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3 ways cutting soda saves cash

By Paula Pant · Bankrate.com
Friday, January 4, 2013
Posted: 3 pm ET

This New Year's, I'm pledging to significantly cut back on my soda consumption.

For years, I've been telling myself that my near-daily diet soda habit is fine. It's calorie-free, right? But I've recently come to the conclusion that cutting back on soda will definitely improve my bank balance, and might also improve my health.

Here are a few reasons why cutting back on soda can help you save money.

1. Save on grocery costs

A two-liter bottle of soda at the grocery store costs roughly $1 to $1.50, depending on the brand and your area of the country. At the Kroger grocery store in Atlanta, I pay $1.35 for Diet Coke ($1.25, plus 8 percent sales tax).

Let's assume I drink one liter a week. That adds up to $70.20 per year. If I invested that at 7 percent, compounded annually, I'd have $1,138.75 after a decade, according to Bankrate's simple savings calculator. That's a significant chunk of money for cutting out just one small thing.

2. Save on dental costs

Both diet and regular sodas appear to rot tooth enamel, according to a WebMD report based on a study from University of Maryland researcher Anthony von Fraunhofer. He exposed healthy, extracted teeth to a variety of beverages for 14 days and found that sodas -- especially light-colored types -- rotted away the enamel, while beverages such as brewed black tea, coffee and water had minimal consequences.

Rotting tooth enamel correlates to more frequent trips to the dentist, which will cause your health bills to rise. This is especially concerning for people who don't have dental insurance.

3. Save on health costs

Women who drank at least one can of soda per day for four years nearly doubled their risk of developing Type 2 diabetes, as compared to a control group, according to research presented at an American Diabetes Association gathering, as reported by WebMD.

That study focused on regular sodas as opposed to diet sodas. But the website reported that a different study published in the International Journal of Obesity suggested artificial sweeteners may trigger people to overconsume other sweets.

For all of these reasons, I'm scaling back my soda consumption in the new year. While I'll still drink the occasional diet cola, it'll be an occasional restaurant treat rather than a grocery-store staple.

Paula Pant blogs at AffordAnything.com about creating wealth and living life on your own terms. She's traveled to nearly 30 countries, owns five rental properties and works for herself. Follow Paula on Twitter @AffordAnything.

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3 Comments
Judie
January 18, 2013 at 11:30 am

I used a empty K cup box for a recipe box that I had for years that rusted out. I also keep trying to use them. Seems like I should have other ideas. Thats it for my 70 year old brain...LOL

phyllis holliday
January 05, 2013 at 7:11 am

my two grown grandkids /jacksonville fl/
/paso robles calif,got me a :keurig :for christmas.they also got me many extra boxes of chocolate,cider and many different kinds of coffee.all this will last me a long time.
i have the adapter with the small filter to use my own coffee,when i want to.

point is>>>> i see that nothing is wasted,no grounds to dispose of,quick,soooo tasty,i love the hazelnut,not so much the carmel.

q?----can the empty little cartons be used for anything ? just bet some one has figured that out?would the used contents make good mulch in house plants or etc.

i am liking this method,and with my lifestle,it is a good thing.

q?----- what do i tell the mc/d groupies now?this is better than their coffee,but guess the price is about the same.

the difference is got it all in my own home.----phyllis

p.s.-----mc/d does have the very best cofee,i do not like the fancy ones,just the plain.-----can"t beat it.

Suzanne
January 04, 2013 at 6:59 pm

I bought myself a nice ceramic travel coffee mug. Not only am I going to stop buying coffee at convenience stores and drive-throughs, I will help in an environmental way.