Friday, December 09, 2005

Scales and Latte Money

This article on lattes and saving money was interesting to read, but I feel it missed a few points. The main one being that an occasional $5 coffee isn't a big deal unless you are living on the edge. But a daily $5 coffee is significant to anyone but the truly rich. A $5 coffee everyday you go to work adds up to $1250 a year. Over 18 years that is $22,500, if the money were invested and got a 10% return on average in 18 years it would be worth almost $57,000. (The difference wouldn't buy you a coffee.) Anyway the article is worth reading but don't dismiss the cost of small daily purchases.


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