The Latte Factor

Three key ideas

1. 1Compare a repeated habit with another use of money. Small pleasures are not automatically wasteful.
2. 2Plan a contribution for future needs first, but only an amount you can afford.
3. 3Automatic saving can cut repeated decisions if timing and amount match your cash and bills.

The five 2-minute lessons

1. 1.Notice what repeats
2. 2.Pay yourself first, realistically
3. 3.Make saving run itself, then check it
4. 4.Give progress time, promise nothing
5. 5.Live richly now, within your means

From the comic

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