While Bach takes a jab at the daily coffee shop visit in his book, the concept applies to eating lunch out instead of packing one, regular trips to happy hour, or any other recurring cost in your financial life.

This means you should allocate money from your budget for things like 401(k) contributions, Roth IRA contributions, emergency savings, and putting money away for important goals before your other budgeting categories.

You can fund things like entertainment and restaurant visits with what's left over after saving for retirement, not the other way around.

" />