Forget about penny-pinching advice like the Latte Factor. Here’s our take on how to save money sustainably and happily without changing your lifestyle. — Have you heard of the “Latte Factor” approach to saving? For the uninitiated, the Latte Factor is a metaphor for all the little unnecessary expenditures that we waste our money on, without realising how much they add up to. It’s a simple money-saving method that says all you need to do to finish rich is to cut down on small, periodic, non-essential spending – like the cup of latte you like to have every morning. I’m all for careful spending, but frankly, this method doesn’t work for me, and I doubt it will work for many other non-financially savvy people either. Why? Because it works on the premise of deprivation. Unless you’re Scrooge, no one is going to enjoy pinching pennies for years on end, even ......