Comments on: Dunkin Donuts killed my children’s education http://youngandemployed.com/2009/07/21/dunking-donuts-killed-my-childrens-education/ Perspectives on business from young marketing and public relations professionals Fri, 12 Mar 2010 14:23:44 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Jessica http://youngandemployed.com/2009/07/21/dunking-donuts-killed-my-childrens-education/comment-page-1/#comment-60 Jessica Wed, 22 Jul 2009 13:10:27 +0000 http://youngandemployed.com/?p=97#comment-60 I don't want to question what makes other people happy, but I too am tired of hearing people complain about not having enough money as I watch them buy expensive meals, cloths they don't need and other frivolous items. There is nothing wrong with going out to eat or buying more cloths than you closet can handle, but if you want to, say buy a house, and you can't seem to save up the down payment this might be the reason. People need to take into account thier long term goals when making even small purchases, and then stop complaining about thier the consequences of thier actions. I don’t want to question what makes other people happy, but I too am tired of hearing people complain about not having enough money as I watch them buy expensive meals, cloths they don’t need and other frivolous items. There is nothing wrong with going out to eat or buying more cloths than you closet can handle, but if you want to, say buy a house, and you can’t seem to save up the down payment this might be the reason. People need to take into account thier long term goals when making even small purchases, and then stop complaining about thier the consequences of thier actions.

]]> By: Jose http://youngandemployed.com/2009/07/21/dunking-donuts-killed-my-childrens-education/comment-page-1/#comment-59 Jose Tue, 21 Jul 2009 15:25:19 +0000 http://youngandemployed.com/?p=97#comment-59 Commonly reffered as the <a href="http://www.finishrich.com/free_resources/fr_lattefactor.php" rel="nofollow">latte factor</a> -- Registered to David Bach. This is one of the reasons I believe everyone should keep a tally of their expenses on a financial software like Quicken (there is a free one on the web). When you categorize expenses, you start to understand where your money is going away. You can review them and say: Yes, every drop of that Muga (Rioja) 2001 was worth it! Or you can say: I do not really enjoy that category that much, and I may want to start reducing expenses there. It also helps keep things in perspective. We all want more money. But life is full of tradeoffs, and we should strive for balance while living it. As your article suggests, someone that is spending more money on lattes/beer/wine/eating-out than on savings, or education for children has an interesting set of priorities. Commonly reffered as the latte factor — Registered to David Bach.

This is one of the reasons I believe everyone should keep a tally of their expenses on a financial software like Quicken (there is a free one on the web).

When you categorize expenses, you start to understand where your money is going away. You can review them and say: Yes, every drop of that Muga (Rioja) 2001 was worth it! Or you can say: I do not really enjoy that category that much, and I may want to start reducing expenses there.

It also helps keep things in perspective. We all want more money. But life is full of tradeoffs, and we should strive for balance while living it.

As your article suggests, someone that is spending more money on lattes/beer/wine/eating-out than on savings, or education for children has an interesting set of priorities.

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