Lifestyle

In 70 years time a cup of coffee may cost you a whopping $34

STATISTICS: Rockhampton’s Tori Keating has an eye for constantly rising inflation figures.
STATISTICS: Rockhampton’s Tori Keating has an eye for constantly rising inflation figures. Chris Ison

ATTENTION coffee addicts - start cutting down now.

Because in 70 years time a cup of caffeine may cost you a whopping $34.

According to news.com.au, a recent analysis conducted by NAB has revealed how the average price of a takeaway coffee could increase over the coming decades if inflation rates stay the same.

The data also found an electricity bill that cost $100 in 1973 now costs $295.24 and in 15 years could be $1051.71.

But Rockhampton's Tori Keating says there is no point "freaking out" about it.

"You're the only one who controls what you spend," the 18-year-old told The Morning Bulletin earlier this week.

"It all comes down to what money means to you."

Tori works for Clear Waters Financial Planning and is currently studying a Bachelor of Business.

"In the past you could buy a house for $80,000 or something ridiculous like that... that's just how inflation works," she said.

"Today's dollar won't be the same in the future. That's how our economy goes."

Tori encouraged people to budget, pay any bills before you hit the shops and always have a cash buffer for unexpected expenses.

Topics:  coffee, editors picks, electricity, inflation




Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

3 easy dinner recipes your kids will love, and so will you

No Caption

THERE is a middle ground! Dinners fit for kids and adults.

How to reduce your child's risk of food allergies

ABOUT 90% of food allergies are caused by just seven foods.

5 good mental health habits for kids (and parents)

CRYING OUT FOR HELP: The demand for counselling support for children and young people is increasing.

FORMING good habits early is critical for your child's mental health.

Smack or no smack - where do you stand?

THE debate is reignited - is smacking acceptable?

Susie O'Neill: Why I stopped smacking my children

Swimming legend Susie O'Neill says she has stopped smacking her kids.

“I (smacked) because that’s what I knew growing up."

Introducing a step-parent into the family

Introducing a step-parent into the family can be stressful for the children, as well as the new parent.

THERE is no easy way to introduce a step parent into the family.

CQ man still missing in Nigeria after kidnapping

NIGERIA: Three Australian men are missing after a kidnapping in Nigeria on Wednesday, which is believed to have to involved this car.

Fate of three Australian men still unknown

LISTEN: Thieves stole over 300 items from CQ building sites

91 james street mt morgan

Seven people from three Mount Morgan addresses charged

Dr McPhee talks win for rural docs

HEALTHY MOVE: Dr Ewen McPhee in his new office.

Dr Ewen McPhee talks win for rural docs

Latest deals and offers

Justice Lucy McCallum

Justice Lucy McCallum

Justice Lucy McCallum says she reduced Oliver Curtis's sentence due to comments...

Anthony Lynham on the Mount Morgan Mine

Queensland Minister for Natural Resources and Mines, Dr Anthony Lynham talks about...

Fitroy Basin River report 2014-5

Nathan Johnston announces the 2014-15 Waterway health report card at the Fitzroy...

Yeppoon up with the state's best as house prices rebound

Agent Adam Cook (right) says coast homes are now more affordable.

Capricorn Coast homes, once out of reach, are now more affordable

Is this state’s cheapest house?

BARGAIN BUY: Is this North Bundaberg property the cheapest home in Queensland?

Becoming a real estate mogul is all about risk and reward