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RE: Broken Windows, Broken Budgets
Good stuff @sagewords! David Bach calls it the "Latte Factor" when referring to the small amounts that people send on going out to eat, coffee, and other miscellaneous expenses! These definitely add up!
Yeah, that's everywhere! It's become such a cliche as the go-to example of where people often frivolously spend money, but I suppose that's because it's accurate. People do spend a lot of money that way.
Exactly! So many people think they can't put any money away to invest but if they took at look at what they spend their money on, they could easily cut out a large percentage monthly!
Plus there's the fact that what people spend is after-tax money. Nobody really appreciates that.
So, anything purchased costs more than it says. A $5 expense is really more, depending on someone's taxes.