- The Inexpensive Latte When you visit Starbucks or any other coffeehouse serving fine coffees and specialty drinks you will usually spend $3 to $4 on a decent latte. If you look closely, you will see that the espresso used to make these drinks is anywhere from 50 cents to $1 per shot. So, instead of ordering a latte, just ask for a shot or two of espresso and a cup of ice (I like my lattes iced). Take your shots and cup of ice over to the condiment stand (where the sugar and cream are) and pour your two shots into the cup of ice. Add an appropriate amount of milk or cream and sugar as needed and your $4 latte just cost you half the price. The Red Eye and the Black Eye To get the same impact as a latte, you can also order a regular cup of coffee (usually a $1.50 or so) and ask them to add a shot or two to the coffee. Generally, coffee shops only charge 50 cents or so for a shot added to a drink so you can get the wham of espresso in your regular coffee and add cream to the level you like. One shot of espresso added to coffee is called a Red Eye and two shots added is called a Black Eye. For those of you with a serious addiction, three shots added to a drink is called a Dead Eye or a Bulls Eye. The Free Latte (almost) Finally, you can go even one step further and start making your lattes at home. Your basic espresso maker with a steamer attachment costs around $30. If you calculate the cost of a latte at $3, you only need sacrifice 10 lattes to buy your own espresso machine. Once you have that, all you need is the coffee and a container to steam milk in. Now, a pound of Starbucks Espresso (the best bean, in my opinion) costs around $15. That hikes the cost of your latte up considerably even though you are making it at home.