Mar 24 2008
Savings Tip #3: Skip the Latte
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(excerpts from What Latte Can Do To Your Finance by Ms. Salve Duplito)
Skipping the daily latte means you save around P150 per day. That translates to P3,600 a month on a six-day working week or P43,200 a year. That can already buy you a decent life insurance policy. Invested over a five year period with a compounding 5% interest, your latte budget can give you a cool P55,135 smackaroos! (Before latte drinkers crucify me, this also holds true for all other things we buy that we can, in fact, live without.)
Skipping the daily latte means you save around P150 per day. That translates to P3,600 a month on a six-day working week or P43,200 a year. That can already buy you a decent life insurance policy. Invested over a five year period with a compounding 5% interest, your latte budget can give you a cool P55,135 smackaroos! (Before latte drinkers crucify me, this also holds true for all other things we buy that we can, in fact, live without.)
