How Rich Would You Be Without a Latte?
If anything bothers us here at Lifehacker, it’s when personal finance gurus claim that the easiest way to spend less, save more, and accumulate wealth is to give up coffee. “Why are you spending $ 5 a day on a latte if you could invest that money?” they demand to know, instantly embarrassing each of us who have enjoyed a frothy latte up to this point.
It is absolutely true that if you save the money you can spend on food in the cafe, you will have a lot more money in your name. But you will have to drink a lot of coffee in order for the accumulated money to be enough money to survive in retirement. How much? Let’s just say I’m pretty sure you don’t spend that much on coffee. We’ve calculated how much you can actually save by cutting off expensive caffeinated drinks.