The idea that a daily latte is the culprit behind financial instability has long been a staple of your run-of-the-mill personal finance advice. Even as basic living expenses rise and wages stay the same, finance gurus stubbornly assert it can all be turned around if you save those five dollars and make coffee at home instead.

You might think a global crisis would help to shake things up but you’d be wrong. Now that morning lattes and after-work drinks are things of the past, experts suggest you cancel streaming subscriptions to make room in your budget. After all, the extra $30 you save will really come in handy when rent is due!

This all begs the question: Why the blatant tone deafness when it comes to personal finance?

Read the full post on: Money the Wright Way