Irrespective of the number of local baristas and coffee shops opening in the past few months in the US (and in every corner of the world), Starbucks remains one of the most preferred breakfast and coffee stops for people of all ages.
The brand offers some of the best coffee and snacking options and unmatchable experiences. Even with the ease of placing online orders in haste, many might need to cancel a Starbucks order. The takeaway orders are packed and presented in a way that has made Starbucks coffee mugs a part of pop culture.
However, you might wonder if such orders can be revised or how to cancel a Starbucks order. It purely depends on whether you wish to make a new order. You will be pleasantly surprised to know that there is a proper cancellation and refund policy, which you must know.
Starbucks Refund Policy
Starbucks aims to provide a satisfying and enjoyable experience for all its customers. However, there may be instances when you need to cancel an order. Understanding Starbucks’ refund policy is crucial to ensure a smooth process. The policy varies slightly depending on how you place your order: over the counter or online.
Over the Counter Order Cancellation and Refund Policy
For orders placed in person at a Starbucks location, cancellation and refund requests must be made immediately after the order is placed, ideally before the drink or food item has been prepared. Starbucks baristas are typically accommodating in these situations, offering to correct or replace your order to ensure satisfaction. If a refund is preferred, the store manager can process it based on the situation. Communicating your request politely and promptly is important for the best resolution.
Online Order Cancellation and Refund Policy
For orders placed through the Starbucks app or website, the window for cancellation is slightly wider but still limited. If you wish to cancel a Starbucks order and request a refund, you must do so before the preparation of your order has begun.
This can be done directly through the app under your recent orders section, where an option to cancel will be available if the order has yet to be processed. Refunds for online cancellations are typically processed back to the original payment method within a few business days. Check the app for the most current information on your order’s status so you can cancel in time.
How Much Can You Save After Canceling Starbucks Subscription?
That depends on how many orders you make daily or monthly. It also depends on how many you will cancel in a given month. For instance, canceling a daily $5 Starbucks habit could save you around $150 a month, up to a substantial $1,800 annually.
This calculation is based on the average cost of a Starbucks beverage. This amount could represent a significant portion of their discretionary spending for many. By redirecting this sum, you bolster your savings and open up many opportunities for financial growth and stability.
Where to Invest the Amount After You Cancel a Starbucks Order?
With the savings from canceling your Starbucks subscription, consider these investment options to grow your wealth:
High-Yield Savings Account
An immediate and safe choice, these accounts offer higher interest rates than traditional savings accounts, making your money work for you over time. Try Beem’s High Yield Savings Account for an APY of up to 5.00%, which is eleven times more than the national average. Invest today to see your savings increase.
Stock Market
Investing in stocks can offer higher returns. Consider low-cost index funds or ETFs for diversified exposure to the market with less risk than individual stocks.
Retirement Accounts (IRA or 401(k))
Increasing your contributions to retirement accounts secures your future and offers tax advantages. It’s a smart way to use the extra funds for long-term growth.
Real Estate Crowdfunding
For those interested in real estate, crowdfunding platforms allow you to invest in property with a relatively small amount of money, diversifying your investment portfolio.
Education
- Investing in yourself by learning new skills or pursuing certifications can increase your earning potential in the long run.
- Each option has benefits and risks, so consider your financial situation and goals before deciding.
Read Related Blogs: How to Get a Coffee Subscription Trial?
Conclusion
According to a Statista report, an average American can spend around $4-6.50 daily on Starbucks orders. This is a substantial amount if compounded for a month or a year. For someone looking to learn financial management and discipline, cutting down on such expenses is important. Apps such as Beem are great resources for learning how to better manage your money and consolidate debt.
Eating and drinking out is one of the socially acceptable and essential parts of American lifestyles. At the same time, working on these small factors can be critical if your credit card has a massive debt or you have other obligations. Every amount saved allows for further investing, resulting in a better future.
