Simple Idea for Saving Money For the Long-term

I have a [bad] habit of buying not one, but often two café lattés a day. These lattés cost me $5.45 each, which really adds up. Here are my numbers...

I figured out that if I were to forego one of them and save that $5.45 per day, it would total about $164 a month in savings.

Now, if I were able to invest that $164 each month in an account earning 4% annually (not including inflation or taxes), it would add up to $24,000 in just ten years. At an 8% annual return, it would be over $30,000 in ten years.

I am going to give it a try and see what happens.

Is there an expense you want to try and give up in the new year to help increase your savings and invest for the future?

Contact me and I can help you figure out your numbers.