You’ve heard of the latte factor, right? It’s the idea that trivial purchases add up over a lifetime to a massive wodge of could-have-been. David Bach’s The Automatic Millionaire coined the term 15 years ago. Never one to miss the chance to make himself a million, he even published a book last year centered on […]

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Many Monevator readers will be reaping generous tax breaks on their pension contributions made available through salary sacrifice schemes. But what’s less widely understood is that salary sacrifice can work against you if it lowers your salary below critical thresholds, or if your employer hasn’t been transparent about what your salary officially is. Badly administered […]

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