It’s simple advice: cut out Starbucks and you’ll hit your money goals. Well, that’s not always true…but I argue there is a Starbucks effect on your money.
A recent article by ValuePenguin was published that details the price of a Starbucks cup of coffee around the world. Interesting, the United States has the lowest cup of coffee at $2.79. Let’s look at that in more detail. If you have a cup of coffee a day that equates to around $1015 a year.
While the concept of smart money isn’t to give up everything you love to do in exchange for being financially stable, the Starbucks effect actually has more to do with your frame of mind around money more than anything.
There are so many little expenses that we pay each day, each week, each month that we don’t think twice about. They don’t seem to have a big impact but add them together and they can be the cause of delayed money and life goals.
On This Podcast Episode:
- What do Starbucks coffee and money goals have in common
- How to spot Starbucks style expenses in your bank account
- Why changing your frame of mind might change your money situation
- Why not, check out how much Starbucks costs around the world
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The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.