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Why Ditching Your Daily Coffee Habit Isn't The Best Savings Plan

Coffee

It's a rule so basic that it's been touted in just about every personal finance book and blog post on savings in the last decade.Among those who championed the idea that Americans' love for little luxuries was the culprit behind their inability to save was personal finance guru David Bach.He coined the term "The Latte Factor," even adding a calculator on his website to show people how much their caffeine kick cost them. According to Bach's math, a woman in her early 20s could tuck away $2,000 a year by saving the $5 she might spend per day on a latte and snack atStarbucks . Invested with an expected return of 10% to 11%, that savings could

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17 Oct
Dr Math E Matics @MathIsMyLife
Why Ditching Your Daily Coffee Habit Isn't The Best Savings Plan http://t.co/FrARudTZDG