Is your 'latte factor' worth worrying about?
Unless you really don’t pay any attention at all to how much you spend, you’ve probably heard of the ‘latte factor’, a phrase coined by David Bach, the author of The Automatic Millionaire.
He says that too many of us ignore seemingly insignificant purchases (like the jolt that you pick up each morning before you head to work) even though they really add up.
If you spend $4 on a latte every day, for instance, your habit adds up to $20 a week, excluding weekends. That’s the equivalent of a wide screen TV every year.
Click here to see just how easily those little expenses add up. By entering how many times a week (or month) you purchase certain products or services, you’ll come up with a running total that may just surprise you.