Alcohol Expenses: Financial Impacts

Most people are aware of the negative health effects of alcohol. However, not many are aware of the financial ones. Alcohol expenses aren’t always easy to spot. Still, that doesn’t mean they won’t add up…

Alcohol Expenses: Costly Consequences

Purchase price

The most apparent of the alcohol expenses is the purchase price. Alcohol is one of those things which doesn’t really come cheap due to factors like taxes. Even the more inexpensive options can quickly add up if you buy them often. Not to mention the premium choices, which can be $30 or more for just a single bottle.

There are also the “extra” pieces to consider. For instance, if you like mixed drinks, then you’ll also have to buy mixers. While not as pricey as the alcohol itself, it still more money that you’re spending. It’s no surprise as to why those who struggle with heavy drinking also tend to struggle financially.

Heath and legal expenses

Alcohol expenses can also show up in the form of negative health effects. These negatives can quickly get to the point where they require medical attention. As a result, you can end up being stuck with some expensive medical bills. These costs can get even higher if you need constant, long-term treatment.

Of course, you also need to consider potential legal costs too. Getting something like a DUI doesn’t just come with a hefty fine. You’ll also have to consider how potentially losing your license will make it harder for you to go to or find work in the future.

Recovery costs

Even when you try to get sober, alcohol expenses can still be felt. In particular, you have to factor in the price of your recovery efforts. Places such as rehab facilities can be a bit high in price depending on how long you want to stay. Plus, you may also need to factor in things like travel, and other outside expenses you still need to manage.

However, unlike the other costs, you should consider this one to be an investment. Putting the money towards recovery now is important for getting yourself clean. That way, you’ll have a much better chance at finding a well-paying job and starting your path to financial recovery.