Summary
How much could you accumulate by cutting out your daily latte and investing the cash you saved? Prepare to be astonished ...
The amazing answer is more than Pounds 127,000 by the time you retire. Starbucks charges Pounds 1.85 for its two most popular drinks, the tall latte and the tall cappuccino. Just one of these drinks bought each working day adds up to Pounds 9.25 a week. Over 47 weeks of the working year this translates to Pounds 434.75 or a fraction under Pounds 36.23 each month and that's certainly enough to make a meaningful difference to your finances. STEPHEN WOMACK looks at the best ways to use all that money you save by making those small sacrifices.See the full content of this document
Extract
Wake Up and Skip the Coffee
Invest for the future
SAVING regularly into an investment fund is a great way to build long-term wealth, and even the small monthly amount you save by being coffee-free is enough to make a real difference.Ben Yearsley of independent adviser Hargreaves Lansdown in Bristol says: 'Making regular contributions reduces the risk of buying into the stock market at the wrong time and is a great way to invest in more volatile markets such as China or Russia.' Unfortu...See the full content of this document
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