on our morning coffee (or whatever gets you going), but there’s often a feeling of guilt that comes with doing that. What makes this subscription useful is that it solves a pain point for a lot of people. Considering how many Panera Breads there are in the United States (over 2,000 of them), there’s a good chance you have one relatively close to you. For a low monthly fee, you get unlimited coffee, tea, lemonade, and fountain drinks at any Panera Bread in the country. The Panera Bread Sip Club is an interesting subscription service that my family has used over the past year or so. ![]()
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