How much could you save by drinking less?
It's no secret that Australians love a drink.
ABS figures – analysed by Finder – show households spend a massive $1,891 on grog per year on average.
But the high cost of alcohol is a big reason why so many are now reconsidering their vice.
So how much could you save by banning the booze?
Use the calculator below to see how much you're spending, and what that money could be doing if you saved it instead.
Calculate Your Savings
Use the calculator below to work out how much you can save by changing or reducing your alcohol consumption.
| Drinking at home | |
|---|---|
| Beer | |
| Drinks this week | Average cost per can |
| Wine | |
| Drinks this week | Average cost per glass |
| Spirit | |
| Drinks this week | Average cost per shot |
| Going out | |
|---|---|
| Beer | |
| Drinks this week | Average cost per can |
| Wine | |
| Drinks this week | Average cost per glass |
| Spirit | |
| Drinks this week | Average cost per shot |
If you quit drinking, you'll save …
{{monthly | currency}} per month
{{yearly | currency}} per year
{{decade | currency}} per decade
If you invested a year of savings into a high-interest savings account at 4.5% interest compounded monthly…
At the end of 10 years, you'll have saved: {{yearly * Math.pow(1 + .045/12, 120) | currency}}
If you invested a year of savings into a 20-year target fund at 4.5% interest…
At the end of 20 years, you'll have saved: {{ yearly * Math.pow(1.045, 20) | currency}}
If you quit drinking, you'll save …
{{monthly | currency}} per month
{{yearly | currency}} per year
{{decade | currency}} per decade
If you invested a year of savings into a high-interest savings account at 4.5% interest compounded monthly…
At the end of 10 years, you'll have saved: {{yearly * Math.pow(1 + .045/12, 120) | currency}}
If you invested a year of savings into a 20-year target fund at 5% interest…
At the end of 20 years, you'll have saved: {{ yearly * Math.pow(1.045, 20) | currency}}
