Twenty bucks here and 30 bucks there may seem like nothing, but have you ever stopped to add up what you spend on drinking in a week? A month? A year? How about in 10 years? If you did, would you still spend the money?
The costs associated with regular drinking can be significant, so it’s important to be aware of the price you pay for maintaining this expensive habit.
What You Will Spend on Alcohol During Your Lifetime
According to the Bureau of Labor Statistics, Americans spend about 1 percent of their gross annual income on alcohol. For the average household, that’s $565 a year, $5,650 in 10 years, or a whopping $22,600 over a 40-year period.
It’s worth noting that $565 per year breaks down to about $11 a week. In some cities that will barely buy you one cocktail, so it is very probable your spending exceeds that. But this is one area in which you may not want to be above average.