It's the small things that, at the end, add up...
That $5 morning latte may sound harmless to begin with, but when done daily for 5 days a week, it will easily add up.
Let's do the math: $5/day x 5 days a week = $25 per week
$25/week x 4 weeks (in a month) = $100 per month
$100/month x 12 months (1 year) = $1,200 per year
Let's say you invest those $1200 per year, (every year) in an index fund like VTSAX
VTSAX historically has returned 6.7% annually on average (at times more, at times less). That means that in 10 years, with appreciation/re investing/compounding, your $1,200 can turn into $19,110!
I am not saying not to drink coffee. Instead, buy in bulk at a grocery store and brew it at home. I typically buy a $2.99 pack and lasts around 1 week and a half.
Remember it's the small things that at the end add up.
Till next time.
JL