Although we love our coffee in Australia and particularly in Melbourne that $4.50 Coffee could save you 4 years off your home loan.

As a smoker quitting now and reinvesting the money into the home loan could shave as much as $110,000 and 14 years off the home loan.

I CHALLENGE all of you to track your spend for the next 2 weeks with the ASIC MoneySmart app. Available to download via itunes or google play store. Work out what you are spending your money on. And see if it can be directed better towards paying down your home loan or to saving for your next home.