Never mind the psychological, emotional, health, time, family, and other indirect costs of drinking alcohol on a regular basis. I’m most interested in the pure money cost of having this regular habit.
Here’s a quick rundown of my analysis:
Average Drink Costs
To get a working case study going, I needed to first figure out the average cost of whatever we were going to be drinking.
- Beer: $7 per 6-pack, or roughly $1.16 per bottle
- Wine: $15 per bottle, or about $3.75 per glass
- Hard Liquors: $30/bottle, or about $1.75 per shot
- Specialty Drinks: $10 (varies hugely based on location)
Having figured out the individual cost for drinks, let’s take a look at the yearly cost of a few probable scenarios:
- Nightly Red Wine: A lot of people enjoy an inexpensive bottle of wine with each dinner. This comes out to a little over $900 per year. (At least this expense has supposed health benefits…)
- Weekend Beers: 52 weekends a year at one six-pack per weekend, and 4-6 holidays a year with extra cases round up to about $500 every year. About the same if you drink one beer a day with dinner.
- Party Animal: Going out once a week and ordering two expensive drinks can really add up, to the tune of $1,040 a year. Make that three times a week with three drinks a pop and we’re talking $4,680 a year.
- Shot of Vodka: My grandparents’ favorite, this is actually a competitive option, at about $640 per year. (There are also some supposed digestive benefits).
Do Your Own Math
It’s fairly easy to calculate your own yearly alcohol rate—just take the cost of your favorite beverage, figure out how often you like to partake in the experience, and average it out to a yearly basis.
And if you’re really brave…share your results in the comments. 🙂
Photo by Pink Sherbet Photography