What is the most cost-effective way to drink alcohol?

Drink at home. Drinking your own booze will pretty much always be cheaper than drinking at a bar or restaurant, where the typical markup is three times what you'd pay in the store.

How can you save money by giving up alcohol?

One alcohol-tracking app with the on-point moniker “I Am Sober” found that half their users saved more than $15 a day by quitting alcohol last year. In the UK, the app Try Dry found that their users saved on average $469 between January and November last year by not drinking.

What are 4 strategies for safer consumption of alcohol?

Some tips/ways to drink safely and responsibly include: count your standard drinks: keep track of how much alcohol you are drinking. drink slowly: take sips and put your glass down between sips. ... eat before or while you are drinking: if you have a full stomach, alcohol will be absorbed more slowly. More items... Nov 17, 2017

How can I spend less on drinks?

Organise pre-drinks If you're going to go out drinking, it makes sense to start your night at home with pre-drinks. This way, you (hopefully) won't need to buy as many drinks while you're out, which often cost five or even six times as much. It's much cheaper to buy supermarket own-brand products.

What is the easiest way to live an alcohol free life?

10 practical tips for staying AF (Alcohol Free) Don't keep alcohol in the house. ... Attempt a physical challenge. ... Remind yourself of why you're doing it (and the potential benefits). ... Surround yourself with people who are also alcohol free (or don't drink as much). ... Join a support group. ... Focus on one step at a time. More items... Jan 15, 2020

What is the formula for alcohol cost?

Liquor cost formula To calculate liquor costs, add the Opening Inventory (the liquor you had at the beginning of the day), and the Purchases (what you purchased during the day), subtract the Ending Inventory (what remained at the end of the day) and divide it with the Sales during the day.

Why is alcohol getting cheaper?

One type of tax, excise tax, is based on the volume of alcohol sold. However, alcohol excise taxes have not been changed to keep up with inflation. This means that the relative prices of alcoholic beverages have become cheaper during the past 30 years.

What makes alcohol more expensive?

The way liquor is produced can have a significant impact on its price. For example, high-end brands often use more expensive ingredients and follow a more labor-intensive production process. This can result in a more complex flavor profile and a higher price point.

What age group drinks the most alcohol?

Current, binge, and heavy alcohol use in the United States in 2022, by age group* Characteristic Current use (not binge) Binge use (not heavy) 14-15 years 4.7% 2.1% 16-17 years 14.5% 7.1% 18-20 years 31.6% 17.9% 21-25 years 61.2% 36.3% 9 more rows Mar 8, 2024

Does lemon reduce the alcohol effect?

Action of alcohol on acid gives acetates ; lemon has ascorbic acid , oxalic acid and citric acidwhich neutralises alcohol to respective acetates thereby reducing the intoxication.

How much money can I save by quitting alcohol?

According to Addiction Group, even if you buy the cheapest alcohol, ditching your beer or wine habit could save you an average of $200 to $300 a month. That's if you drink alcohol every day, amounting to an annual savings of between $2,400 and $3,600.

What is the average alcohol budget?

Regardless of whether they have a budget, drinkers spend an average of $82 a month on booze, with those with children younger than 18 ($119), six-figure earners ($119) and millennials ($110) spending the most. Men ($100) also spend significantly more monthly than women ($62).

Looking for ways to save money on alcohol? (2024)

Often the biggest drains on a family’s finances can be the little things that add up. Take alcohol, you probably don’t spend a ton on it. But a drink here, another one there. Then that one glass of wine that somehow turns into the whole bottle over the course of the evening (we’ve all been there, it’s ok… it’s ok). The point is that it can add up pretty quickly. This time of the year can be the trickiest so here are some great ways to save money on alcohol.

Add these Apps To Your Phone

There’s two apps that I’ve seen offer cash back when you purchase alcohol. They are Checkout51 and Ibotta. Both will offer cash back incentives on certain alcohols, it’s not a sure thing but there may be something on there that you could benefit from.

Just quickly checking my Ibotta account you can see that there are tons of offers to save money on alcohol.

Click here to start saving with Ibotta

Make Your Own Beer

Nothing spells saving money on alcohol than making your own beer. There are DIY kits to do it and from what I hear it’s pretty easy to get into. Plus with all the advances over the last few years making it can turn your beer making hobby into a great money saver. Here are some beer kits to whet your pallet.

Make Your Own Wine

Staying on the same theme of saving money by making your own booze, you can always make your own wine. The range of kits out there is insane and it can bring your cost down to a dollar or two for a bottle of decent wine. This is a great way to save on alcohol. Check out these wine kits here

Have Someone Make Your Wine For You

This was probably the best thing I have discovered in recent months. Some wine kit places offer a service that you can buy the kit and they will make it for you.

Sign me up!

This is by far the best of both worlds as you don’t have to buy all the supplies yourself and worry about messing it up (which let’s face it, I would). You just pick your kit and they make it for you, 60 days later (or however long it takes depending on the kit)

Stay Away From the Premium Alcohol (a.k.a.Buy Generic)

Do you know the taste difference between a $20 bottle of vodka and a $50 bottle of vodka? Me neither. Some people swear by it, I’m not one of them. My thought is that if you are going to be putting mix into it, then you likely don’t need a higher cost alcohol.

Sure some drinks like scotch and premium tequila can cost more and you do notice a difference. But if most of your drinking consists of mixing with some kind of cola or juice then you don’t need the premium label attached to it.

Buy in Bulk

Wine in a box anyone? This is the greatest idea since sliced bread, in the alcohol world at least, the iPhone was… well the iPhone is better than wine in a box. The nicest part about wine in a box is that you get a larger volume and it keeps longer. Really what’s not love?

Refill Fancy Bottles with Generic Booze

My friend taught me this one. He had a martini party and realized afterwards that his friends could have cared less if they were drinking premium spirits or not. So he saved the bottles and buys the generic kind of booze. It’s not for everyone but it’s a good idea for some of us.

Drink less

I mean this one is obvious, but if you want to save money on anything, whether it’s booze, food, clothing, anything you can think of. If you are willing to consume less it will save you money. Avoiding the free pour and using shot glasses to measure your liquor out is an easy way to save money.

Ways To Save Money On Alcohol – Recap

Make Your Own Beer
Make Your Own Wine
Have Someone Else Make Your Wine For You
Buy in Bulk
Buy Generic
Refill Fancy Bottles with Generic Booze
Drink Less
Get these apps on your phone:✅Checkout 51✅Ibotta

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