Latte factor


noun

in economics, a phenomenon whereby many small purchases add up to a significant expenditure over time
Examples

You may have heard of the “latte factor,” which states that by skipping the daily stop for a $3 coffee, you can save hundreds, even thousands of dollars, a year.
Word Origin

1999; fr. book “The Automatic Millionaire”

Read Also:

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  • Latter

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    [lat-er-dey] /ˈlæt ərˌdeɪ/ adjective 1. of a later or following period: latter-day pioneers. 2. of the present period or time; modern: the latter-day problems of our society. adjective 1. present-day; modern

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