The Latte Effect: How much could you be saving?

Media / Blog

The Latte Effect: How much could you be saving?

Prev

Think Wisely About Your Trustee

September 25, 2014

Do you regularly spend a few dollars on everyday things that you could probably live without? We’re all guilty of it but we tend to ignore the bigger picture. Think about it: if you saved the money you spent on small, day-to-day purchases, you could quickly save up a large sum of money that could be better used to benefit you down the road.

Get familiar with the latte effect – the idea that unconscious spending on small things each day adds up to a vast amount over time.

Change your spending habits

While a dollar here and there may seem trivial in the scheme of things – as you can see, those dollars accumulate quickly. That’s not to say, however, that you should cut out all of life’s little luxuries. Pleasures such as medium lattes, manicures and lunches out can be enjoyed in moderation. It’s all about balance and discipline with your finances.

Think about your everyday purchases – do they provide long-term value? The answer will help you put your priorities in order and see where you can redirect your money.

How much could you be saving? Track your daily expenses to discover where you can cut back.

Article from Nationwide’s blog: In The Nation

Next

Do We Even Need Vacation Policies Anymore?

Sign Up

Sign up for our exclusive Sunday Paper with a weekly market commentary, insightful personal finance blogs, and life changing education guides.

Email sign up

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice.

This site is published for residents of the United States only. Registered Representatives of Kestra IS and Investment Advisor Representatives of Kestra AS may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed. Not all products and services referenced on this site are available in every state and through every representative or advisor listed. For additional information, please contact Kestra IS Compliance Department at 844-553-7872.

PLEASE NOTE: The information being provided is strictly as a courtesy. When you link to any of the web sites provided here, you are leaving this web site. Kestra IS and Kestra AS makes no representation as to the completeness or accuracy of information provided at these web sites. Nor is Kestra IS and Kestra AS liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, web sites, information and programs made available through this web site. When you access one of these web sites, you are leaving our web site and assume total responsibility and risk for your use of the web sites you are linking to.