I’m sure most of you have heard of the “Latte Factor” at some point. It’s supposed to illustrate that having a somewhat inexpensive daily spending habit can add up to thousands of dollars down the road.
It’s not false, either. If you’ve never stopped to track your spending, you could very well be spending close to $1,000 on coffee per year. Or $2,000 on fast food. Isn’t that a bit scary?