The problem is this: spending money on slightly frivolous things isn’t entirely bad.
L.M. Schulte

I personally only use lattes as a convenient shorthand for ‘unaffordable repeated spending luxury’, whatever that might be.

This specific article focuses only on a $500-$1000 cushion and doesn’t just target lattes, it lists a bunch of stuff that people could consider. A small cut back on non-essentials over time could easily accomplish that for people who do have the ability to buy non-essentials.

Actually, if I were to be all judge-y, I would TOTALLY pick on crazy cable TV subscriptions as the worst. My neighbor re-amortized his mortgage over a longer period to lower the payments. He was complaining about his TV/cellphone costs. I commiserated in a general sort of way but then had to bite my tongue when he said it was around $600/month “because I just have to have all the channels”.

(Going just a bit further, it might not be a bad idea to have a couple of hundred bucks in cash in your house, in case of wallet loss or identity theft.)

One clap, two clap, three clap, forty?

By clapping more or less, you can signal to us which stories really stand out.