If you are a regular reader of this column, you probably already know how I feel about all those personal finance gurus who suggest that a penny-pinching savings of a few bucks here and a few bucks there, depriving yourself of the little lattes and sundry other small joys of life, is the best way to riches. I agree that it’s one way — for sure, those $3.95 expenses here and there certainly add up.

However, I also see how people overspend big time on their homes, mortgages and other big-ticket items on a daily basis — trimming your expenses on one of these big things can be the equivalent of a lifetime’s worth of lattes.

Plus, that scarcity mindset — i.e., you work so hard and can’t buy a coffee here and there — is both demoralizing and difficult for most people to incorporate into lasting habits.

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