Reducing Alcohol Consumption
My goal is not to discourage you from drinking, but it is essential to achieving financial success to be aware of how much you are spending and to prioritize your physical health. Tracking your habits and expenses can help you make adjustments, whether that means cutting back or eliminating alcohol altogether. We are here to support you in making the right decisions for yourself.
The first thing, get a calendar, and pen, and hold on to your receipts. Keep track of all the alcohol money you spend on a weekly basis by sitting down and writing down how much you spent several times trough out the week or once on a week.
For example, if you drink seven days per week and consume 5-6 beers per day, at $24 for a 12-pack of domestic beer, that would mean you spend around $120 on beer in one week. That's $480 per month and $5,760 annually. This doesn't even include the time you spend at bars or restaurants.
These numbers are only estimates and may vary depending on how you drink and where you live. Prices for alcohol can also vary from one city to the next. For example, as per [3](https://alcohol.org/guides/cost-of-drinking-alcohol-by-city/) people in some cities could save anywhere from $268 to $507 just by decreasing their alcohol use by 25%.
It is a smart idea to keep track of your alcohol consumption and to compare it with your income and expenses. This will help you determine if your spending is sustainable or if you need to reduce it.
Comments