BENGALURU: Having a budget makes life easy on the financial front. If in spite of sticking to a budget, you still have the lingering question, “Where have I spent my money?,” Then it’s high time you cover the leaks in your budget.

Economic Times have come up with innovative solutions to this problem, which will help you find and fix the leak in your budget.

#Latte factor

David Bach is a financial author, and the term, “Latte Factor” is coined by him as he describes the everyday small spending in our life. As we tend to spend a buck or few on our daily pack of cigarettes, biscuits, juice, nariyal pani, or the mint we gobble in.

It might seem these miniscule expenses are low and that you are managing your budget efficiently, but these pile up slowly and eventually it will cost a considerable chunk off your budget.  You can keep a track of these small expenses each day and find out where you need to stop spending.

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