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! Looking for ways to save money on alcohol? (3)Looking for ways to save money on alcohol? (4)

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.

*Insider tip: I’ve heard from people that the Costco Kirkland brand of alcohol is made by some of the larger distillers out there. I have no way of proving it, but it’s something I have seen in a few different places over the internet.

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

  1. Make Your Own Beer
  2. Make Your Own Wine
  3. Have Someone Else Make Your Wine For You
  4. Buy in Bulk
  5. Buy Generic
  6. Refill Fancy Bottles with Generic Booze
  7. Drink Less
  8. Get these apps on your phone:Checkout 51Ibotta

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

FAQs

Looking for ways to save money on alcohol? ›

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 to save money on alcohol? ›

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? ›

How quitting drinking can save you money: Cutting costs on alcoholic drinks. Reducing peripheral costs on taxis, take away food, and buying other people drinks. No need to spend money on new outfits for night's out that will be ruined with mystery stains.

How can you save money by not buying 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.

Will I save money if I stop drinking? ›

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.

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.
Jan 15, 2020

What does alcohol do to your money? ›

If you're not careful, alcohol dependence can lead to a devastating downward spiral. We're talking eviction notices, delinquent bills, excessive court fees, credit scores dropping, losing your job, and more. Often with addiction, many lose their family and custody of their children.

What is the most cost effective way to drink beer? ›

It is true, kegerators and kegerator kits are actually a much cheaper way to drink beer. Think about it; buying in bulk is always the best way to save. That's what a kegerator does; it allows you to buy beer in bulk. When you purchase beer by the keg, you pay 50% less than if you purchased bottled beer.

How to spend less on wine? ›

Make Wine a Source of Pleasure, Not Stress
  1. Picking the Right Wine On a Date. ...
  2. Pairing The Right Wine with Your Food. ...
  3. Help Your Friends and Family Enjoy Wine More. ...
  4. Only Send a Bottle of Wine Back in a Restaurant If This Happens. ...
  5. This is How You Buy Wine and Save a Fortune.

How much longer will I live if I stop drinking alcohol? ›

The teetotaler (0 drinks/week) and the excessive drinker (8+ drinks/week) were projected to live to 92 and 93 years old, respectively. The same person having one drink per week was projected to live to 94, and the moderate drinker (2-7 drinks/week) was projected to live 95 years.

How much money do people spend on alcohol per month? ›

Men ($100) also spend significantly more monthly than women ($62). Schulz says alcohol spending can add up, but that's not necessarily a bad budget item. “That $82-a-month number may not seem like much, but that's about $1,000 a year on alcohol,” he says.

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.

Who spends the most money on alcohol? ›

Among the demographics examined, the biggest source of alcohol spending was single men who earn six figures. Single men who make $100,000 or more a year put an average of 2.20% of their total spending toward alcohol. Interestingly, single men who make less than $15,000 a year were closest, at 1.67%.

How to save money on vodka? ›

  1. Set a budget: The first step to saving money on alcohol is to set a budget for yourself. ...
  2. Buy in bulk: Purchasing alcohol in bulk can often save you money in the long run. ...
  3. Opt for house brands: Instead of going for expensive, name-brand alcohol, try opting for the house brands offered at your local liquor store.
Jan 30, 2024

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