Financial security in your twenties does not appear to be tough. However, as you approach your forties, some unexpected events occur. To deal with them all, you’ll need to make some savvy financial decisions before reaching 40. Here are five smart money choices you must make if you are in your 30s or will be 40 this year.
1. Determine the Latte Factor
The Latte Factor compares how much money you spend to how much money you make. It is a representation of money spent on items that are not required.
Pexels / Ksenia 65 percent of ordinary Americans waste money on items they do not require.
It might be anything from a monthly membership to your company lunch. You may save money on a daily basis by stopping any of those habits. After 5 to 10 years, your Latte Factor funds will have grown into a substantial sum. Open Next Page To Read More …