The Latte Factor is a metaphor for those unnecessary “little” expenditures that we waste our money on, without realizing how much they add up to.
I am extremely guilty of this! I’m not saying we don’t all deserve a reward now and again (I love a latte as much as the next person) but what if we took all these unexpected purchases and used the money for something else? The delayed gratification may end up being well worth the wait.
Starting January, I will be putting my money where my mouth is. Anytime that I make a “Latte Factor” purchase I am accounting for it on My Piggy Bank Page.
At the end of my project, I will put the equivalent of my “Latte Factor” towards my student loans.
Learn More About the Latte Factor: http://www.finishrich.com/lattefactor/