Australians spend more than $14billion on alcohol each year. Thats a lot of dollars. In fact, it’s more than we spend on our morning lattes, train trips and visits to the GP. As our capital cities, specifically Sydney, are grappling with higher-than-high house prices, we’re literally drinking away our deposits. Whether you’ve got a severe case of FOMO or you’re just catching up for a casual post-work bevvie with a mate – whatever it is you’re toasting, it’s costing you. As we’re collectively waking from our $14billion dollar bender – in the light of day, the glaring truth is that hangovers don’t buy houses.
The Sobering Reality
It’s Friday night after a big week of non-stop hustling. You’re young, you’re free and you’ve been looking forward to a beer with your mates all week. One refreshing post-work drink turns to four. After generously shouting your friends a round, you’re now eating an overpriced gourmet kebab and ubering your way home. Saturday morning rolls around and you drag your hangover to the nearest cafe to drown your sorrows in a triple shot espresso, but your wallet is alarmingly light. A non-descript night at your local has left you with a $150 hole in your pocket. While it might not sound like much for a night out, here’s the sobering reality – over the course of a year, your nights out will cost you around $10,000.
Here’s a sobering look at a modest night out…
If you don’t have the deposit for a home loan – your beers and tonic water could be costing you your bricks and mortar.
Over a five year period, the average couple spends more than $85,000 on night’s out. The actual dollars and sense of this is – that money could cut up to a decade off your mortgage . If you don’t have a home loan – you could be drinking the reason why.
Espresso Martini’s don’t pay off mortgages. Until you work out how much your after work drinks are actually costing you, it’s hard to know how to pull in the reigns. The easiest way to keep tabs is to track all your incidental spending over a month.
At Neue Black, we get it. Our whole philosophy is built around getting the most out of life. We don’t want you sitting in the dark in your slick, rentvested apartment drinking tap water on a Friday night. We want you to get amongst it, but someone’s got to keep you focused and that’s our job.
We’ve been at this long enough to know that in a couple of years, investment properties have bigger bragging rights than hangovers.
To find out more contact us today on 03 9826 2555.